Notification No. 65/2013 – Income Tax (i) The sums paid to the approved organization shall be utilized for scientific research; (ii) The approved organization shall carry out scientific research through its faculty members or its enrolled students; (iii) The approved organization shall maintain separate books of account in respect of the sums received by it for scientific research, reflect therein the amounts used for carrying out research, get such books audited by an accountant as defined in the explanation to sub-section (2) of section 288
Rajya Sabha on 8th August gave its nod to Companies Bill, 2013 which is the first major overhaul of Company law in more than 50 years. Now, India will have a brand new company’s law which is more effective and appropriate for this era and its challenges.
We are attaching below a Presentation on ‘e-Filing of Tax Audit Report by Tax Professional’ compiled by CA. Sanjay Agarwal, which deals with the following issues :- Registration by Tax Professionals Procedure to add Chartered Accountant by Assessee Steps to be followed by CA to submit Tax Audit Report Other Features Forms to be initiated […]
All the members / firms who are empanelled (whether audits are allotted or not) with Co-operative Department of Maharashtra in March 2013 are required to register and sign-in on https://mahasahakar.maharashtra.gov.in and upload data.
Assessee as an honest citizen not only made a complaint to the registering authority that the sale deed has been registered at a value much below the amount, which he has actually received, he deposited the entire amount in the bank and voluntarily filed return.
Avoid Last Minute Rush; Pay IT in Advance at Bank Branches/RBI: RBI appeals to Public The Reserve Bank of India has appealed to public to avoid last minute rush and remit their Income-tax dues sufficiently in advance of the due date of September 30, 2013. It has also urged the assessees to take advantage of […]
The Committee on Accounting Standards for Local Bodies of the Institute of Chartered Accountants of India invites comments on any aspect of this Exposure Draft of Accounting Standard for Local Bodies (ASLB) 31, ‘Intangible Assets’.
In exercise of the powers conferred by Section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise & Customs hereby makes the following further amendments in the Notification of the Government of India, Ministry of Finance
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
A quick perusal of the Companies Bill 2013 shows that many exemptions given to Private limited companies under Companies Act are withdrawn. . The following provisions are applicable to Private limited companies under the new Companies Bill 2013. Maximum Number of members There is no change in the minimum number of member which is 2. […]
