Manufacturing Industries

2910, 2015

co. law date stands extended

By |October 29th, 2015|Banking and Finacial Services, Manufacturing Industries, Notices, Others|0 Comments

the due date for uploading audited financial statements for the year ending March 31, 2015 has been extended from 31th October 2015 to 30th November 2015.
thus no additional fees etc.
As compared to income tax department, Ministry of Corporate Affairs has almost taken pro-active stand.
for income tax, writs were concurrently lying across 10 different high courts.
ITD […]

2107, 2015

Revised MVAT registration Procedure

By |July 21st, 2015|Manufacturing Industries, Notices, Others|0 Comments

Circular No. 7 of 2015 Dated 19th May, 2015

8th Floor, Vikrikar Bhavan,

Mazgaon, Mumbai-400010.

To,

…………………………….

…………………………….

…………………………….

No.JC (Reg)/Uploading Document Regn/2015 /530

Subject: Modification in Trade Circular No. 5T of 2015 Dt. 06/05/2015.

Ref: Trade Circular No. 5T of 2015 Dt. 6th May 15, 2015.

Background:

The Trade Circular 5T of 2015 was issued to explain the procedure in detail for new registration under […]

1907, 2015

whether your hotelier is recovering from you under disguise of service tax ?

By |July 19th, 2015|Banking and Finacial Services, Manufacturing Industries, Notices, Others|0 Comments

Press Information Bureau
Government of India
Ministry of Finance
July 14, 2015

Service Charges Collected by Restaurants/Hotels/Eateries Retained by the Restaurants/Hotels/Eateries and are Not ‘Service Tax’ Imposed by the Government.
Some restaurants/hotels/eateries besides charging for the food and beverages are also charging ‘service charges’ in their bills.
The proceeds of the ‘service charges’ are retained by the restaurants/hotels/eateries.
Some of the consumers have a […]

1607, 2015

Linking with Bank Account before uploading return of income

By |July 16th, 2015|Blog, Manufacturing Industries, Notices|0 Comments

 

This year, a notification (No. 41) was issued on 15th April, 2015 amending Rule 12 of the Income-tax Rules, 1962. This Rule lays down the procedure for filing the return and lists the forms to be filled up. The amendment brought into the Rule, for the first time, the concept of Electronic Verification Code (EVC). Through the said […]

1507, 2015

Press Release on black money law dt 14-July-2015

By |July 15th, 2015|Manufacturing Industries, Notices|0 Comments

Press Information Bureau
Government of India
Ministry of Finance
14-July-2015 15:32 IST
Clarification on Reports Appearing on Black Money Act, 2015
Over last few days a number of reports have appeared in the media expressing views and concerns regarding the applicability of various provisions of the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act 2015.
Some of […]

307, 2015

Black Money Law – date of commencement 1-July-2015

By |July 3rd, 2015|Manufacturing Industries, Notices, Services Sectors|0 Comments

The date of commencement of the Black Money Act, 2015 has been changed from 1-April-2015 to 1-July-2015

207, 2015

Black Money Law – comliance window notified

By |July 2nd, 2015|Manufacturing Industries, Notices|0 Comments

Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
PRESS RELEASE
New Delhi, 1st July, 2015
Sub: Notification of dates for compliance window under Black Money Act

The Finance Minister, in the budget speech this year, had announced that a comprehensive new law to deal with black money stashed away abroad would be enacted. The Bill to […]

2906, 2015

Basics of Black Money Law

By |June 29th, 2015|Banking and Finacial Services, Manufacturing Industries, Non Government Organization, Notices, Others, Services Sectors|0 Comments

Basics of the Black Money Law

Background-:

a) Like any other country, India has a sovereign right to levy tax on income in terms of aspect / nexus theory with India.

b) It has been codified by the Income Tax Act, 1961 and to be specific, section 4, 5, 6 and 9 of the Act.

c) It is a […]

1305, 2015

Taxing Subsidy

By |May 13th, 2015|Banking and Finacial Services, Blog, Manufacturing Industries, Non Government Organization, Notices, Others, Services Sectors|0 Comments

In a run up to Finance Act, 2015, the finance bill, 2015 has been amended on various counts and one of them is an amendment in definition of Income by inserting clause (xviii) in section 2(24), which read as under:-

“assistance in the form of subsidy or grant or cash incentive or duty drawback or […]

705, 2015

New Goods and Service Tax Regime.

By |May 7th, 2015|Manufacturing Industries, Services Sectors|0 Comments

Highlights of New Proposed Goods & Service Tax (GST)

1. The basic principal governing behind GST is to have single Taxation System for Goods and Services across the country. Currently Indian economy has various taxes on Goods and services such as VAT, Service Tax, Excise, Entertainment Tax, Luxury Tax Etc. now in the new Proposal of […]