Where loan/deposits were falling in the definition of Deposits under Companies (Acceptance of Deposits) Rules, 1975 on 31.03.2014 and now the loan/deposits also falls in the definition of deposits under Companies (Acceptance of Deposits) Rules, 2014.
Many people are not aware about that their Income Tax Refund status. The Refund status can be easily ascertained online with a few simple and easy steps. The ‘Refund Banker Scheme’, which was first introduced by the Income Tax Department in Jan 2007, can be used by tax payers all over the nation to view the exact status of their refunds on line at the site. The only requirement is PAN No to view the status.
We have Compiled the Format of Statutory Audit Report of Companies for Financial Year 2013-14. The report has considered the certain changes as prescribed by Institute of Chartered Accountants of India (ICAI) consequent to notification of certain sections under Companies Act, 2013. We have highlighted the changes introduced in blue for your reference :-
Lakesh Kumar Treatment of Medical Facilities AND Interest free Loan or Loan at Concessional rate of Interest As we know many facilities and perquisites provided by employer to their employees. Medical facilities and Interest free loan or loan at concessional rate is one of them. I always try my best to make understand the users […]
Public Provident Fund (PPF) Scheme Is a scheme floated under the PPF Act 1968 by the central Government. PPF is a safe product, government backed and is a tax beneficial investment, which has low risk, and the risk is government risk.
The provisions of this circular shall be applicable for the draft offer document for issuance of debt securities filed with the designated stock exchange on or after July 16, 2014.
1. Who can use ITR 4 Return Form for Assessment Year 2014-15? This Return Form is to be used by an individual or a Hindu Undivided Family who is carrying out a proprietary business or profession. 2. Annexure-less Return Form No document (including TDS certificate) should be attached to ITR 4 Return Form. All such […]
The issue before us is whether the transfer of the shares of Nestle India Ltd and Hindustan Lever Ltd held by the members of Bilakhia family as investment by them to the assessee-company as per family arrangement dated 16-02-2001 claimed to have been transferred without
Assessee has not concealed anything in this regard. Therefore, it cannot be a case of concealment of facts. As far as the filing of inaccurate particulars of income is concerned, we hold that assessee was having huge carry forward losses and depreciation and the return was filed at nil income.
This Return Form is to be used by an individual or an Hindu Undivided Family who is a partner in a firm and where income chargeable to income-tax under the head Profits or gains of business or profession does not include any income except the income by way of any interest, salary, bonus, commission or remuneration, by whatever name called, due to, or received by him from such firm.
