Tweet
The Centralized Processing Cell (TDS) automated for the first time, the default identification process in respect of TDS statements submitted. CPC (TDS) has highlighted the need for correct and complete reporting of data in the TDS statements and has therefore, implemented processes to enforce.
No Penalty if Audit Report in form 704 for 2012-13 is filed up to 31-3-14 by a Developer (other than Composition Dealer). (MVAT Trade Circular 6T of 21-02-2014).
Company Guarantee/ Security for loans by Bank/ Financial Institutions to Subsidiary (solely for principal business), exempt till section 186 of Companies Act, 2013 notified. (Circular No. 3 of 14-02-2014).
No Penalty if Audit Report in form 704 for 2012-13 is filed up to 31-3-14 by a Developer (other than Composition Dealer). (MVAT Trade Circular 6T of 21-02-2014).
Company Guarantee/ Security for loans by Bank/ Financial Institutions to Subsidiary (solely for principal business), exempt till section 186 of Companies Act, 2013 notified. (Circular No. 3 of 14-02-2014).