Nidhi is the safest and the cheapest way of raising funds from the General public. The most important thing is that you don’t require Reserve Bank of India (RBI) approval for this Company. The alternatives of Nidhi (like Non Banking Financial Companies (NBFC’s) will need a capital of at least two crores) are very costly. Through, very business friendly, Nidhi is yet to be common between the business communities.
Reap what you sow. One should plan the precious time to win his future and earn enough money and wealth. A farmer tills the soil, sows seeds and does all that is required for getting a good crop. Hard work yields knowledge, experience, and happy life. Ants and bees store the food through toil and time. Lazy and wayward student loses the future. One can wait, but time doesn’t.
Provisions related to the documents including the road permits to be carried with the goods in movement from outside the state or to outside the state are provided under Sec 76 to Sec 79 of RVAT Act 2003. Going through these sections read with Rule 52 to 57 of Rajasthan Value Added Tax Rules 2006 will clear in our mind the complete scenario of the formalities to be done while sending goods outside the state or importing goods from outside the state. Let us discuss these sections one by one.
In exercise of the powers conferred by sub-sections (1) and (2) of section 79 of the Limited Liability Partnership Act, 2008 (6 of 2009), the Central Government hereby makes the following rules further to amend the Limited Liability Partnership Rules, 2009 namely:-
Taxes on labour income for the average worker across the OECD remained stable at 35.9% in 2015, ending a series of steady annual increases dating to 2011, according to a new report.
Any service provided by Government or a local authority to a business entity has been made taxable w.e.f 1st April 2016. Post Budget 2016, representations have been received from several quarters including business and industry associations in respect of various aspects pertaining to the taxation of such services. Accordingly, the following clarifications are issued:-
In its commitment to release ITR timely and also to comply with Hon’ble Punjab High Court Direction as given in the case of Vishal Garg & Ors. Vs. Union of India & Anr CBDT has further e-filing utility of ITR 4 and ITR 5 for AY 2016-17. CBDT has earlier released e-filing utility for ITR 1 […]
Creation of a panel of Cost Accountant Firms for sending to RBI for its consideration for Stock / Concurrent Audit in the banks. A panel consisting of list of eligible Cost Accountant Firms would be formed and sent to RBI so that they may examine and consider the same for recognizing them for audit work in banks in India.
CBEC instructs that file and notes on the file should not only be concise but should also contain the details of minutes recorded in a case. Fixing/ Re-fixing of personal hearing is a vital step towards the disposal of the case by the quasi judicial / appellate authority. There can be no casual approach towards it.
In case of services provided by the Government or local authority to any business entity, the point of taxation shall be the earlier of the dates on which, – (a) any payment, part or full, in respect of such service becomes due, as specified in the invoice, bill, challan or any other document issued by the Government or local authority demanding such payment; or (b) payment for such services is made.
