15% Surcharge on Total Income Exceeding Rs. 1 Crore per Year Excise Duty on Jewellery Hiked. 1% Pollution Cess to be imposed on all Cars Interest on Refund increased to 9% from 6% in case it is related to Delay in giving Appellate order by more than 90 days. e-Assessment in 7 Cities: No face […]
Government today, may unveil the policies and the amendments in the Indirect taxation that are essential for ease of doing business and also paving a way for long pending Goods and Service Tax (GST).
Recently, the Ministry of Corporate Affairs (MCA) amended the Rule 13 of the Companies (Audit and Auditors) Rules, 2014 vide notification no. G.S.R. 972(E). Now, the revised Rule 13 prescribes amount of fraud that should be reported, time-limit and the manner of reporting of fraud.
The CENVAT Credit Rules, 2004 (‘CCR’) have evolved as a scheme over a period of ten years. Through Rule 14 of CCR, the scheme provided for recovery of wrongly availed CENVAT Credit. As introduced, Rule 14 of CCR provided that where CENVAT credit is wrongly availed or utilized or has been erroneously refunded, the same […]
As we all know that with effect from 01.10.2014 rate of interest on delayed payment of service Tax has been revised based on delay and Turnover in Payment of service tax vide Notification No. 12/2014 dated 11.07.2014. To make the calculation of Interest on delayed payment of Service Tax Easy we have created a Calculator in Excel by which Readers can calculate Interest on delayed Service Tax Payment.
We have discussed five issues faced by the foreign investors and the expectations from the Union Budget 2016-17. 4. TDS from payments to Non-residents having Indian branch/fixed place PE 5. Tax Residency Certificate
No law is perfect and no regime is ever complete which result in multitude of disputes and litigations. In order to make CENVAT Credit scheme better and effective, following are certain suggestions which the Revenue authorities should introspect.
The word all used in Section 134(5) supra has left the directors of the companies with a question as to whether their responsibility is made open ended under the Companies Act, 2013, since prima facie the word all seems to provide an inclusive sense rather than an exhaustive sense. In the present article, an attempt has been made to understand the directors’ responsibility(s) in respect of the requirement under section 134(5) of the Act.
In the sheet there is no need to remember the Sections, TDS Rates & Limit of TDS Deduction, only you have to see the expenses from your P&L account and than select expenses from this sheet by using dropdown list & fill some required details then TDS & it’s Interest will come automatically. Download TDS Calculator with interest calculation and […]
After a seemingly endless amount of time, the salaried class seeks after a ‘typical man cordial’ Budget that may oversee family unit spending plans, regardless of expansion. Key procurements in direct duties that might be taken a gander at in this Budget, especially for the salaried class of people, are the following:
