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Problems Related to PAN while registering on Income Tax e-filing website

September 2, 2015 56073 Views 22 comments Print

I’m not able to register, as I get an error message Invalid PAN details. What should I do? A: It is possible that you’re typing in the Name details differently from what you have mentioned while applying for PAN card. Please call ASK, 1800 180 1961 and get the correct details and then try registering in the e-Filing application.

Cost Audit report filing date extended to 30th September, 2015

September 1, 2015 1960 Views 0 comment Print

ln continuation to General Circular No.08/2015 dated 12.06.2015 , the last date of filing of Form CRA-4 without any penalty/late fee is hereby extended upto 30th September, 2015.

If substantial amount for new property is paid, exemption u/s 54 is available even if actual construction is not completed

September 1, 2015 3637 Views 0 comment Print

In the case of Shri Hasmukh N. Gala vs. ITO, ITAT has held that if assessee has invested substantial amount in new property, also received letter of allotment for new property then AO can’t denied exemption available u/s 54 of the Income Tax Act 1961.

TODAY is the day to be HAPPY

September 1, 2015 1319 Views 0 comment Print

Self-talk is the best way to come in terms with truths of our lives. We have all heard ourselves talk. I’ll be happy when I get that car, I’ll be happy when I pass my exams, I’ll be happy when I find my true love, I’ll be happy when i…. why is our happiness always planned in future? How are you so sure that when you get that particular thing, it will make you happy?

Brief Overview of Proposed Changes in Arbitration And Conciliation Act, 1996

September 1, 2015 1696 Views 0 comment Print

The Indian Judiciary has been criticised for a domineering approach in arbitration, particularly when it involves a foreign party. Some recent judgments passed by the Indian courts have created some controversy and confusion on the law governing arbitration. Arbitration in India is inundated by unreasonable delays, high costs, and delay in enforcement of the award.

Highlights of Black Money Act, 2015

September 1, 2015 9357 Views 4 comments Print

Komal Tyagi ⇒ It extends to whole of India & shall come into force on the 1st day of April 2016. ⇒ Basis of charger – There shall be charged on every assessee for every assessment year commencing on or after 1st day of April’16, a tax in respect of his total undisclosed foreign income […]

All Encompassing Board Report for Indian Companies

September 1, 2015 576 Views 0 comment Print

The Board’s Report or Directors’ Report is where the Directors state their views on a Company. While any information which is materially important is expected to be stated in the Board’s Report, applicable laws put forth requirements as to what the Report should contain. With the inception of Companies Act, 2013 (“the Act”), Director’s Report […]

Guidelines for Use of Individual Logo by Company Secretaries in Practice

September 1, 2015 5122 Views 0 comment Print

The Council of the Institute of Company Secretaries of India at its 230th meeting held on 17th June, 2015 approved the following Guidelines for Use of Individual Logo by Company Secretaries in Practice.

All about Payment Banks

September 1, 2015 1526 Views 0 comment Print

Recently, the Reserve Bank of India released the list of 11 companies permitting them to set up Payment Banks. Airtel, Vodafone, Mukesh Ambani led Reliance, Tech Mahindra, India Post and Paytm were among the 11 companies.

Advantages and Disadvantages of a Franchise Business

September 1, 2015 2405 Views 0 comment Print

Starting a new business from scratch isn’t easy. There are many legal aspects to be taken care of while forming a new company. A franchise business thus paves the way for achieving your goals through the help of an established business.

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