Friendsar

CBEC has accepted the Service Tax returns for the period July-September, 2012, which were rejected by system on the sole ground that these returns were filed for the period prior to the dates of registration of the assessees, as valid returns. These returns have been reprocessed in ACES and the status of these returns is being shown in the systems…[Read more]

E filing of Audit report has been made mandatory for assessees from assessment year 2013-14. CBDT has notified Income-tax (3rd Amendment) Rules, 2013 vide NOTIFICATION NO. 34/2013 [F.NO.142/5/2013-TPL]/SO 1111(E), DATED 1-5-2013.Under these rules ,various rules regarding Income tax return for assessment year has been amended. This will be…[Read more]

Important – TDS Returns for 4th Quarter (2012-13) 

The undisputed fact is that the property in question is an I.T. Park, with all infrastructure facilities and services. This is not a simple building. The Ministry of Commerce and Industries, notifies certain building as I.T. Park only if various facilities and infrastructure, as specified by the Department, are provided. It is an undisputed fact…[Read more]

The undisputed fact is that the property in question is an I.T. Park, with all infrastructure facilities and services. This is not a simple building. The Ministry of Commerce and Industries, notifies certain building as I.T. Park only if various facilities and infrastructure, as specified by the Department, are provided. It is an undisputed fact…[Read more]

Tax Audit threshold Limit

An Assessee is liable to get his Tax Audit done by a Chartered Accountant mandatorily, if in the previous year,

* The Person is carrying on business and his Total Sales/Turnover exceeds Rs. 1 Crore (wef 1st April 2012); or
* The Person is carrying on Profession, and his Gross Receipts exceed Rs. 25 Lakhs…[Read more]

Government has extended date of e-filing of service tax return for the second half of 2012-13 to August 31, 2013 as the forms will be available by the end of July.

Earlier the date of submission was fixed at April 25.

“…the Central Board of Excise & Customs (CBEC) has extended the date of submission of the Form ST-3, for the period…[Read more]

Just two days before the end of the financial year, a reader called up ET Wealth with an unusual query. He had changed jobs during the year and both the employers had given him Section 80C and home loan tax benefits. “If I add both the incomes and recalculate, I will have to pay about Rs 40,000 more in tax. Should I ignore the income from the…[Read more]

http://www.icai.org/memfee.html

Sample Appointment Letter

This is an example of a sample appointment letter. Your organization can make modifications as the situation requires or as your organization deems appropriate. On the other hand, you may want to follow an entirely different sample appointment letter.

(Company’s Letterhead, Address and…[Read more]

From:

To
The Assessing Officer,
Ward No: ————
Place

Resepected Sir/Madam,

Sub: Confirmation of loan given to ———————————–.
***

I, ———————————————–, son of /wife of —————————–, aged about ——–years, resident…[Read more]

(1) No fresh offer or invitation shall be made unless the allotment with respect to any offer or invitation made earlier have been completed in terms of sub-section (9) of section 60B of the Companies Act, 1956.
(2) Any offer or invitation not in compliance with sub-section (1A) of Section 81 read with sub-section (3) of section 67 of the said…[Read more]

Allotment of Shares

“Allotment” of shares means the act of
appropriation by the board of directors of the company out of the previously nu-appropriated capital of a company of a certain number of shares to persons
who have made applications for shares. It is on allotment that shares come into
existence.

Allotment of shares must be made…[Read more]

Application Money Form – Download Format

(b) the fair market value of unquoted equity shares shall be the value, on the valuation date, of such unquoted equity shares as determined in the following manner, namely

The fair market value of unquoted equity
shares =
(A – L)
× (PV)
…[Read more]

CERTIFIED TRUE EXTRACTS OF THE RESOLUTION PASSED IN THE MEETING OF THE BOARD OF DIRECTORS OF ____________________ PRIVATE LIMITED HELD ON ____________ AT THE REGISTERED OFFICE OF THE COMPANY SITUATED AT […]

Company name

CERTIFIED COPY OF THE RESOLUTION PASSED AT THE MEETING OF THE BOARD OF DIRECTORS OF HELD ON TUESDAY, THE AT THE REGISTERED OFFICE OF THE COMPANY

TO AVAIL TERM LOAN FROM CANARA […]

DOWNLOAD REVISED FORM 15G AND FORM 15H

Everyone is aware that Form 15G and form 15H are used for avoiding the TDS deduction while computing the interest earned during the financial year. In this article we are discussing important points to remember while submitting the Form 15G and Form 15H to the deductor. We have also included frequently asked questions and answers on Form 15G and…[Read more]