We have Compiled the Format of Statutory Audit Report of Companies for Financial Year 2013-14. The report has considered the certain changes as prescribed by Institute of Chartered Accountants of India (ICAI) consequent to notification of certain sections under Companies Act, 2013. We have highlighted the changes introduced in blue for your reference :-
Form No.15G/15H is a form of declaration that has been prescribed for those persons who desire to receive certain specified income without deduction of tax at source. These forms can be used only if the aggregate income of the person making declaration does not exceed the maximum amount not chargeable to tax.
CA Sandeep Kanoi In Its pre-budget Memorandum 2014 on direct taxes ICAI has suggested that A single ITR form should be prepared. At present, we have different ITR forms for different assessees which make filing of ITR a cumbersome task. There should be a single form for all the assessees so that filing of return […]
It is noticed that compliance with procedural requirements, engagement of Depository Agencies and the need for clarity on matter like demand for poll/ postal ballot etc will take some more time. Accordingly, it has been decided not to treat the relevant provisions as mandatory till 31St December, 2014. The relevant notification in this regard is being issued separately.
Public Provident Fund (PPF) Scheme Is a scheme floated under the PPF Act 1968 by the central Government. PPF is a safe product, government backed and is a tax beneficial investment, which has low risk, and the risk is government risk.
The provisions of this circular shall be applicable for the draft offer document for issuance of debt securities filed with the designated stock exchange on or after July 16, 2014.
1. Who can use ITR 4 Return Form for Assessment Year 2014-15? This Return Form is to be used by an individual or a Hindu Undivided Family who is carrying out a proprietary business or profession. 2. Annexure-less Return Form No document (including TDS certificate) should be attached to ITR 4 Return Form. All such […]
In exercise of powers conferred by Section 5 of the Foreign Trade (Development & Regulation) Act, 1992 (No. 22 of 1992), as amended read with Para 1.3 of the Foreign Trade Policy, 2009-2014, the Central Government hereby makes the following amendment, with immediate effect, in Notification No. 73 (RE- 2013)/2009-14 dated 12.03.2014 relating to export of onion.
The Union Bank of India solicits the expression of interest from eligible parties for empanelment as Service Tax Consultants for the period 2014-2015 for handling banks Service Tax related matters. The interested firms / companies complying with following stipulations may apply specifying details of taxation services rendered by them.
Provide details of goods purchased and reported in Annexure -2A, during preceding tax period but received during the current tax period in Annexure 2A(1), The format of Annexure2A(1) shall be similar to Annexure 2 A. If you have uploaded invoice wise details of purchases in Annexure-2A, then such uploading is not necessary, provided the corresponding seller(s) have also uploaded invoice wise sale details of the transactions.
