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Income Tax Ready Reckoner – For Last minute Tax Planner

March 27, 2014 7452 Views 0 comment Print

With zeal I filled in my Investment Plans for the year in the month of April last year, gleaming at the extra bucks that would come “In hand” every month. The “Plans” readily accepted by the HR Department and duly complied with in my monthly take home! In my zeal to meticulously spend those extra […]

Companies Act, 2013- Sections & schedules effective from 01.04.2014

March 27, 2014 15654 Views 0 comment Print

Vivek Rajan. V Companies Act, 2013- Journey so far The Ministry of Corporate Affairs [MCA] by notification dated 12th September 2013 had appointed 12th of September 2013 as the date on which certain provision of the Companies Act, 2013 shall come into force. Further, the MCA followed it up with notification dated 27th February 2014, […]

CBDT promotes 18 CCIT/DGITs to the grade of Principal CCIT

March 27, 2014 2058 Views 0 comment Print

The CBDT has vide Order No. 48 of 2014 dated 27.03.2014 promoted 18 officers in the grade of Chief Commissioner/Director General of Income Tax to the grade of Principal Chief Commissioner of Income Tax (CCIT) in the Pay Scale of Rs. 80,000/- with effect from the date of assumption of charge of the post and until further orders.

Procedure for Surrender and Cancellation of Service Tax Registration

March 27, 2014 185522 Views 23 comments Print

1. Provisions of sub-rules (7) and (8) of the Rule 4 of the Service Tax Rules, 1994, provides for surrender of  Registration certificate in the case of an assessee who ceases to provide the taxable for which he is registered. The Superintendent of Central Excise after ensuring that the assessee has paid all the Service […]

US Custom officer jailed for allowing smuggling of 30,000 kilograms of drugs

March 27, 2014 1274 Views 0 comment Print

U.S. Attorney’s Office March 24, 2014 Southern District of California (619) 557-5610 Veteran U.S. Customs and Border Protection Officer Lorne “Hammer” Jones was sentenced today by U.S. District Judge Marilyn Huff to seven and a half years in custody for his role in a decade-long crime spree in which he sold his badge to alien-smuggling […]

SC Judgment in the case of Muzaffarnagar riots

March 27, 2014 1690 Views 0 comment Print

These writ petitions and other connected matters relate to the riots that broke out on the fateful day of 07.09.2013. The riots erupted in and around District Muzaffarnagar, Uttar Pradesh as a result of communal tension prevailing in the city, which wrecked lives of a large number of people who fled from their homes out of anxiety and fear.

All about Income Tax Returns

March 27, 2014 7520 Views 0 comment Print

The forms used to file details of income taxes payable and Paid with Government are known as Income Tax Returns. Online Tax returns are set up in an excel worksheet & Java Formats, where the income figures are used to calculate the tax liability of persons. Tax returns must be filed every year for an individual or business that received taxable income during the year, whether through regular income (wages), interest, dividends, capital gains, or other profits.

Reporting and Accounting of March Govt tax Transactions – Special Arrangements – RBI

March 27, 2014 664 Views 0 comment Print

These scrolls alongwith the copies of daily summary of Receipts and Payments prepared separately for March 2014 transactions will be forwarded to the Departmental Officials concerned (i.e. Zonal Accounts Officers/Pay and Accounts Officers and Designated Officers) in the usual way.

Section 23 of NDPS Act not applies to transport of Indian ganja – SC

March 27, 2014 4292 Views 0 comment Print

Hon’ble SC ruling on UOI Vs. Sheo Shambhu Giri; Section 23 of NDPS Act – import, export, transhipment offenses clarified. March 25, 2014 judgment details.

Nomenclature of various forms prescribed under Companies Act, 2013

March 27, 2014 2633 Views 0 comment Print

In order to facilitate easy understanding of the e-forms being rolled out under the provisions of Companies Act, 2013 and Rules made thereunder, the stakeholders are hereby informed that unlike numbering of various forms under the Companies Act, 1956, forms under the new Act are mandatorily numbered alpha-numeric.

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