Notification No 15 /2015-2020 Import of above ‘Controlled Substances’ shall be permitted subject to ‘No Objection Certificate (NOC)’ from Narcotics Commissioner of India, Gwalior.
A returns scrutiny process consists of two parts viz. preliminary scrutiny and detailed scrutiny. While the preliminary scrutiny system covers all the returns filed online, detailed scrutiny system covers a few returns selected on the basis of identified risk parameters.
General Circular No. 11/2015 It is clarified that a company holding a general meeting after giving a shorter notice as provided under section 101 of the Act may also circulate financial statements (to be laid/considered in the same general meeting) at such shorter notice.
The Electronic filing of Form 6 under The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act 2015 has been enabled under the menu “e-File” after login. Taxpayers are requested to e-File Form 6 during the compliance window which ends on September 30, 2015.[Refer Notification No. 58/2015 dated 02/07/2015]
Restriction on the intellectual property in designs and drawings sold by the assessee for the purpose of setting up a plant in India does not change the character of the transaction from the sale of the product to the use of licence/know-how.
ITAT Chennai has held in In the case of Dishnet Wireless Limited vs. DCIT that No liability of TDS will arise if the amount of expense or payee is not ascertainable though year-end provisions are made by the Appellant.
Under Rule-6 (1)- CENVAT credit shall not be allowed used in or in relation to manufacturing of exempted goods and services. Manufacturer or service provider is obliged to maintain separate account of input and input services for various activity. The CENVAT credit Rules made to facilitate assesses to reverse the CENVAT on exempted goods in proportion or adhoc reversal of 7% and 6% to service provider and manufacturer of goods.
Advocate Anandaday Misshra The era of Goods & Service Tax (GST) has started with three notifications on 17th July 2015. The idea is to check the breaking of chain for the purpose of GST. It is pertinent to note that more or less, similar and/or same proviso has been inserted in 3 notifications i.e. 34/2015-C.E, 35/2015-C.E […]
Lot of students asks me the options available to them while they are doing CA or after completing CA. And one of the most asked question is ‘should they go for a CFA degree’. The reason of writing this article is not to tell you how to do CFA and what’s involved in it, but more about ‘Why CFA’.
Section 92 of the Companies Act, 2013 ( as enforced and amended) provides that every company shall prepare a return (hereinafter called as Annual return) in the prescribed form containing particulars as they stood at the end of financial year. Section 92(3) of the Companies Act, 2013 provides that an Extract of the Annual Return in such form as may be prescribed shall be part of Board’s Report.
