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Govt. invites Suggestions for Budget 2014-15 regarding changes in direct and indirect taxes

April 17, 2014 613 Views 0 comment Print

F.No.334/8/2014-TRU In the context of formulating the proposals for the Union Budget 2014-15, the Ministry of Finance would like to be benefited by the suggestions and views of your Association. You may, therefore, like to send your suggestions for changes in the duty structure, rates and broadening of tax base on both direct and indirect taxes giving economic justification for the same. Suggestions may also be given for simplification and rationalization of duties and taxes.

FAQs on computation of VAT liability of developers after SC judgment in case of L&T Ltd.

April 17, 2014 17611 Views 0 comment Print

The stages mentioned and percentage deduction provided for various stages of construction are based upon the recommendations of the Public Works Department of Government of Maharashtra.

Time to plan your Income and Taxes for 2014-15

April 16, 2014 12697 Views 0 comment Print

Plan your income and taxes for the 2014-15 financial year. Discover tax-saving instruments and strategies to reduce your tax liability with Section 80C.

Act of Non CAs to Approach CAs to get Tax Audit report signed for Audit not conducted by them is unethical – ICAI

April 16, 2014 10790 Views 0 comment Print

In case of Corporates, chartered Accountants are getting fees in the range of Lakhs, but in non-corporates cases, they get fees in the range of Thousands only. Therefore, CA’s make best combination of tax audit assignments to sign tax audit reports under section 44AB to yield Revenue.

e-voting under Companies Act, 2013 & Rules,2014

April 16, 2014 141045 Views 8 comments Print

On the whole electronic voting replaces the Postal ballot process and saves time and cost of the company .It also helps the shareholders to cast their vote from anywhere and at anytime. In the e-voting process, role of scrutinizer will go under paradigm shift as there will be no physical collecting and counting of ballot papers, verification of signatures and rejection of invalid votes, if any

Foreign Direct Investment in Limited Liability Partnership

April 16, 2014 1141 Views 0 comment Print

It has now been decided that Limited Liability Partnership (LLP) formed and registered under the Limited Liability Partnership Act, 2008 shall be eligible to accept Foreign Direct Investment (FDI) subject to the conditions given in Annex I.

CBEC invite comments to make CESTAT appeal forms more simple

April 16, 2014 697 Views 0 comment Print

Comments/Suggestions invited to make the CESTAT appeal forms more simple, user friendly and useful for creation of data base. Reply may be sent at [email protected]

Brief on Copyright Act, 1957

April 16, 2014 74182 Views 0 comment Print

Copyright ensures certain minimum safeguards of the rights of authors over their creations, thereby protecting and rewarding creativity. Creativity being the keystone of progress, no civilized society can afford to ignore the basic requirements of encouraging the same.

Amends Notification No. 36/2001-Customs (N.T.), Dated: 03.08.2001

April 15, 2014 340 Views 0 comment Print

In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise & Customs, being satisfied that it is necessary and expedient so to do, hereby makes the following amendment in the

ONE PERSON COMPANY – Legal Provisions & Brief Comparison

April 15, 2014 8307 Views 0 comment Print

As defined in Section 2 (62) of the Companies Bill, 2013, One Person Company means a company which has only one person as a member.

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