Tweet
Today (30-06-2014) is the last date to pay balance 50% service tax dues under VCES (without interest) and for companies to file return of deposits on 01-04-2014 in DPT-4.
Definition of Accountant in rule 2(e) of UP VAT rules, 2008 has been amended to include Company Secretary and Cost Accountant vide notification dated 27.06.2014.
Penalty u/s 271(1) (c) under Income Tax Act, cannot be levied for mere surrender of outstanding balance of creditors in revised return [CIT vs. Mathura Commercial Co. (Allahabad High Court), IT Appeal Number 54 of 2003, date of order: 15.01.2014].
Revised Annual return of Foreign Assets and Liabilities of companies accepting FDI to be e-filed with RBI by 15.07.2014 [RBI AP (DIR SERIES) Circular 145 of 18.06.2014].
At least one Director to be in India for 182 days in last calendar year. For 2014, must be resident for minimum 136 days from 01.04.2014 to 31.12.2014 [circular number 25 of 26-06-2014].
Definition of Accountant in rule 2(e) of UP VAT rules, 2008 has been amended to include Company Secretary and Cost Accountant vide notification dated 27.06.2014.
Penalty u/s 271(1) (c) under Income Tax Act, cannot be levied for mere surrender of outstanding balance of creditors in revised return [CIT vs. Mathura Commercial Co. (Allahabad High Court), IT Appeal Number 54 of 2003, date of order: 15.01.2014].
Revised Annual return of Foreign Assets and Liabilities of companies accepting FDI to be e-filed with RBI by 15.07.2014 [RBI AP (DIR SERIES) Circular 145 of 18.06.2014].
At least one Director to be in India for 182 days in last calendar year. For 2014, must be resident for minimum 136 days from 01.04.2014 to 31.12.2014 [circular number 25 of 26-06-2014].