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Archive: 10 April 2015

Posts in 10 April 2015

PAN / TAN for new Company- Apply in Form INC-7- No Separate Application

April 10, 2015 20971 Views 0 comment Print

Notification No. 38/2015 – Income Tax in case of an applicant, being a company which has not been registered under the Companies Act, 2013 the application for allotment of a Permanent Account Number and tax deduction and collection account may be made in Form No. INC-7 specified under sub-section (1) of section 7 of the said Act for incorporation of the company

CBI Convicts then Satyam Chairman , Two CAs and 6 Others in Satyam Scam case

April 10, 2015 5384 Views 0 comment Print

SEVEN YEARS RIGOROUS IMPRISONMENT WITH FINE OF RS.5.24 CRORES (APPROX)EACH TO SRI B.RAMALINGA RAJU THEN CHAIRMAN, & THEN MD BOTH OF SATYAM COMPUTER SERVICES LTD AND SEVEN YEARS RI WITH FINE RANGING FROM RS.26 LAKHS TO RS.31 LAKHS(APPROX) EACH TO EIGHT OTHERS IN ONE OF THE BIGGEST CORPORATE FRAUDS

FVU for AIR with new validations released

April 10, 2015 1328 Views 0 comment Print

1.Once the return has been prepared as per the file format, it can be verified using the File Validation Utility (FVU) provided by NSDL. 2.The e-AIR FVU is a Java based utility. JRE (Java Run-time Environment) [versions: SUN JRE: 1.4.2_02 1.4.2_03 1.4.2_04 IBM JRE: 1.4.1.0 should be installed on the computer where the e-AIR FVU […]

Regarding Approval of Secretarial Standards SS-1 and SS-2

April 10, 2015 5164 Views 0 comment Print

Approval of Central Government under sub-section (10) of section 118 of the Companies Act, 2013 is hereby accorded to the Secretarial Standards (SS) namely SS-1 on Meetings of the Board of Directors and SS-2 General Meetings.

CBEC clarifies on Applicability of 14% Service Tax Rate

April 10, 2015 17731 Views 0 comment Print

Circular No. 183/02 /2015-ST Dated 10th April, 2015 Doubts have been expressed in various forums regarding the proposed increase in the rate of service tax from 12.36% (including education cesses) to 14% on the value of taxable service.

One Person Company: A Practice to Merge Soul of Proprietorship In Body of Company

April 10, 2015 4335 Views 1 comment Print

One person company is a form of business, introduced by Companies act, 2013, enabling sole proprietors to enter into corporate world. It is like forming a company with the soul of proprietorship and privileges of a private limited company but with fewer requirements.

Notification No. 37/2015 – Income Tax Dated 10.4.2015

April 10, 2015 586 Views 0 comment Print

Notification No. 37/2015 – Income Tax Whereas the Central Government (Ministry of Commerce and Industry) in exercise of the powers under the Industrial Park Scheme, 2002 (hereinafter referred to as the Scheme), as notified vide number S.O.354(E) dated the 1st April 2002, had granted approval vide letter No.15/13/05-IP&ID dated 17.02.2005 to the undertaking being developed, maintained and operated by M/s Meenakshi

Notification No. 36/2015 – Income Tax Dated 10.4.2015

April 10, 2015 367 Views 0 comment Print

Notification No. 36/2015 – Income Tax In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies for the purposes of the said clause, the ‘Punjab State Electricity Regulatory Commission’, constituted by the

Notification No. 35/2015 – Income Tax Dated 10.4.2015

April 10, 2015 307 Views 0 comment Print

Notification No. 35/2015 – Income Tax In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies for the purposes of the said clause, the ‘Haryana Electricity Regulatory Commission’, a Commission constituted under the Haryana Electricity Reform Act, 1997 (Haryana Act No.10 of 1998), in respect of the following specified income arising to that body, namely

CBI arrests 2 excise officers in bribery case

April 10, 2015 393 Views 0 comment Print

CBI ARRESTS AN ASSISTANT COMMISSIONER AND A SUPERINTENDENT, BOTH OF CENTRAL EXCISE IN A BRIBERY CASE The Central Bureau of Investigation has arrested a Superintendent and an Assistant Commissioner, both of Central Excise, posted at Chennai-I Division, Nandanam, Chennai for demanding & accepting a bribe of Rs.11,000/- from the complainant.

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