| Posted: 24 Jul 2013 08:29 PM PDT This is to inform that Multipurpose Empanelment form for the year 2013-14 (including form for empanelment of Bank Branch Auditors' for the year 2013-14) has been hosted on the website www.meficai.org on 24.07.2013. Last date for submission of online applications on www.meficai.org is 26th August,... |
| Posted: 24 Jul 2013 08:29 PM PDT Income from house property is one of the important heads of income under the Income Tax Act. The taxpayers have been, in particular, keen to know about the exemptions and deductions available to them on repayment of interest and principal of loan obtained to purchase the house property, if that... |
| Posted: 24 Jul 2013 07:48 PM PDT I am writing this article on approval of DIN after two years of notification by MCA regarding approval of DIN by Professionals. I am not against the process of MCA to simplify the incorporation procedure as these simplified procedures are assisting us to cope up with the developing world and I know... |
| Posted: 24 Jul 2013 07:35 PM PDT CA Jinesh P. Gada Central Board of Excise and Customs, Ministry of Finance has rescinded Notification No. 40/2012-ST dated 20th June 2012 and introduced new Notification No. 12/2013-ST dated 01-07-2013. 1. As per this Notification where the specified services received by the SEZ unit or the... |
| Posted: 24 Jul 2013 06:01 PM PDT As stock market investors, we are beneficiaries to various corporate actions like bonus, rights and stock splits. These corporate actions are accompanied by stock price movements in short and long run affecting capital gains whenever we sell shares. As there is an effect on capital gains, tax... |
| Posted: 24 Jul 2013 05:58 PM PDT Delays in income tax refunds, even after the stipulated number of months, are faced by many tax payers. Running from pillar to post at the income tax office, having to deal with impolite income tax officials become a part of the ordeal. At such times tax payers often feel helpless with absolutely... |
| Posted: 24 Jul 2013 05:53 PM PDT We have always seen this word VAT mentioned in our bills when we purchase a consumer durable or service. So what does this exactly mean? VAT simply means Value Added Tax. Why the word Value Added? For this answer, let us go back in time and see how taxation was earlier. |
| Posted: 24 Jul 2013 11:31 AM PDT ISLAMABAD – The Islamabad High Court (IHC) has issued its detailed judgement on a petition challenging government's amnesty scheme introduced by the previous government for smuggled vehicles, calling it illegal. Justice Shaukat Aziz Siddiqui of the IHC declared the SRO issued by the... |
| Posted: 24 Jul 2013 03:30 AM PDT Considering the large-scale devastation due to recent natural calamity in the State of Uttarakhand, the Central Board of Direct Taxes, in exercise of powers conferred under section 119 of the Income-tax Act, 1961, hereby extends the 'due-date' for filing Returns of Income required to be... |
| Posted: 23 Jul 2013 08:20 PM PDT After implementation of Mobile Number Portability, the Authority had received complaints from the subscribers of corporate mobile numbers that their porting requests have been rejected by the donor operators under the category Contractual Obligation for want of permission/authorization from the... |
| Posted: 23 Jul 2013 08:12 PM PDT Extension of the validity of exemption granted in a paper(s) (on the basis of securing a minimum of 60 per cent marks) by one more examination in respect of students who opted to switch over to the Intermediate (Integrated Professional Competence) Course, under the Direct Entry Scheme before 30th... |
| Posted: 23 Jul 2013 08:07 PM PDT The VAT Audit Branch, KCS Branch, Spl. Zone Branch and other Wards have been assigned the audit of the business affairs of dealers u/s 58 of DVAT Act, 2004 based on the risk profile of the dealers. Amongst such selected cases, some cases pertain to the dealers who are engaged exclusively in... |
| Posted: 23 Jul 2013 08:04 PM PDT I am directed to invite your attention to the above mentioned subject and to say that references have been received from motor vehicle manufacturers, seeking clarification as to whether the excise duty of 30% is applicable on sedan cars like Maruti SX4, Honda Civic and Toyota Corolla Altis. |
| Posted: 23 Jul 2013 11:35 AM PDT We invite a reference to our circular DPSS.CO.CHD.No.1622/04.07.05/2012-13 dated March 18, 2013 wherein all lending banks have been advised not to accept any fresh Post Dated Cheques (PDC)/Equated Monthly Installment (EMI) cheques in locations where the facility of ECS/RECS (Debit) is available and... |
| Posted: 23 Jul 2013 11:34 AM PDT RBI/2013-14/157 RPCD.CO.RRB.BC.No.14/03.05.33/2013-14 July 23, 2013 The Chairman All Regional Rural Banks (RRBs) Dear Sir, Credit Information Companies (Regulation) Act, 2005 – Compliance Please refer to our circular RPCD.CO.RRB.No.32/03.05.33/2009-10 dated October 20, 2009 advising RRBs, that in... |
| Posted: 22 Jul 2013 08:01 PM PDT Ministry of Agriculture has raised the issue of temporary ban on Import of Rice and Peanuts from India due to detection of quarantine pest in an import consignment and highlighted that CFSs conducting phytosanitary measures have no designated area for fumigation and separate storage for keeping... |
Recovery action against directors of non-existent company not justified:
Madras HC
-
Madras High Court held that recovery action against the Directors of the
company under the provisions of the Tamil Nadu General Sales Tax Act, 1959,
Cent...
12 hours ago
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