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OPC – One Person Company – The next big thing

April 27, 2014 38959 Views 6 comments Print

OPC provides a whole new bracket of opportunities for those who look forward to start their own ventures with a structure of organized business. OPC will give the young businessman all benefits of a private limited company which categorically means they will have access to credits, bank loans, limited liability, legal protection for business, access to market etc all in the name of a separate legal entity.

Exposure Draft of Accounting Standard for Local Bodies (ASLB) 3 on 'Accounting Policies, Changes in Accounting Estimates and Errors' for public comments.

April 26, 2014 1618 Views 0 comment Print

Exposure Draft of the Accounting Standard for Local Bodies (ASLB) 3 on ‘Accounting Policies, Changes in Accounting Estimates and Errors’ for public comments. As you would kindly be aware that the Institute of Chartered Accountants of India (ICAI), in the year 2005, constituted the Committee on Accounting Standards for Local Bodies (CASLB) with the primary […]

Simple ways to avoid Defaults in TDS Statements

April 26, 2014 10854 Views 0 comment Print

We can easily avoid Defaults in TDS statements, by way of adherence to the following basic principles: · Timely Payment of total taxes deducted/ collected · Correct Reporting with regard to PANs, Tax Rate and Challans · Complete Reporting for all Deductees · Timely filing of TDS Statements

Notification No. 35/2014-Customs (N.T.), Dated: 25.04.2014

April 25, 2014 964 Views 0 comment Print

In exercise of the powers conferred by sub-section (1) of section 4 and sub-section (1) of section 5 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs hereby appoints the Additional Commissioner of Customs, Inland

Notification No. 34/2014-Customs (N.T.), Dated: 25.04.2014

April 25, 2014 361 Views 0 comment Print

(i) the Additional Commissioner of Customs, Hyderabad-II Commissionerate, 7th Floor, Kendriya Shulk Bhavan, L.B.Sadium Road, Basheerbagh, Hyderabad ; (ii) the Additional Commissioner of Customs (Import-Sea), Custom House, 60, Rajaji Salai, Chennai,

Notification No. 33/2014-Customs (N.T.), Dated: 25.04.2014

April 25, 2014 457 Views 0 comment Print

In exercise of the powers conferred by sub-section (1) of section 4 and sub-section (1) of section 5 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs hereby appoints the Additional Commissioner of Customs

Unlisted cos. raising funds abroad to comply with SEBI’s disclosure norms at time of listing in India

April 25, 2014 1695 Views 1 comment Print

This Scheme may be called the issue of Foreign Currency Convertible Bonds and Ordinary Shares (Through Depositary Receipt Mechanism) (Amendment) Scheme, 2014.

Download EPF pension Calculator

April 25, 2014 122385 Views 113 comments Print

BENEFITS OF PENSION SCHEME a. An Employee is eligible for Pension after 10 years of service. b. The Pension is payable on attaining the age of 58 years, whether he is in service or superannuated. c. Early Pension at reduced rate can be availed on leaving the employment, after attaining the age of 50 years. […]

ICSI issues draft guideline on use of Individual Logo by Company Secretaries in Practice

April 25, 2014 4248 Views 0 comment Print

The Practising Company Secretaries Committee of the Council of the Institute in its 64th meeting held on April 23, 2014 held at ICSI headquarters, New Delhi has decided that the views and suggestions on the draft Guidelines for Use of Individual Logo by Company Secretaries in Practice, be obtained from all ICSI members.

How to ensure correct credit of TDS to dedcutee & generation of TDS certificate

April 25, 2014 6784 Views 0 comment Print

As the due date for filing quarterly TDS statement for 4th quarter is approaching close,TDS deductors must take note of following important information before submitting TDS statements to ensure that the deductees are able to correctly claim TDS Credits and for generating correct TDS Certificates.

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