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Liberalised Remittance Scheme for resident individuals-Increase in limit from USD 75,000 to USD 125,000

June 3, 2014 2431 Views 0 comment Print

As indicated in paragraph 13 of the Second Bi-Monthly Monetary Statement, 2014-15, it has now been decided to enhance the existing limit of USD 75,000 per financial year (April-March) to USD 125,000 with immediate effect. Accordingly, AD Category –I banks may now allow remittances up to USD 125,000 per financial year, under the Scheme, for any permitted current or capital account transaction or a combination of both.

Registers under Companies Act 2013 in EXCEL Format

June 3, 2014 249823 Views 37 comments Print

I have complied following Registers and forms to be maintained by a Company under the Companies Act,2013 Read with New Companies Rules. Form MBP – 2 – Register of loans, guarantee, security and acquisition made by the company.Form MBP – 3 – Register of investments not held in its own name by the company

CBDT notifies U/s. 80G(2)(b) ‘Sivasuriyaperuman Temple, Tamil Nadu’

June 3, 2014 1670 Views 0 comment Print

Notification No. 29/2014-Income Tax In exercise of the powers conferred by clause (b) of sub-section (2) of section 80G of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies “Sivasuriyaperuman Temple, Suriyanarkoil, Thiruvaidaimarudur Taluk, Thanjavur District, Tamil Nadu”, to be a place of public worship of renown throughout the State of Tamil Nadu for the purposes of the said section.

No Change in date of examination scheduled for 3rd and 4th June, 2014 – ICAI

June 3, 2014 1792 Views 0 comment Print

Certain enquiries are being received as regard to the holding of examinationon 3rd & 4th June, 2014. In this connection, attention of the candidates of CA Examinations May, 2014and other stakeholders is invited to the Notes for information of the candidatesmade available with the examination application form that there will be no change in the date/s of examinations on account.

Validity of Rule 21(8) of Punjab Vat Rules

June 2, 2014 2498 Views 0 comment Print

Introduction Of Rule 21 (8) Under The Punjab Vat Rules Inserted Vide Notification Dated 25.01.2014 W.E.F 01.02.2014 Is Ultra Vires As The Same Is Violative Of Article 14, 19(1)(g), 286 Of The Constitution Of India & Section 15 (b) Of The Central Sales Tax Act 1956. That Rule 21 (8) which has been introduced w.e.f. […]

Companies (Removal of Difficulties) Third Order, 2014. – Dated 2-6-2014 – Companies Law

June 2, 2014 1063 Views 0 comment Print

S.O. 1429(E).—In exercise of the powers conferred by sub-section (I) of Section 470 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following Order, namely:-

Companies (Removal of Difficulties) Second Order, 2014 – Dated 2-6-2014 – Companies Law

June 2, 2014 1192 Views 0 comment Print

Jurisdiction, Powers, authority and functions of Company Law Board.- Until a date is notified by the Central Government under sub-section (1) of Section 434 of the Companies Act, 2013 (18 of 2013), the Company Law Board constituted in pursuance of sub-section (1) of Section 10E of the Companies Act

CPC(TDS) Offers Tips for Faster Answers

June 2, 2014 5445 Views 0 comment Print

CPC(TDS) apprises you that the current period marks the busiest weeks of downloading and distributing TDS Certificates for Q4, FY 2013-14. This also marks a peak time in the number of calls and queries to CPC(TDS). We encourage deductors to  visit TRACES as the best place to get quick help to find answers to frequently […]

All about Types of bank accounts which can be maintained by an NRI / PIO in India

June 2, 2014 4770 Views 0 comment Print

What are the different types of accounts which can be maintained by an NRI/PIO in India? If a person is NRI or PIO, she/he can, without the permission from the Reserve Bank, open, hold and maintain the different types of accounts given below with an Authorised Dealer in India, i.e. a bank authorised to deal in foreign exchange. NRO Savings accounts can also be maintained with the Post Offices in India.

CMA President's Communique for June 2014

June 2, 2014 751 Views 0 comment Print

On behalf of the Council of the Institute, CMA fraternity and on my personal behalf, I congratulate Hon’ble Shri Narendra Modi for taking charge as the 15th Prime Minister of India. The Institute appreciates the 10 Point Road Map given by Hon’ble Prime Minister to steer the economy on the path of inclusive growth.

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