Tax calendar for the month of June, 2015 Due Date Period Event Form Return under the Central Excise Act, 1944 10-June-15 May -2015 Excise Return by Non SSI Unit ER-1 10-June-15 May -2015 Excise Return by EOUs ER-2 10-June-15 May -2015 Excise Return by Units paying duty more than Rs. 1 Crore (CENVAT + PLA) […]
♠ Schedule II to the Companies Act, 2013 requires depreciating the asset over its useful life. The depreciable amount of an asset is the cost of an asset or other amount substituted for cost, less its residual value. ♠ The useful life of an asset is the period over which an asset is expected to […]
A share Certificate is a document issued by company evidencing that the person named in the certificate is owner of number shares of Company as specified in the Certificate. TIME PERIOD FOR ISSUE OF SHARE CERTIFICATES: In case of Incorporation: With in a period of 2 (Two) Month from the date of Incorporation to the subscriber of Memorandum. In case of Allotment: With in a period of 2 (Two) Month from the date of allotment of shares. In case of Transfer: With in a period of 1 (One) Month from the date of receipt of instrument of Transfer by the Company
Key Changes / Amendments effective from 1st June, 2015 : 1. Section 132B: The asset seized u/s. 132 or requisitioned u/s132A may be adjusted against the amount of liability arising on an application made before the Settlement Commission u/s. 245C (1). 2. Section 151 : No notice shall be issued u/s. 148 by an Assessing […]
PROCESS OF CONVERSION OF COMPANY INTO LLP A Private Company may convert into LLP in accordance with the procedure prescribed in the Third Schedule. Process as given below:
Mode of taking or accepting certain loans, deposits and specified sums and mode of repayment of loans or deposits and specified advances The earlier provisions contained in section 269SS of the Income-tax Act provide that no person shall take from any person any loan or deposit otherwise than by an account payee cheque or account […]
If you are young, single, with no dependants, you have all the time to think about tax planning and related investments that help do so. Banks and financial advisors might have already started approaching you with their tax saving ideas. Basically, you have ample opportunities to gear your investment portfolio on the right track.
The general perception when it comes to salaried employees is that there isn’t much scope for saving tax. But that isn’t true. In fact there are many avenues under the head Income from Salary in which tax savings are possible.
Effective June 1, 2015 TDS will be applicable at the rate of 1% or 2%, as the case may be, in the case of all payments made to a contractor during the course of plying, hiring or leasing of goods carriage, except in cases where such contractor has furnished a Declaration.
Krishna, Today Karneeti is completing its Century and we will continue it. In these Karneeti Articles we have discussed about various taxes like Income Tax, VAT, Companies Act, Service Tax etc. Krishna, please tell the 100 things of taxes that everyone must know.
