In case of allocation above Rs.250 crore; a minimum of 5 such investors and a maximum of 15 such investors for allocation upto Rs.250 crore and an additional 10 such investors for every additional Rs.250 crore or part thereof, shall be permitted, subject to a minimum allotment of Rs.5 crore per such investor
In the case of ACIT Vs. M/s Supersonic Turner Pvt. Ltd., Jaipur Bench of ITAT have held that where ESI/PF received from the employees was deposited late but before the due date of filing return of income u/s 139 (1) the amount cannot be disallowed u/s 43B or 36 (1) (va).
The online Form Delhi Sugam-2 (DS2), shall be filed for each vehicle before its entry in Delhi by each registered dealer, whose goods are carried in that vehicle.
It has been noticed in the recent past that some dealers enter into contract or agreement with fellow unscrupulous dealers, with a motive to evade tax or to claim undue refund or to pass on input tax credit without payment of due tax. In some cases, such dealers are found to be indulging in downloading of Central Forms against fictitious inter-state purchases of huge amount.
Sec 188 of Companies Act, 2013 is applicable from 1st April, 2014. Due to its complicated enactment & Rules thereof, many a times students as well as professionals in industry & practice finds it difficult to get a crystal clear idea regarding its applicability, implementation, effect and compliance.
The Stock Exchanges and Depositories are directed to bring the contents of this circular to the notice of the Stock Brokers and Depository Participants respectively and also disseminate the same on their websites.
F.No.225/246/2014/ITA.II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi the 10th September, 2015 OFFICE MEMORANDUM Subject:- Committee to study the feasibility of the recommendations regarding group assessment and system of peer review before assessment – regarding. Board has constituted a Committee for examining feasibility of recommendations of […]
ITAT Mumbai has held in the case of ACIT vs. M/s Venus Jewel that Loss on account of forward contract entered into by the assessee to hedge against the loss arising on account of fluctuations in foreign exchange is an allowable deduction.
1) Meaning of Small Scale Exemption. Under the provisions of the Central Excise Act a Small Scale Industry is one whose aggregate value of Turnover does not exceed Rs. One Hundred and Fifty Lakhs made on or after the 1st day of April in any financial year.
Your attention has been drawn for seeking extension of the Tax Audit date of 30th September 2015 on a ground of totally unjustified expectations from the fraternity of Chartered Accountants to complete their job within 23 days against statutory availability of 183 days.
