The Companies (Amendment) Act 2015 notified in the official gazettee on 26.05.2015. Govt has brought chabges in Companies Act 2013 with a view to promote ease of doing business in India.The following ancillary amendment are also made. 1 The Companies (Registration officces and Fees) Rules 2. Companies (Registration of charges) Rules 3. Companies (Declaration and payment of […]
From AY 2016-17 , incase of undisclaused income filed by the assesse is noticed by the assessing officer stringent penalties will be imposed. Penalties & Prosecutions under Income Tax Act, 1961
E-filing of income tax return for all category of filers for the assessment year 2016-17 has been operationalised. “All ITRs including ITR 6 and ITR 7 for AY 2016-17 are available for e-Filing,” the Income Tax Department said. The different category of ITRs were operationalised in a phased manner starting April 2. The Central Board […]
Finance Act, 1994 was amended vide Finance Act, 2015 so as to make any service (and not only support services) provided by Government or local Page 21 of 38 authorities to business entities taxable from a date to be notified later. 1st April, […]
The Central Excise returns ER4, ER5, ER6 and ER7 are not required to be filed w.e 1st April 2016 ( refer notification number 8/2016 CE(NT) dated 01.03.2016 & 13/2016 CE(NT) dated 01.03.2016). Assessees can continue to file these returns in ACES for the past period. A new Annual Returns, is prescribed under Rule 12(2) (a) of Central Excise […]
The Banks Board Bureau (BBB), which will independently oversee consolidation. It is not feasible to bring down the government’s share in state-owned banks below 51%, consolidation to create strong banks is the only survival option. PSB hold more than two-thirds of assets in India’s banking industry. They hold about 85 percent of non-performing loans also. […]
The government slashed interest rates small savings schemes, Schemes old rates % New rates % 1.PPF 8.7 to 8.1 2.NSC […]
Service tax return for the second half of the assessment year 2015-16 is due on 25 April 2016
1.The scheme aims to reduce the pending litigations before the first appellate authority (Commissioner Appeals). The scheme is applicable in respect of dispute with respect to Customs Act, 1962, Central Excise Act, 1944 & Finance Act, 1994 (Service TAX). 2. It aims at disposing of the pending appeals and the declarant shall get immunity from […]
Our services We provide Projected financial statements and project reports for availing bank loans including PMMY/loans from financial institutions. Cost Audit Cost and Management Accounting Costing System implementation Cost study prior to lean system implementation Domain support in implementation of lean six sigma for profit improvement Corporate Finance Central Excise, Customs and Service tax CAS […]
