Break Even Date for NPA is 01.01.2015 for the year 2014-2015. Once an account has been classified as NPA, all the facilities granted to the borrower will be treated as NPA except in respect of Primary Agricultural Credit Societies (PACS)/Farmers Service Societies (FSS).
Clause 106 of the Finance Bill, 2015 seeks to amend section 66B so as to increase the Service Tax from 12 to 14 percent. Further, Clauses 179 and 187 respectively of the Finance Bill, 2015 provide that – Section 95 of the Finance Act, 2004 levying education cess, and Section 140 of the Finance Act, 2007 levying SHE cess
The status of pending public grievances with the Income Tax Department was reviewed by Hon’ble PM yesterday through video-conferencing with Revenue Secretary and the undersigned. During the meeting, the Hon. PM expressed dissatisfaction about delays in responding to public grievances by our Officers as well as about the harassment meted out to the taxpayers and officious behaviour of our Officers.
FM Stresses the need for use of more Accounted Money and Discourage of use of Unaccounted Money Focuses on use of Plastic Money such as Credit Card, Rupay Card and Cheques in lieu of Hard Currency The Union Finance Minister Shri Arun Jaitley said that there is need to take steps to encourage people to […]
When we go to audit the banking industry, we came to know which of the Banks must be treated with respect and which are in low water ,it simply add our responsibility to take cognizance of peripheral area of DEPOSITS. Deposits are peripheral areas of attention and due diligence while conducting and concluding the branch audits.
Field Offices Under Chief Commissioners of Customs/Central Excise/Service Tax to Remain open tomorrow, 28th March, 2015 to Facilitate filing of Returns/Payment of Taxes In view of closing of the current financial year, the Central Board of Excise and Customs [CBEC] has decided to keep open all the field offices under the Chief Commissioners of Customs/Central […]
REPAYMENT OF DEPOSIT: As per Section 74(1)(b) Every company which have deposit as on 1st April, 2014 or filed DPT-4 for deposits have to repay within one year from such commencement (31st March, 2015) or from the date on which such payments are due, whichever is earlier.
The procedure to close down is dealt with by section 560 of the Companies Act’1956. The sections which deal with the closure of companies under the Companies Act’2013 have not yet been notified therefore the procedure to be followed is that given in section 560 of Companies Act’1956.
The matter herein pertains to import of second hand tyres for direct use purpose. The import of ‘waste pneumatic tyres, excluding those which do not lead to resource recovery, recycling, reclamation or direct reuse’ falls under Schedule III B (B3140) of Hazardous Waste (Management, Handling and Trans-boundary Movement) Rules, 2008 and hence is regulated for the purpose of import/ export.
4, Retirement from parent service on appointment as Chairman or Vice-Chairman or Member.— (1) Where, a Member, on the date of his appointment to the Commission, was in service under the Central Government, he shall seek retirement from such service before joining the Commission, and shalt be deemed to have so retired on the date of his joining the Commission. (2) On retirement as specified under sub-rule (1), the Member
