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Archive: 20 February 2015

Posts in 20 February 2015

Printing of Budget Documents of Union Budget 2015-16 Commenced

February 20, 2015 856 Views 0 comment Print

After the Lok Sabha General Elections in 2014, Bharatiya Janta Party (BJP) led by Shri Shri Narendra Modi formed the Government at the Centre in May 2014. Shri Arun Jaitley took over the charge as the Finance Minister in the new Government. He presented his First Budget in Parliament on 10th July, 2014. This will be his second Budget as the Union Finance Minister.

Section 141: Eligibility, qualifications and disqualifications of auditors

February 20, 2015 24358 Views 0 comment Print

Extract of Section 141 of the Companies Act,2013 141. Eligibility, qualifications and disqualifications of auditors (1) A person shall be eligible for appointment as an auditor of a company only if he is a chartered accountant: Provided that a firm whereof majority of partners practising in India are qualified for appointment as aforesaid may be […]

Extract of Section 147 of Companies Act, 2013

February 20, 2015 15222 Views 1 comment Print

Extract of Section 147 of Companies Act, 2013 147. Punishment for contravention (1) If any of the provisions of sections 139 to 146 (both inclusive) is contravened, the company shall be punishable with fine which shall not be less than twenty-five thousand rupees but which may extend to five lakh rupees and every officer of […]

Notification No. 05/2015-Customs, Dated: February 20, 2015

February 20, 2015 544 Views 0 comment Print

Export Promotion Schemes – Calicut Airport added vide Notification No. 05/2015 – Customs, Dated: February 20, 2015

Digital Locker System launched by Govt. of India

February 20, 2015 1920 Views 0 comment Print

DigiLocker which is the national Digital Locker System launched by Govt. of India can be accessed at http://digilocker.gov.in. It can also be accessed through http://digitallocker.gov.in and http://elocker.gov.in.

Procedures for grant of Letter of Factory Stuffing Permission to Exporters

February 20, 2015 7304 Views 0 comment Print

ccordingly, the Public Notices issued by JNCH from time to time for grant of LoFSP were re-examined. In order to improve facilitation to the Exporters, it has been decided to classify the cases as detailed in next page. In the event it appears that the case is serious in nature, LoFSP will not be granted.

Procedure for submission of returns under Profession Tax, Luxury Tax & Sugarcane Purchase Tax Act after making Payment through GRAS

February 20, 2015 5622 Views 0 comment Print

The Sales Tax Department has made available the facility to make electronic payments through GRAS (Government Receipt Accounting System) from 18/09/2014. The circular as referred above was issued detailing the procedure to be followed while making payments through GRAS. This office has received queries regarding filing of returns in which taxes are paid through GRAS under the Acts referred as above. In view of the same, it is being clarified as under:

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