Sometimes, one needs to verify the service tax registration code of any person, firm or company. Reason for verification may be following: To check whether that person is actually registered with Service Tax Dept. or not. Sometime it happens that companies charge service tax without being registered. To ensure that you get the CENVAT credit…
DetailsSEBI has written to all Stock Exchanges to impose penalties on those companies in which one Woman Director has not been appointed in Board of Directors. This provision of appointment of one woman director applies to all listed companies. Accordingly, all listed companies were required to appoint one woman director in Board of Directors. This…
DetailsGovt. of India vide its Notification No. 33/2015 [F.No.142 /14/2014-TPL] / SO 915(E) dt. 1st Apr-2015 has extended the time limit for Roll Back in respect of APA where the application has been filed on or before 31st Mar-15. Form No. 3CEDA in respect of these applications may be filed by 30th Jun-2015 or date…
DetailsIndividual resident aged below 60 years/ HUF/ AOP/ BOI/ Artificial Judicial Person Income Income Tax Rate Where the taxable income does not exceed INR 2,50,000/-. NIL Where the taxable income exceeds INR 2,50,000/- but does not exceed INR 5,00,000/-. 10% of amount by which the taxable income exceeds INR 2,50,000/-. Where the taxable income exceeds…
DetailsIn Post Office, any individual with age more than 60 years can invest in Senior Citizen Savings Scheme (SCSS). SCSS gives better returns than other investment options. 80C deduction is also available on this deposit. Silent features of this scheme is as follows: From 1st Apr-2015, interest rates is 9.30% per annum. This is highest interest…
DetailsIncome Tax Dept. on Tuesday released list of defaulter. These defaulters have not paid crores of taxes to Income Tax Dept. All the defaulters is having tax liability of more than 10 crores individually. Total tax liability of these 18 defaulters comes to more than 500 crores. Following are the name of these entities: S.…
DetailsOn 31st Mar, Govt. through press release has announced following interest rates for different savings scheme for F.Y. 2015-16. Interest rate for Sukanya Samriddhi Account and Senior Citizen Saving Scheme has been increased marginally. Whereas for PPF and other, there is no change. Scheme Rate of interest for F.Y. 2014-15 Rate of interest for F.Y.…
DetailsSECTION 143 OF THE INCOME TAX ACT, 1961 ASSESSMENT –GENERAL – Compulsory manual selection of cases for scrutiny during the Financial Year 2014-15. Instruction No. 6/2014 Dated- 2nd of September, 2014 1 In supersession of earlier Instructions on the above subject, the Board hereby lays down the following procedure and criteria for manual selection…
DetailsMCA has issued following circular giving clarification regarding receiving of loan by private company from members, directors or their relatives. As per this notification, any loan received before 1st Apr-2014 is not to be considered ‘deposits’ under Companies Act 2013 and Companies (Acceptance of Deposits) Rules, 2014. Complete notification is given below: General Circular No.…
DetailsUAN stands for Universal Account Number. The UAN acts as an umbrella for the multiple Member Ids allotted to an individual by different establishments. Purpose behind this UAN is to link multiple Member Identification Numbers (Member Id) allotted to a single member under single Universal Account Number. This will help the member to view details…
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