July 7, Mumbai: AEGON Religare Life Insurance (ARLI), today, released the India report on the AEGON Retirement Readiness Survey 2014 – Changing Face of Retirement. In the 15-country online survey that was carried out jointly by ARLI’s parent company – AEGON and Cicero Consulting, India participated for the very first time and ranked first on […]
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Maharashtra Co-operative Auditors (existing Panel) – Profile Updation has been extended till 10th July, 2014. Also the following clarification has been updated; please visit for further information http://mahasahakar.maharashtra.gov.in Clarifications: Online Auditor Enrolment • Online Auditor Enrolment activity is extended up to Thursday i.e. 10th July, 2014. • Under Experience Details: Auditors may choose to upload […]
Existing Empanelled Auditors will have to update their profile by 6th July 2014 The Co-operative department, Maharashtra, has issued a circular which has been uploaded on the website of www.mahasahakar.maharashtra.gov.in. As per this notification, all the existing empanelled auditors will have to update their profile by 6th July 2014. Please take care of the following information:
SELF DEVELOPMENT OF SOCIETY BUILDINGS: 01. Majority of the residential buildings, in Mumbai, are literally above 50 years old. Some are literally dilapidated and some are in dire need for large scale repairs. Wherein in both such eventualities, very large sums of money is needed to redevelop such buildings. Further in such Society’s Balance Sheet, […]
Finance Act, 1984 introduced Section 44AB under Income-tax Act, 1961 w.e.f Assessment Year 1985-86. Under this section, if the total sales / turnover or gross receipts for previous year exceed the prescribed limits then assessee is required to get his accounts audited by an “Accountant”. This audit is popularly known as Tax Audit.
The Reverse Charge Mechanism (a.k.a. RCM) was introduced first by Notification No. 36/2004 specifying Persons liable to pay Service Tax. Where section 68(1) of the Finance Act provided, in the year 1994 that the Service Provider shall be the person liable to pay Service Tax, section 68(2) empowered the Government to prescribe Services wherein the Service Receiver instead of the Service Provider to be person liable to pay Service Tax.
A plain reading of the Section 269SS indicates that (the import of the above provision is limited) it applies to a transaction where a deposit or a loan is accepted by an assessee, otherwise than by an account payee cheque or an account payee draft.
CA Sandeep Kanoi From Media news it is learnt that Finance Minister may raise rate of service tax from 12% to 14% in its Budget for 2014-15 to be presented in Lok Sabha on 10th July 2014. It will be a challenge for the finance minister to Increase the rate of service tax when economy […]
The Companies Act, 2013 has delineated distinct role for company secretaries either in practice or employment and confers distinction on them. They are broadly three kinds of key managerial personnel, namely chief executive officer, chief finance officer and company secretary.
