Revocation of GST Registration Cancellation by 30th June 2023: The GST council, comprising finance ministers of Centre and States, in its previous meeting in February, recommended that for such GST taxpayers whose registration has been cancelled for non-filing of returns be given amnesty by allowing...
Income Disclosure Scheme – Effective Tax Rate is 45% only (not 31%) Effective Tax Rate is 45% only (not 31%) under Income Disclosure Scheme 2016 CBDT has clarified in Q No. 6 of Circular 27 of 2016 dated 14th July 2016 that the tax rate will be 45% only and tax has to be paid […]
Court dismisses charges against Sony, after it is revealed Ricky Martin was coerced in giving false statement against Sony Music (India) Ltd by IT Department officials Officials of the Income Tax department have been left red-faced because of a letter written by Latin singer Ricky Martin, in which h...
President Pranab Mukherjee has given his assent to the Finance Bill, 2015, which was notified on Tuesday. The finance ministry on Tuesday notified increasing service tax from current 12.36% to 14% with effect from 1st June 2015 (Notification No. 14/2015-ST dated 19th May, 2015). This will make a h...
Kindly note that the due date for filing form e-704 has been extended up to 30th January 2015 from 15th January 2015.
Statement by Dr. Raghuram G Rajan, Governor on Monetary Policy- Date: 15 Jan 2015 Since July 2014, inflationary pressures (measured by changes in the consumer price index) have been easing. The path of inflation, while below the expected trajectory, has been consistent with the assessment of the bal...
No filing or Late filing of TDS returns or TDS statement shall invite two penal consequence, one Fee for late filing of TDS Return U/s 234E and second Penalty for late filing or Non filing of TDS statement U/s 271H. Fee U/s 234E for late filing of TDS Statement: If you filed late income tax retu...
In exercise of the powers conferred under Rule 49A of the Delhi Value Added Tax Rules 2005 read with section 9(2) of Central Sales Tax Act, 1956. The Commissioner, Value Added Tax, extended the last date of filling of online return in Form 9 for the year 2013-14, prescribed under Rule 4 of Central S...
The Ministry has taken a big step by notifying 183 major sections of Companies Act, 2013 w.e.f. 01.04.2014 out of which the provisions relating to Audit & Auditors is of utmost importance for all the Chartered professionals out there. This article contains the provision relating to Removal of Au...
