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Archive: 03 April 2015

Posts in 03 April 2015

Salient Features of Foreign Trade Policy 2015-2020

April 3, 2015 43083 Views 0 comment Print

Chapter 3 benefits of the erstwhile FTP have now been consolidated into two new schemes for export of merchandise and services, viz. Merchandise Export from India Scheme (‘MEIS’) and Service Export from India Scheme (‘SEIS’).

Minutes of Proceedings of General Meeting, Meeting of Board of Directors and Other Meeting and Resolutions passed by Postal Ballot

April 3, 2015 4523 Views 0 comment Print

Under Section 118 of Companies Act, 2013 every Company is required to cause the minutes of the proceedings of every: 1. General Meeting of any class of shareholders or creditors; 2. Resolution passed by Postal Ballot; 3. Meeting of Board of Directors or committee of the Board

Proposed penalty and Jail Terms for Traffic Rule Violation under RTS Bill 2015

April 3, 2015 6490 Views 0 comment Print

This Ministry of Road Transport & Highways has proposed a draft Road Transport & Safety Bill which after wide public consultation has been circulated to the concerned Ministries for their comments before bringing it to the Cabinet. The Bill has included several reforms, including a major focus on the safety on roads and increase in the penalties for various offences.

Excel Tips – Calculate Years, Months, Days elapsed from a certain date in Microsoft Excel

April 3, 2015 13290 Views 0 comment Print

In order to calculate the time elapsed from a certain date, we will use a birthdate as an example. Enter birthday date in cell A1: 01/01/1980. To calculate the number of years from the date, enter the following formula in cell B1: =YEAR(TODAY())-YEAR(A1) . The result (rounded): 23 Years. For a decimal solution, use the following formula: =DATEDIF(A1,TODAY(),”m”)/12 . The result: 23.25 Years

Ready Recknor Service Tax Changes effective from 01-04-2015

April 3, 2015 14398 Views 0 comment Print

In this Ready –to- Read Table, I have endeavored to encapsulate major changes in service tax that are effective from 01-04-2015 along with proposed changes in service tax rates as enshrined in the Finance Bill, 2015 .

Penalty u/s 271(1)(c) not justified for unsustainable claim which was fully disclosed

April 3, 2015 3659 Views 0 comment Print

Hon’ble High Court held that making of an incorrect claim would not tantamount to furnishing inaccurate particulars of income when Assessee has made full disclosure of relevant Facts and of Claim Made as held by Hon’ble Supreme Court in the case of CIT vs. Reliance Petroproducts Pvt. Ltd. 322 ITR 158.

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