Income Tax : The fair market value of the shares= (i) as may be determined in accordance with such method as may be prescribed, or (ii) as may ...
Excise Duty : New procedure is being Implementation to avail One Day Liquor License As per State Directorate of Accounts and Treasuries Maharash...
Service Tax : ON DIRECTORS SERVICES - In the absence of mention of any date in the notification, it shall be effective from the date of publicat...
Fema / RBI : In a notification issued by RBI said that promoters of companies seeking debt recast could be allowed to bring in 50 per cent of t...
The fair market value of the shares= (i) as may be determined in accordance with such method as may be prescribed, or (ii) as may be substantiated by the company to the satisfaction of the Assessing Officer, based on the value, on the date of issue of shares
New procedure is being Implementation to avail One Day Liquor License As per State Directorate of Accounts and Treasuries Maharashtra, now it is semi online manual but in coming months it will be online.
ON DIRECTORS SERVICES – In the absence of mention of any date in the notification, it shall be effective from the date of publication in official gazette i.e. 7th August, 2012. For services provided between1st July, 2012 to 6th August, 2012, directors will be liable to charge service tax.
In a notification issued by RBI said that promoters of companies seeking debt recast could be allowed to bring in 50 per cent of their sacrifice upfront and the balance within a period of one year. The RBI’s decision follows representation by banks and the Indian Banks’ Association that corporates under stress are finding it difficult to bring in the promoters’ share of sacrifice and additional funds upfront, on some occasions. According to RBI rules, promoters’ sacrifice and additional should be a minimum of 15 per cent of banks’ sacrifice. However, the promoters were required to bring in the funds upfront and not over a period of time.
