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Delhi VAT – Online filling of information/return by using Digital Signature

March 26, 2014 1594 Views 0 comment Print

No. F.3(21)/Fin(Rev-I)/2013-14/ – In exorcise of the powers conferred by Section 100A of the Delhi Value Added Tax Act.2004 (Delhi Act 3 of 2005), and to facilitate the dealer/person to submit information/return etc. online by using digital signatures, the Lt. Governor of the National Capital Territory of Delhi,

CA 2013:Notification of significant sections & schedules wef 01.04.2014

March 26, 2014 22218 Views 0 comment Print

Further, we would like to mention here that under Chapter IX (Accounts of Companies), Section 130 (Re-opening of Accounts on Court’s or Tribunal’s order), Section 131 (Voluntary Revision of financial statements or Board’s Report) and Section 132 (Constitution of NFRA) have not been notified till date. Also Section 245 (Class Action Suits) has not been notified now by MCA..

MCA stops Challan, NEFT and Pay Later payment facility till 31st March 2014

March 26, 2014 2681 Views 0 comment Print

Offline payment facility (Challan, NEFT and Pay Later) would be stopped from 26th March 2014 till 31st March (both days inclusive). You are requested to make payment only through online mode (Credit/Debit Card and Net Banking).

How to open a Savings Bank Account?

March 26, 2014 1694 Views 0 comment Print

Choose a Bank that has a wide network of branches, ATMs and offers an array of services. You can look up the bank’s website to find the information. Choose an account most suitable to your needs. It could be a Basic Savings account, EasyAccess Accounts, Women’s Savings Account, Youth Account, or a Joint savings account.

ICAI issues Roadmap to IFRS

March 26, 2014 2880 Views 0 comment Print

The Council of the ICAI, at its last meeting, held on March 20-22, 2014, has finalised the roadmap.  The revised roadmap recommends Ind AS to be implemented for the preparation of Consolidated Financial Statements of listed companies and unlisted companies having net worth in excess of Rupees 500 crore from the accounting year beginning on […]

Scheme of raising ECB for working capital for Civil Aviation Sector to continue till March 31, 2015 – RBI

March 26, 2014 730 Views 0 comment Print

The directions contained in this circular have been issued under Sections 10(4) and 11(1) of the Foreign Exchange Management Act, 1999 (42 of 1999) and are without prejudice to permissions / approvals required, if any, under any other law.

Govt. Fixes limit for investment in Inflation Indexed National Savings Securities

March 26, 2014 1550 Views 0 comment Print

Government of India has vide their Notification dated March 25, 2014 notified that the maximum limit for investment in Inflation Indexed National Savings Securities- Cumulative has been increased to Rs. 10 lakh per annum for eligible individual investors and Rs. 25 lakh per annum for Institutions such as HUFs, Charitable Trusts, Education Endowments and similar institutions

Banks and RBI to facilitate Tax Payments on March 29, 30 and 31, 2014

March 26, 2014 2425 Views 0 comment Print

Agency banks doing Government business alone will be permitted to present instruments in the Special Clearing on other participating banks. Other member banks of the Clearing House (including the presenting banks) are required to keep their inward clearing processing infrastructure open during the Special Clearing hours and maintain sufficient balance in their clearing settlement account to meet settlement obligations arising out of the Special Clearing.

PVAT – Further amendments in items taxable at single stage under Punjab VAT

March 25, 2014 936 Views 0 comment Print

Whereas the State Government is satisfied that circumstances exist, which render it necessary to take immediate action in public interest; Now, therefore, in exercise of the powers conferred by sub-section (3) of section 8 of the Punjab Value Added Tax Act, 2005 (Punjab Act No. 8 of 2005)

Clarification with regard to section 180 of Companies Act, 2013

March 25, 2014 9532 Views 0 comment Print

This Ministry has received many representations regarding various difficulties arising out of implementation of section 180 of the Companies Act, 2013 with reference to borrowings and/or creation of security, based on the basis of ordinary resolution. The matter has been examined in the Ministry and it is hereby clarified that the resolution passed under section 293 of the Companies Act, 1956 prior to 12.09.2013 with reference to borrowings.

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