Skip to main content

Posts

Showing posts from 2014
Cst form 9 date extensed to 9.1.2015

CLSS further extended

Judgment of HM industries Delhi HC pronounced on 26/10/2014--
The judgment  can be seen through the link. It deals with the limitation U/s 34 of DVAT Act as to when the extended period of six years can be invoked while making a default assessment U/s 32. An imp. question of Law decided in favour of Assessee & against the Revenue.Shall put stop to AO's invoking 6 yrs period of limitation recklessly.http://lobis.nic.in/dhc/VKR/judgement/26-10-2014/VKR26092014STA322013.pdf

Form 9 CST Act

Changes effectedNow you can export data of CD1 and then upload it to form 9, no need to enter details againOffline mode availableFor further details refer attached file

Now deposit TDS challan in any section code

--
M/s N.K. Goel & Bros.
cayashugoel.blogspot.com
Chartered Accountants
CA Yashu Goel
9899263490
GOVERNMENT OF INDIA
MINISTRY OF CORPORATE AFFAIRS
OFFICE OF THE REGISTAR OF COMPANIESRoC-Delhi
Dated: 1st Oct 2014Dear Sir/Madam,Subject: Annual filing by companies incorporated under the Companies Act, 2013 for financial year 2013-14 and filing under The Company Law Settlement Scheme, 2014 Regarding.1. As you are aware, Companies are statutorily required to file Annual Return & Balance Sheet every year. These filings account for approximately 50% of the total filings done during the year. Further last date of filing under The Company Law Settlement Scheme, 2014 is 15.10.2014. It is observed that bulk of annual filings is being done during the months of October and November. To avoid last minute rush and system congestion in MCA21 during the months of October to November 2014, you are requested to file your Balance Sheet and Annual Return without waiting for the last date.
2. In case your company has already filed the relevant forms as above, please ignore the mail.Yours faith…

E payment of service tax made mandatory

With effect from 1st October, 2014; every assessee is required to pay service tax electronically through internet banking therefore service tax liability for the month of September, 2014 or quarter ending September, 2014 is required to be paid electronically irrespective of the constitution of assessee and quantum of turnover/service tax.Here we would also like to mention that relaxation from e-payment may be allowed by the Deputy Commissioner/Asst. Commissioner on case to case basis.(Notification No. 09/2014-ST) --
M/s N.K. Goel & Bros.
cayashugoel.blogspot.com
Chartered Accountants
CA Yashu Goel
9899263490
CBDT's Order U/s 119 Extending ROI Due Date For AY 2014-15In addition to the Press Release, the CBDT's formal order dated 26.09.2014 u/s 119 of the Income-tax Act, 1961 extending the due date for filing the return of income from 30.09.2014 to 30.11.2014 is also available. The Order explains in detail the circumstances in which the aforesaid extension is granted.It may be noted that the benefit of the aforesaid extension is NOT available to companies which have suffered a loss and which are not required to get their accounts audited u/s 44AB, non-working partners of partnership firms, charitable trusts etc.

CBDT extended due date of filing ITR (which requires TAR) to 30th Nov, but interest u/s 234A is leviable

CBDT Notification
North Block, TPL Division
New Delhi, the 26th September, 2014


Order under section 119 of the Income-tax Act, 1961

​Section 44AB of the ​Income-tax Act, 1961 ('the Act') read with rule 6G of the Income-tax Rules, 1962 ('the Rules') requires certain persons to file tax audit report in Form No.3CA/Form No.3CB along with prescribed particulars in Form No.3CD.  Vide Notification No. 33/2014 dated 25th July, 2014, the forms for filing tax audit report have been revised. As per section 44AB of the Act, the tax audit report has to be obtained and furnished electronically by 30th November of the Assessment year in case of an assessee who is required to furnish report under section 92E of the Act and 30th September of the Assessment year in case of other assessees.

2.​In view of the representations received by the Central Board of Direct Taxes ('the Board'), the due date for obtaining and furnishing of tax audit report under section 44AB of the Act f…

Fwd: CST FORM 9 FILING DATE EXTENDED TO 28/11/2014

M/s N.K. Goel & Bros.
cayashugoel.blogspot.com
Chartered Accountants
CA Yashu Goel
9899263490

Gujarat HC Raps CBDT Over ROI Due Date Non-Extension Fiasco

All Gujarat Federation of Tax Consultants vs. CBDT (Gujarat High Court)Strictures passed against the CBDT for seeking to take advantage of its own wrong and disregarding genuine hardship of taxpayers. Due date for filing ROI extended to 30.11.2014 subject to charge of s. 234A interestThe Petitioner filed a Writ Petition claiming that the action of the CBDT/ Government in issuing Notification dated 25.07.2014 to exercise the due date for filing the tax audit report u/s 44 AB but in not extending the due date for filing Income Tax Returns from 30.09.2014 to 30.11.2014 was arbitrary. It was pointed out that great prejudice was being caused to the taxpayers by the said action of the CBDT. HELD by the High Court:(i) We are not impressed by the stand taken by the Revenue urging inter alia that the format of the tax audit report nowhere requires certification of the Tax Consultants or Tax Auditors in relation to the information to be furnished for which Tax Audit is conducted …. Though the f…

Whether customized software is "production"?

