"17 April 2015" Archive

Notification No. 22/2015-Central Excise Dated- 17th April, 2015

Notification No. 22/2015-Central Excise (17/04/2015)

Notification No. 22/2015-Central Excise Dated- 17th April, 2015 G.S.R. (E).- In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excise Act, 1944 (1 of 1944), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in t...

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Notification No. 27/2015-Customs, Dated: April 17, 2015

Notification No. 27/2015-Customs (17/04/2015)

NOTIFICATION NO. 27/2015-Cus, Dated: April 17, 2015 In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the notification of the Government...

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Notification No. 14/2015-Customs (ADD) Dated- 17th April, 2015

Notification No. 14/2015-Customs (ADD) (17/04/2015)

Notification No. 14/2015-Customs (ADD) Dated- 17th April, 2015 Central Government hereby makes the following amendments in the notification of the Government of India, in the Ministry of Finance (Department of Revenue), No. 120/2010-Customs (ADD), dated the 1st December, 2010, published in the Gazette of India, Extraordinary, Part II, Se...

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Calculation of Median Remuneration under Companies Act, 2013 and Related Rules

Note on Median Remuneration Calculation as per Companies Act, 2013 and The Companies (Appointment and Remuneration) Rules, 2014. Overview: As per Section 197 (12) read with Rule 5 (1) (i) of The Companies (Appointment and Remuneration) Rules, 2014, the listed companies are required to provide the disclosure of the ratio of the remunerati...

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Posted Under: Excise Duty |

CPE – ‘Continuing’ or ‘Compulsory’?

Come December month and the threat of completing the ‘Compulsory’ CPE hours would be spooking out most of the practicing Chartered Accountants. CPE which stands for ‘Continuing Professional Education’ is the means by which the members of any profession harness their knowledge and skills. CPE is a structured approach to ensure that...

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Posted Under: Excise Duty |

Transit Sale – Dealer Registration is not mandatory

It has created a lot of confusion and worry in the minds of those manufacturers and dealers who receive goods directly, as consignee, from manufacturer through unregistered dealer (as buyer) and avail cenvat credit on the strength of invoice of supplier manufacturer. ...

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Sebi Grants 18 Months time to Companies of De-recognized/Non operational/exited Stock Exchanges to list in recognized Exchange

Circular No. CIR/MRD/DSA/05/2015 (17/04/2015)

The exclusively listed companies which fail to obtain listing in any other nationwide stock exchange will cease to be a listed company and will be moved to the dissemination board by the existing stock exchange. Subsequently, SEBI has been in receipt of representations from exclusively listed companies stating that although they are inte...

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Disclose details of Foreign Travel In Income Tax Return (ITR)

CA Sandeep Kanoi CBDT has vide Notification No. 41/2015 requires Assessee to Disclose in Schedule FT of ITR Details of foreign travel and expenses incurred during the year by the Assessee. This schedule is required to be filled if the assessee has undertaken any foreign travel during the previous year. The countries visited and the [&hell...

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Posted Under: Excise Duty |

e-filing of ITR Mandatory for individuals & HUFs claiming Income tax refund

As per CBDT Notification No. 41/2015 Dated 15.04.2015 Individual or Hindu undivided family has to file Income Tax Return in the following Manner if any Income Tax refund is claimed in the return of income for A.Y. 2015-16 or subsequent Years :-...

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Posted Under: Excise Duty |

CBDT mandates disclosure of all Bank Accounts in ITR

CBDT has vide Notification No. 41/2015, Dated-15th day of April, 2015 Notified ITR-1 ITR-2 ITR-4S ITR-V for A.Y. 2015-16 with several Changes. In such ITRs CBDT has for the first time required an assessee to Compulsorily provide details of all Bank account held in India (including in joint names) at any time during financial year 2014-1...

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Posted Under: Excise Duty |