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Indirect Tax (provisional) collections during April-February, 2015

March 11, 2015 1784 Views 0 comment Print

Indirect Tax Revenue (Provisional) Collections Increase from Rs. 441565 crore in April-February 2014 to Rs. 478630 crore during April-February 2015, thus registering an Increase of 8.4% during April-February 2015 over the corresponding period in the Previous Year.

Extract of Section 441 of Companies Act, 2013

March 10, 2015 3005 Views 0 comment Print

Section 441- Compounding of certain offences (1) Notwithstanding anything contained in the Code of Criminal Procedure, 1973, any offence punishable under this Act (whether committed by a company or any officer thereof) with fine only, may, either before or after the institution of any prosecution, be compounded by—

Extract of Section 269 of Companies Act, 2013

March 10, 2015 6396 Views 0 comment Print

Section 269 of Companies Act, 2013- Rehabilitation and Insolvency Fund (1) There shall be formed a Fund to be called the Rehabilitation and Insolvency Fund for the purposes of rehabilitation, revival and liquidation of the sick companies. (2) There shall be credited to the Fund— (a) the grants made by the Central Government for the […]

Extract of Section 8 of Companies Act, 2013

March 10, 2015 891 Views 0 comment Print

Section 8- Formation of companies with charitable objects, etc (1) Where it is proved to the satisfaction of the Central Government that a person or an association of persons proposed to be registered under this Act as a limited company— (a) has in its objects the promotion of commerce, art, science, sports, education, research, social […]

Empanelment with Ahmedabad Income Tax department

March 8, 2015 1819 Views 0 comment Print

Application from qualified chartered accountant/firm of Cas for empanlement to carry out special audit u/s 142 (2A) of the I.T. act. 1961 Last Date : Mar 10, 2015- Application from qualified chartered accountant/firm of CAs for empanlement to carry out special audit u/s 142 (2A) of the I.T. act. 1961.

Better Policies required to motivate tax Payers

March 7, 2015 4260 Views 0 comment Print

What could a common man expect from the budget? Today the central government has tried to collect as much as possible from the pocket of the consumer. The tax levied by the government is much more as compare to the benefits given by the government.

Press Release in respect of Budget Collection of Direct Taxes

March 5, 2015 1178 Views 0 comment Print

Gross direct tax collection during April-February of the Financial Year 20 14- 15 is up by 10.67 percent at Rs. 6,12,432 crore as against Rs. 5,53,373 crore collected during the same period last year. Gross collection of Corporate tax has shown an increase of 9.99 percent and stood at Rs. 3,79,917 crore as against Rs. 3,45,396 crore collected during the same period last year.

Engagement of CA firms with IDBI Asset Management Ltd.

March 4, 2015 3907 Views 0 comment Print

Request for Proposal For Appointment of Audit firms for various audit assignments at IDBI Asset Management Ltd. 1.1. IDBI ASSET MANAGEMENT LTD(CIN U65100MH2010PLC199319) a company incorporated under the Companies Act 1956 having its Registered Office at IDBI Tower, WTC Complex, Cuffe Parade Mumbai 400 005 and having its Corporate Office at 5th Floor, Mafatlal Centre, […]

Download Guidance Note on Fraud Reporting U/s. 143(12) of Companies Act, 2013

March 3, 2015 4475 Views 0 comment Print

The Guidance Note provides an overview of reporting requirement u/s 143(12). It also provides detailed guidance wrt various aspects of this reporting requirement like requirements for reporting u/s 143(12), responsibility of management, responsibility of auditor, Issues for consideration by the auditors, Applicability of Standards on Auditing, Audit procedures Technical guidance, Appendices etc.

Simplification of Tax Procedures in Finance Bill 2015

March 2, 2015 1187 Views 0 comment Print

Shri Jaitley Announces Measures to Improve the Ease of Doing Business with Simplification of Tax Procedures in Finance Bill 2015 The Union Finance Minister Shri Arun Jaitley in his Budget Speech in Lok Sabha today announced measures to improve the ease of doing business so as to achieve ‘Minimum Government and Maximum Governance’. He sought […]

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