Service Tax Update

19/2014-ST dt. 25-08-2014Seeks to amend the Service Tax Rules, 1994 (Second Amendment)18/2014-ST dt. 25-08-2014Seeks to notify the date on which Clauses A, B, C of the section 114 of the Finance (No.2) Act 2014 becomes effective.
--
M/s N.K. Goel & Bros.
cayashugoel.blogspot.com
Chartered Accountants
CA Yashu Goel
9899263490

Due date for furnishing Tax Audit Report extended, last date for filing ITR remains unchanged

--
M/s N.K. Goel & Bros.
cayashugoel.blogspot.com
Chartered Accountants
CA Yashu Goel
9899263490

Company Law Settlement Scheme, 2014

Company Law Update : Rules dated 14th Aug 2014: Companies (Meetings of Board and its Powers) Second Amendment Rules, 2014

DVAT Update - Circular No 7 dtd 05-08-2014

Delhi Tax Compliance Achievement Scheme (Amnesty Scheme)ØProvided additional facility to Works Contract dealers who could opt the scheme by paying 1% or 3% of the turnover like an existing Composition Scheme. ØThe Assessment orders, issued, if any, become null and void in such cases once DSC 3 is issued.ØBut, the order shall stand in the System till it is nullified. Therefore, to smoothen the process, and to maintain correct data base, it has been decided that in cases where DSC-3 has been issued, the assessment orders have to be nullified in the prescribed manner (Circular attached).
--
www.taxingnarad.com

DVAT Return filling date extended upto 19/08/2014 vide Circular No. 8

Amendment in schedule VII of Companies Act, 2013

Clarification with regard to applicability of provisions of section 139(5) and 139(7) of the Companies Act,2013

Clarification about applicability of sections 139(5) and 139(7) of the Companies Act, 2013 (New Act), which deal with appointment of auditors by Comptroller and Auditor General of India (C&AG), to 'deemed Government Companies' referred to in section 619B of the Companies Act 1956 (Old Act) i.e. companies where ownership or control lies with two or more Government companies or corporations etc in the manner detailed in section 619B ibid.

DVAT Qtr 1 2014 due date extended

Service tax update - liability of builder on sale of flats

Income tax - update

MCA UPDATE - Notification dated July 25th 2014.

--
N.K. Goel & BrosChartered Accountants S-10, Shivaji Park, New Delhi 110026 www.TaxingNarad.com

Companies (Management and Administration) Second Amendment Rules, 2014

--
M/s N.K. Goel & Bros.www.TaxingNarad.com
Chartered Accountants
CA Yashu Goel
9899263490

DVAT update - Notice posted on web login shall be deemed to be a service of document

--
M/s N.K. Goel & Bros.
www.TaxingNarad.com

Chartered Accountants
CA Yashu Goel
9899263490

Clarification on transitional period for resolutions passed Under the Companies Act, 1956.

--
M/s N.K. Goel & Bros.
www,TaxingNarad.com

Chartered Accountants
CA Yashu Goel
9899263490

19/07/2014 Extension of validity of reserved names

--
N.K. Goel & BrosChartered Accountants S-10, Shivaji Park, New Delhi 110026

Companies ( Specification of definitions details) Rules, 2014 notified 17.07.2014

Amendment in Rule 3

--
M/s N.K. Goel & Bros.
Chartered Accountants www.TaxingNarad.com
CA Yashu Goel
9899263490

Companies (Miscellaneous) Amendment Rules, 2014.notified 17.07.2014

--
M/s N.K. Goel & Bros.
Chartered Accountants www.TaxingNarad.com
CA Yashu Goel
9899263490

MCA issues clarification on Related Party Transactions u/s 188

--
M/s N.K. Goel & Bros.
Chartered Accountants
TaxingNarad.com
CA Yashu Goel
9899263490

Appointment of new members in VAT Tribunal

Timesofindia.com: Documents for govt work can now be self-attested

This page was sent to you by: Yashu Goel, Yashu.goel@icai.org
--------------------------------
Documents for govt work can now be self-attested
Citizens will no longer be required to get documents attested by a gazetted officer or file affidavits for government-related work.

Log on to : http://www.timesofindia.com


** Disclaimer **
This is a public forum provided by TimesofIndia.com for its users to share their views with friends/public at large. TimesofIndia.com is not responsible for the content of this email. Anything written in this email does not necessarily reflect the views or opinions of TimesofIndia.com. Please note that neither the email address nor the name of the sender has been verified.

CBDT Instruction No 5/2014 dated 10.07.2014

Dear Members,The Hon'ble CBDT has issued Instruction No 5/2014 dated 10.07.2014, by which the monetary limits for filing appeals to ITAT / HIGH COURT / SUPREME COURT have been revised.The New limits are:                                  Tax effectAppeal before ITAT                                Rs.  4,00,000/-High Court                                               Rs. 10,00,000/-Supreme Court                                        Rs. 25,00,000/-Copy of Instruction is attached for your information.