NOTIFICATION NO. 19/2015-Customs (ADD), Dated: May 20, 2015 Seeks to levy definitive anti-dumping duty on imports of Sodium Citrate, originating in or exported from China PR for a period of five years.
CBDT issues a Circular for Early and Satisfactory Resolution of Taxpayers’ Grievances Relating to Verification and Correction of Tax Demand Outstanding against them. The Income Tax Department has taken note of grievances of taxpayers arising on account of outstanding tax demand which may be inaccurate due to non-reporting or delayed reporting of TDS by deductors […]
The Union Finance Minister Shri Arun Jaitley, while responding to the discussions on the Finance Bill in Rajya Sabha on 7th May, 2015, had announced the constitution of a Committee headed by Justice A.P. Shah to look into the issue of Minimum Alternate Tax (MAT) on
Before proceeding onto the areas wherein the change in rate of service tax will have its effect, let us have a brief on the Finance Bill 2015 which proposed for the said changes in regards to the subject matter. Clause 106 of the Finance Bill, 2015 and paragraph 3 of JS (TRU-II)D.O.F.No.334/5/2015-TRU, New Delhi, May […]
kindly clarify your stand and action taken against insertion of names, photograph used in sending of SMSs/E-mails pertaining to activities of Committees from the official mechanism of ICAI and on banners displayed at the seminars.
About Annual Return- Under section-92 of the companies act, 2013 deals with the annual return of the company. Every company needs to file this with the ROC within 60 days from the date of AGM of the company. Preparation of Annual Return- Every company shall prepare Annual Return in Form No.MGT-7.
As per the provisions of The Companies Act 2013 & Secretarial Standards-I issued by ICSI a company should conduct at least 1 (One) meeting in a quarter i.e. 4 (four) meetings a year (Except One Person Company). Where the company holds only 1 meeting (just complying with the mandatory requirement) in a quarter, the items/proposal which may require urgent approval & implementation would have to wait till next board meeting & this may adversely affect profitability.
What is high profit – while determine operating profit for the purpose of TNMM, we have to ascertain the profit earned by enterprise for the basis of comparison. Similarly, we have to ascertain the profit of Compare Company for the purpose of comparison. It is also a part of FAR Analysis.
Punjab & Haryana High Court in the case of The Jalandhar Iron and Steel Merchants Association(Regd), Jalandhar vs State of Punjab has held that the State Government did not have power to legislate Rule 21(8) of Punjab VAT Rules, 2005 before 01.04.2014 so as to restrict ITC on stock of iron and steel goods as existing on the date of reduction of tax on such goods.
Need of Secretarial Standards: Due to following reason, need of Secretarial Standard becomes more inevitable: – Issues where the law is not clear; – Issues where the law is subject to multiple interpretations; – Issues where multiple/divergent practices exist though the law is clear – Secretarial Standards are to integrate, harmonise, standardize and streamline such practices followed by the Company.
