The Last date for filing the Service Tax Half yearly returns for the Half year ended 30/09/2011 (1st April 2011 to 30th Sep 2011) has been extended from 25th October 2011 to 26th December 2011. The relevant notification is reproduced below. F. No. 137/99/2011 – Service Tax Government of India Ministry of Finance Department of […]
Last date for Service Tax returns extended Read More »
The Last date for Submission of Annual Returns & Balance sheet in respect of Companies who have not filed the same has been extended till 15h of December 2011. Those companies who are in default of filing their Annual Returns and Balance Sheet/Profit & Loss Account for the previous years can make use of this
Last date for Company law Settlement Scheme 2011 extended Read More »
The Ministry of Corporate affairs vide its General Circular No. 66/2011 dtd 4th October 2011 has extended the last date for updation of the PAN (Permanent Account Number) particulars in respect of DINs (Director Identification Numbers) obtained earlier and in which PAN Data has not been updated. As per the Earlier notification , the Last date
Date for Updation of PAN in DIN forms extended… Read More »
The following are the Various Statutory Obligations for the month of October 2011. Payment of Service Tax The last date for Payment of Service tax pertaining to the Quarter 2 (July 2011 to Sep 2011) is 5th of October 2011. In case of e-payment, the due date is 6th of October 2011. In case of
Statutory Obligations for the month of October 2011 Read More »
The due date for submission of ITR-V for A.Y. 2010-11 has been extended upto 31.10.2011 or 120 days from the date of upload whichever is later. Source :- www.incometaxindiaefiling.gov.in To give an opportunity for the assessees who have filed their returns online (E filing) and are yet to receive an acknowledgement after sending the signed
Time limit for Submission of ITR-V for A.Y.2010-11 extended Read More »
Travel by train, passport fee, capitation fees to education institutions and non-compete fees given by companies may come under tax net as the government considers a ‘negative list’ model to tax services, which will boost its tax revenues significantly. Most countries follow the negative list model-where a list of exempted services is specified and every
Train travel, passport fee, capitation fee may come under service tax net Read More »
The service Tax Department has made the E filing of Half yearly Returns of Service Tax mandatory w.e.f 1st October 2011. The relevant Notification is reproduced below :- Click here to send an enquiry to us [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] GOVERNMENT OF INDIA
E filing of Service Tax returns made mandatory Read More »
The Income-tax Department has issued Circular N0 05/2011 dtd 16th August 2011 containing the rates of deduction of income-tax from the payment of income chargeable under the head “Salaries” during the financial year 2011-2012 and explains certain related provisions of the Income-tax Act. This circular will be a handy reference for Employers deducting tax from their
Tax Deduction on Salaries – Clarification Circular Read More »
As per SEBI Circular No CIR/ IMD /DF / 14 /2011 dtd August 9, 2011, the Foreign Investors who meet the KYC (Know Your Customer) requirement may invest in Equity and Debt Schemes of Mutual Funds (MF) in India. This is subject to a overall ceiling of US $10 billion for Equity Schemes. Click here to
Foreign Investors can invest in Mutual Funds in India now !!! Read More »
The Ministry of Company Affairs has introduced a new scheme namely “Company Law Settlement Scheme , 2011“. The Salient Features of this scheme are :- 1) This scheme condones the delay in filing of Documents with Registrar of Companies. 2) It also grants immunity from prosecution 3) The additional fees payable will be only 25%
Company Law Settlement Scheme 2011-Last Chance to file your belated ROC returns Read More »
As per recent Notification No DBOD.BP.BC. No. 26 / 21.01.001/2011-12 dtd 01/08/2011 issued by the Reservce Bank of India, the Issue and Payment of DD in excess of Rs. 50000/- by all banks in India shall be transacted only through the debit to the customer’s account. This means, any purchase of Demand Draft in excess of
Issue and Payment of DD in excess of 50000/–New RBI Direction Read More »
Cost Inflation Index for Financial years from 1981-82 which is required to calculate Indexed Cost of Acquisition and/or Indexed Cost of Improvement. [table id=8 /]
Cost Inflation Index Table Read More »
The TNVAT (5%) imposed on the textile products with effect from 12.07.2011 has been withdrawn by the Government of Tamilnadu with retrospective effect. This was announced by the Chief Minister of Tamilnadu after the Cabinet meeting decided to withdraw this tax. The relevant Notification is reproduced below :- [gview file=”http://bssridhar.com/blog/wp-content/uploads/2011/07/GO-90_210711.pdf”]
TNVAT 5% on Textiles Withdrawn Read More »
The Tamilnadu Government has changed the rate of TNVAT from 4% to 5% and 12.5% to 14.5%. The relevant notification is attached below :- [gview file=”http://bssridhar.com/blog/wp-content/uploads/2011/07/GO76_110711.pdf”]
Changes in TNVAT Rates Read More »
As per recent Notification from the Ministry of Corporate Affairs, the DPIN (Designated Partner Identification Number) has been replaced by DIN (Director Identification). In view of the above, any person who is intending to become a designated partner in an LLP shall apply for DIN and get the same approved. If a person holds both
