The Department of Trade and Taxes had framed the assessment of quarterly return filing dealers for the Tax period First Quarter 2012-13, on the basis of mismatch in the data filed by the dealers in Annexure 2A and 2B online. This assessment was framed on the basis of data as on 21/09/2012 at 09.00 pm.
The Directorate had been receiving enquiries relating to applicability of Revised Schedule VI in Examinations of the Institute to be held in December 2012. All concerned were informed that the same would be applicable. It is observed that there is some confusion which has aroused due to some clarifications provided earlier.
All LLPs registered upto 30-September-2011 have to mandatorily close their financial year as on 31-03-2012 and file Form-8 by 30th October-2012. LLPs registered from 01-10-2011 to 31-03-2012 have option either to close financial year as on 31-03-2012 or 31-03-2013 and to file both Form-8 & 11 accordingly.Please note that if LLP fails to file Form-8 within prescribed time, an additional fees of Rs. 100/- is payable per day till date of filing.
Kindly note that all eligible companies may file their financial statements (based upon new Schedule VI) in XBRL till 15th November, 2012 or within 30 days from date of its AGM, whichever is later, without any additional fees. For further details, visit MCA website www.mca.gov.in
OECD has issued a report outlining areas that are critical to India’s long-term economic performance and social development: financial sector, competition, regulation, innovation, infrastructure, energy efficiency, green growth, poverty reduction, employment, education and health.
The Central Bureau of Investigation has arrested ward-1 Income Tax officer P. Venkateswara Rao who allegedly demanded a bribe from financier M. Srinivasa Reddy of Rayavaram mandal to reduce his Income Tax dues on September 16. The Central Bureau of Investigation had then registered a case against Venkateswara Rao for allegedly demanding a bribe of […]
F.No. -Infrastructure/Project/EMBP/ 9(Part-VII)/2012-13/450 This is to bring to the notice of all the tax payers, tax practioners and all other persons concerned that all the offices under the Commissioner of Income Tax (Central)-I, II & III, Kolkata, the Commissioner of Income Tax (Central)(Appeal)-I, II & III, Kolkata, the Commissioner of Income Tax– XII, Kolkata and the Director of Income Tax (International Taxation & Transfer Pricing), Kolkata have been shifted to Aayakar Bhawan Poorva, 110 Shanti Palli, (opposite Ruby Hospital), Kasba, E.M.By-Pass, Kolkata.
Indirect tax collections have risen at 15.6 per cent to 2.17 lakh crore rupees in April-September, against the annual target of 27 per cent. This is mainly due to slowdown in economic activity. The excise duty collection during April-September period totalled 80,000 crore rupees, while customs duty mop up at 77,000 crore rupees, according to sources in the tax department.
This excel base GAR-7 Challan for payment of service tax is Based on latest circular no 162/2012 dated on Negative List Approach. Has facility of building and saving assessee database to avoid repetitive work. It has built in check for Wrong Assessee Code Structure. Menu Driven and Help Section.
To enhance transparency in Stock market tradings, the Bombay Stock Exchange will provide SMS of transaction details to mobile phones and Email accounts of investors from today.
