An Advisory Committee constituted under Section 29B(2C) of the Industries (Development & Regulation) Act, 1951 on de-reservation periodically evaluates products /items reserved for exclusive production by Micro and Small Enterprises. India has opened up its economy since 1991 through a forward looking Policy which led to de-licensing of items. Over the years list of items […]
Application Guide on the provisions of Schedule II to the Companies Act 2013 by Corporate Laws & Corporate Governance Committee – (10-04-2015) Keeping in view the changing economic environment as well as the growth of our economy, the Companies Act, 2013 was enacted to improve corporate governance and to further strengthen regulations for the companies. […]
CIRCULAR NO. 13/2015- Cus., Dated: April 13, 2015 The Government has in recent times taken a number of measures to create an environment for ease of doing business and trade facilitation. The measures include the simplification of Customs procedures, reduction of documents, message exchange between Government agencies engaged in Customs clearance, and use of digital signature for electronic submission of Customs process documents.
2. Penalties – Violation of the provisions of the proposed new legislation will entail stringent penalties. 2.1) Penalty for Non-Disclosure: The penalty for non-disclosure of income or an asset located outside India will be equal to three times the amount of tax payable thereon, i.e., 90 percent of the undisclosed income or the value of the undisclosed asset. This is in addition to tax payable at 30%.
1. Reimbursement of Technical Expenses to Head office: Bureau Veritas-Indian Division vs. ADIT : The Assessee was a French company which operated in India through its Indian Division.
Applications are invited from Chartered Accountants firms/ LLP as per gradation by RBI for carrying out Concurrent Audit on full time, contractual basis (renewable every year, at Bank’s discretion) at its selected Branches / Offices / Credit Processing Centers (CPCs). Last date for receipt of Applications: 30.04.2015
Tax-deduction under Section 80C of Income Tax Act on deposits made after 15 years in PPF account without exercising option for continuance of account:- Paragraph 9(3A) of PPF Scheme, 1968 provides for continuance of account on the expiry of 15 years for a block period of 5 years and so on, if the subscriber exercises an […]
MCA have issued an order to be called as Companies (Auditor’s Report) Order, 2015 (referred to as CARO, 2015) dated 10th April, 2015 specifying only 13 matter required to be specified in the Auditor’s Report for the financial year ending 31st March, 2015.
Notification No. 12/2015-Customs (ADD) Dated 11th April, 2015 Central Government hereby makes the following further amendments in the notification of the Government of India, in the Ministry of Finance (Department of Revenue), No. 98/2010-Customs, dated 28th September, 2010, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 783(E), dated 28th September, 2010, namely:-
Notification No. 11/2015-Customs (ADD) Dated- 11th April, 2015 ntral Government had imposed provisional anti-dumping duty on the subject goods vide notification of the Government of India in the Ministry of Finance (Department of Revenue), number 40/2014-Customs (ADD), dated the 16th September, 2014, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 664 (E), dated the 16th September, 2014;
