Avinash Gupta V/s Union of India and Ors (Delhi High Court) , W.P.(C) 9032/2015 As per information received from Appellant CA Avinash Gupta, While hearing the above case on the matter of extension of due date of Tax Audit Report and Income Tax Return Filing, Hon;ble High Court has interalia issued directions to CBDT To notify ITR Forms on or before 1st day of the assessment year and to record reason for delayed release of ITR if it fails to release ITR on time.
Notification No. 74/2015 – Income Tax section 10 of the Income -tax Act, 19161 (43 of 1960, the Central Government hereby declares that any income arising to Mi’s Thales Systemes Aeroportes SAS, having its office at S.A. au capital de 81 007 176 Euros RCS
The Companies Act, 2013 requires companies to compute the depreciation in accordance with the Schedule II to the Companies Act which provides useful lives to compute the depreciation. Accordingly, provisions governing charge of depreciation in the erstwhile Schedule XIV to the Companies Act, 1956 have been replaced with Schedule II to the Companies Act, 2013.
It has been decided henceforth that stock taking will not be allowed to any retail private vends licencees as well as Corporation vends. Therefore, final opportunity is hereby given to all retail licencees that they will take the stock before 25.09.2015. Thereafter, no stock take sold will be allowed. Thereafter no assumption of stock take sold will be available for the left over stock. If any stock in the liquor vends is found as stock take sold it would be considered as repeat stock and strict action like prosecution and cancellation of licence would be taken.
A family is an anchor during rough waters. So, what are you doing to be the anchor? It’s quiet obvious that you are doing your best to offer a life of ease to your family; however, have you considered safeguarding your family’s health in case a situation of crisis comes up? If not, now is the time!
Explanation of section 151(1) defines ‘small shareholder’ as a shareholder holding shares of nominal value of not more than twenty thousand. Here person elected by small shareholder as ‘director’ may or may not be a shareholder of a company but a person electing such ‘director’ shall be the ‘small shareholders’.
The more free the mind, the more we can cultivate good thoughts into being. But our minds are full of clutter. We worry more about what others are doing, whether it concerns us or not. We judge people. We conclude how a person is based on whatever we come to know about them.
Officers of the Directorate General of Central Excise Intelligence (DGCEI), Chennai Zonal Unit, Chennai arrested the Director of a Limited Company based at Chennai providing Information Technology Software Service and Internet Communication Service, for collecting Service Tax of Rs.2.94 crores from 2010-2011 to 2014-2015 and not remitting the same to the Government Exchequer.
In a recent decision dated 22.09.2015, rendered in the case of Jyoti CNC Automation Ltd. v/s the State of Gujarat, the Gujarat Value Added Tax Tribunal has held that C Form cannot be disallowed merely on the basis of data available on tinxsys [tax information exchange system] website without investigating the authenticity of the form.
It has been held in case of COMMISSIONER OF CUSTOMS (IMPORT), RAIGAD V/s. M/S. FINACORD CHEMICALS (P) LTD. & ORS by supreme court that,As per the Department, these imports were under invoiced at pound 1.40 per litre whereas the actual price of the said goods was pound 3.78 per litre.
