Wednesday, 29 October 2014

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.

Saturday, 11 October 2014

Form 9 CST Act

Changes effected

Now you can export data of CD1 and then upload it to form 9, no need to enter details again

Offline mode available

For further details refer attached file

Thursday, 2 October 2014

Dated: 1st Oct 2014

Dear 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 faithfully

Wednesday, 1 October 2014

TDS deposit due date extended

Due to bank holidays, TDS/TCS of Sep 2014 can be deposited till 10-10-14 without interest. Due date for Q2 TDS/TCS Returns is 15-10-14(31-10-14 for Govt).

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.
Chartered Accountants
CA Yashu Goel