"10 April 2015" Archive

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

Notification No. 38/2015 - Income Tax (10/04/2015)

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 in...

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

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...

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Posted Under: Income Tax |

FVU for AIR with new validations released

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 […]...

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Posted Under: Income Tax |

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

1/3/2014-QL-I (10/04/2015)

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....

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CBEC clarifies on Applicability of 14% Service Tax Rate

Circular No. 183/02/2015-ST (10/04/2015)

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....

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

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....

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Posted Under: Income Tax |

Which Challan to use for Paying Income Tax Appeal Fees

Corporate Assessee:- In case you have to deposit appellate fees, copying charges or other miscellaneous payments, tick box 0020, thereafter tick box '300 Self Assessment Tax' under 'Type of Payment' and fill up the amount to be paid in 'Others' column under 'Details of Payment'....

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Posted Under: Income Tax | ,

Notification No. 37/2015 – Income Tax Dated 10/4/2015

Notification No. 37/2015 - Income Tax (10/04/2015)

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...

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Notification No. 36/2015 – Income Tax Dated 10/4/2015

Notification No. 36/2015 - Income Tax (10/04/2015)

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 ...

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Notification No. 35/2015 – Income Tax Dated 10/4/2015

Notification No. 35/2015 - Income Tax (10/04/2015)

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, 19...

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