Discover the benefits of a Unit-linked insurance plan (ULIP). Get the best of both insurance and investment in one integrated plan.
Pursuing with Mr. Narendra Modi’s Dream of Swachh Bharat, in Union Budget 2015, a provision was made for levying a Swachh Bharat Cess on all or any of the services, for the purposes of financing and promoting Swachh Bharat initiatives or for any other purpose relating thereto. However, the SB Cess was to be levied from such date as may be notified by the Central Government after the enactment of the Finance Bill, 2015.
Section 70 (1) late fee for delay in filing the return- If Half-yearly Service Tax Return (ST-3 / ST-3A) is filed after the due date of return filing then, the assessee is required to deposit late fees depending upon the period of delay. Such late fee can be a maximum of Rs. 20,000/- [ Please Refer: Section 70(1), Finance Act, 1994)
ITAT Held in ITO vs Tara Chand Jain that the amendment in sec 50C which inculcates word assessable would have prospective effect from the date of its insertion i.e from 01-10-2009 and would not have retrospective effect on the sale of property before 01-10-2009
CIBIL scores are increasingly becoming important in our life. This three digit numerical expression of our credit wellbeing does not only impact the access to loans and funding, but has started to have a bearing on other financial aspects as well. Thus, it becomes highly important for one to be able to maintain a good […]
Appointment for 5 Years: {Section: 139(1)} Every company shall, at the first annual general meeting, appoint an individual or a firm as an auditor who shall hold office from the conclusion of that meeting till the conclusion of its sixth annual general meeting and thereafter till the conclusion of every sixth meeting. Ratification of Auditor: […]
This is to inform you that due date for filing Quarterly TDS/TCS statement for Q2 of FY 2015-16 is fast approaching. Do submit the quarterly TDS/TCS statement on or before due dates (as mentioned below) to avoid late filing fee under section 234E of Income Tax Act.
So far as works contracts are concerned, it is always a matter involving a lot of complications and controversies. It’s always been a matter of headache not only for businessmen but also for practitioners. Let’s try to understand and summarize matters relating to works contract so far as they relate to provisions of Maharashtra Value Added Tax Act, 2002.
The system and manner of conducting of Tax Audit u/s 44AB have changed drastically in recent time. We now in electronic age, thus have to file the Tax audit Reports by e filing. The journey of tax audit report started with manual filing, proceeded towards to No filing and now the present going on procedure […]
Managerial Persons covered are Managing Director, Whole-time Director, Part time Directors and managers who shall be paid remuneration subject to and in accordance with provisions of Section 197 of the Companies Act, 2013. As compared to various sections and chapters viz section 198, 309, etc of Companies Act, 1956 which deals with Managerial remunerations separately, the new Act […]
