"29 April 2016" Archive

Revision in TDS due date & Supporting for claim of Deduction from Salary

Notification No. 30/2016-Income Tax (29/04/2016)

26C. Furnishing of evidence of claims by employee for deduction of tax under section 192.- (1) The assessee shall furnish to the person responsible for making payment under sub-section (1) of section 192, the evidence or the particulars of the claims referred to in sub-rule (2), in Form No.12BB for the purpose of estimating his income or ...

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ICAI President's Message May 2016

The Indian accountancy profession has consolidated itself internationally to register its wise, strong and empowering global presence. Today, Th e Institute of Chartered Accountants of India produces world-class professionals who along with the desired IT and soft skills are professionally competent and fi t to work in and for internation...

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Posted Under: Income Tax |

Process-Compounding of delay In filing Resolution in Form MGT 14

AS PER SECTION-117 OF COMPANIES ACT, 2013: Sub- Section 1 of Section- 117: A Copy Of Every Resolution or any agreement, in respect of matters specified in sub-section (3) *** together with the explanatory statement under section 102, if any, annexed to the notice calling the meeting in which the resolution is proposed, shall be […]...

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Posted Under: Income Tax |

Name Approval Guidelines For Companies Under Companies Act, 2013

In old Companies Act, 1956 Ministry had issued name availability guidelines by way of (Companies (Name Availability) Rules, updated in 2011). In the new Companies Act, 2013 name availability guidelines for Company are given under Rule 8 of the Companies (Incorporation) Rules, 2014. Given below are precautions that must be kept in mind whi...

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Posted Under: Income Tax |

TDS on Commission paid to non-resident for services rendered outside India?

CIT Vs Farida Leather Company (Madras High Court)

In the instant case, it is seen, admittedly that the nonresident agents were only procuring orders abroad and following up payments with buyers. No other services are rendered other than the above. Sourcing orders abroad, for which payments have been made directly to the non-residents abroad, does not involve any technical knowledge or as...

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Your Dream Home is just a Click Away

Success has always been at your side and your passions have driven you to grow your business and look to new horizons. Live life to the fullest and build the dream home that you have always wanted. This video by Aditya Birla Finance home loan will make you re-envision yourself and set your sites on […]...

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Posted Under: Income Tax |

List of Resolution for which MGT-14 requires to be filed

Form MGT-14 requires filing for following below mention Resolutions 1. Section- 8: For a company registered under Section- 8 to convert itself into a company of any other kind or alteration of its Memorandum or Articles...

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Posted Under: Income Tax | ,

Applicability of Companies Act, 2013 based on Limits

Applicability of Provision under Companies Act, 2013 Based On Limit Sr No. Provision under Companies Act, 2013 Applicability of Provision Non-Applicability of provision 1 XBRL (General Circular No. 16/2012 Dated: 06.07.2014.) a) All companies LISTED with any Stock Exchange(s) in India. b) Subsidiaries of any Company Listed with any Stock ...

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Posted Under: Income Tax | ,

MVAT: Govt notifies Form 402A, 404A, 424A, 703, 703A,703B, 703C, 703D, 703E

Notification No. VAT. 1516/CR 64/Taxation-1 (29/04/2016)

These rules may be called the Maharashtra Value Added Tax (Third Amendment) Rules, 2016. (i) where the registration is to be cancelled under sub-clause (a) of the second proviso, the date of effect of the certificate of registration issued; (ii) where the registration is to be cancelled under the sub-clause (b) of the second proviso, the ...

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Formats under Regulation 7(3) & 40(9) of SEBI Listing Regulations

Institute of Company Secretaries of India Suggested format(s) for Certificates under SEBI Listing Regulations Attention Members! Sub. : Suggested format(s) under Regulation 7(3) and Regulation 40(9) of SEBI Listing Regulations, 2015 The Institute has developed the following formats under Regulation 40(9) and Regulation 7(3) of SEBI Listin...

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Posted Under: Income Tax |
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