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Archive: 01 May 2015

Posts in 01 May 2015

PM Letter to Small Businessmen on Budget 2015

May 1, 2015 694 Views 0 comment Print

I am aware of how difficult it is for you to get loans, and the high interest rates you have to pay for the same.l can feel your distress when the existing banking system is not of much help. We are thus setting up the MUDRA (Micro Units Development Refinance Agency) Bank to ensure that you get loans at an affordable rate, with minimal paperwork.

PM Letter to Senior Citizens on Budget 2015

May 1, 2015 1704 Views 0 comment Print

Many of you belong to that privileged generation which has had the honour of contributing to both India’s independence, as well as its consequent nation building. We are what we are today because of you. And for this, we are all deeply proud and eternally indebted to you.

Excise Assessee to update PAN, email-id & mobile no. by 31/05/2015

May 1, 2015 2398 Views 0 comment Print

All Central Excise registrants, except Government Departments, not having PAN based registration number shall file an amendment and obtain a PAN based registration on or before 31/05/2015. (refer notification no.7/2015 CE(NT) dated 1/3/2015 ).

File Service Tax registration amendment before 31/05/2015

May 1, 2015 4004 Views 0 comment Print

All Service Tax registrants, except Government Departments, not having PAN based registration number shall file an amendment and obtain a PAN based registration on or before 31/05/2015. (refer Order no.1/2015-Service Tax dated 28/02/2015). E-mail and mobile number mandatory: The applicant shall quote the email address and mobile number in the requisite column of the application […]

6 Common tax mistakes that most startups make

May 1, 2015 2434 Views 0 comment Print

These days there is a flurry of new businesses or start-ups being launched. As a start-up, you won’t want to get into a legal tangle especially with a very aggressive tax regime and a long incorporation process. To make sure your new business is handling its regulatory, tax obligations properly, run through these common mistakes that most start-ups make:

'Extremely simplified' tax form soon, says FM

May 1, 2015 1160 Views 0 comment Print

An extremely simplified income tax return form  (ITR) will soon replace the controversial 14-page ITR 1 that sought information like all bank accounts and foreign trip details, Finance Minister Arun Jaitley announced in the Lok Sabha on Thursday.

Directorship in more than 20 Companies after 01.04.2015 Penalty up to 25000 per day

May 1, 2015 7234 Views 0 comment Print

CA Sandeep Kanoi Section 165 of Companies Act, 2013 which comes into effect from 1st April 2014 provides that a person cannot  hold directorship in more than 20 Companies and out of these 20 he cannot be Director in more than 10 Public Companies. For this purpose, holding or subsidiaries of private companies shall be […]

Withdrawal of Duty Free Import Authorisation (DFIA) Scheme for import of raw Sugar

May 1, 2015 690 Views 0 comment Print

DGFT Public Notice No.07/2015-20, Dated: May 1, 2015 Import of ‘raw sugar’ under Duty Free Import Authorisation (DFIA) scheme is withdrawn with immediate effect.

Delhi VAT- Regarding State bank of Patiala

May 1, 2015 643 Views 0 comment Print

No.F.7(400)/Policy/VAT/2011/PF/142-155 Dated : 01-05-2015 The Authorisation of State Bank of Patiala, in addition to the RBI’s regulations, shall further be subject to the conditions mentioned in notification No.F.7(400)/Policy/VAT/2014/1387-98 dated 28/03/2014.

Usage of Digital Signature Certificate in Remote EDI filing (RES) of Customs Documents – reg.

May 1, 2015 1023 Views 0 comment Print

Circular No. 10/2015-Customs dated 31st March, 2015 The Government has prioritized trade facilitation and creating an environment for ease of doing business. In this direction several initiatives have been taken in the recent past to simplify Customs procedures and enhance the use of automation in business processes with resultant reduction in transaction costs and dwell time associated with the Customs clearance of imported and export goods.

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