For security reasons Reserve Bank Of India had decided to withdraw bank note printed prior to 2005 and these are supposed to get exchanged before 30th June 2014 but these note be legal even after 1st July 2014 as RBI clarfied, Clarfication can be read below:-
Extension of date for withdrawl of currwncy note issued prior to 2005
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Revision of Interest Rates for Small Savings Schemes for the Financial Year 2014-15 Announced by The Government
Various
decisions taken by the Government of India on the recommendations of the
Shyamala Gopinath Committee for Comprehensive Review of National Small Savings
Fund (NSSF), were communicated to all concerned by the Government through its
Office Memorandum dated 11th November, 2011.
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Due date of filing Annul Return for FY 2012-13 in UP VAT further extended up to 30th June 2014 from 29-01-2014
Due date of
filing Annual Return in Uttar Pradesh Value Added Tax Act,2008 has been
further extended from 29th January 2014 to 30th June 2014 . For
notification please CLICK HERE or go to download section.
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"T-2" under Delhi VAT come back again
Commissioner of Trade tax of Delhi has issued a notification regarding filing of information of invoice & Goods receipt note.This would be applicable from 15th March 2014.
As per notification every shall submit details of Invoice and Goods receipt Note before the goods physically enter to boundary of the Delhi if:-
As per notification every shall submit details of Invoice and Goods receipt Note before the goods physically enter to boundary of the Delhi if:-
(1) His Gross Turnover GTO) in the Financial year 2012-13 was more 1 crore or
(2) his GTO in current year attains the lower limit of Rs.1 crore on any date
but dealer who is dealing in tax free goods exclusively will not be required to file such information.
Such details have to be furnished for all goods purchased or received as stock transfer or received on consignment basis
Details has to be submitted in prescribed and in electronically mode (i.e.online uploading) in department's website.
Details can be submitted through mobile also but same must be furnished in website also within 24 hours
For more detail of notification can be reached HERE
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Be sincere or face serious consequence for Non-compliance -Delhi VAT
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Time-limit extended for filing ITR-V Forms for Assessment Years 2009-10, 2010-11 and 2011-12 till 31.03.2014
Press Information Bureau
Government of India
Ministry of Finance
Government of India
Ministry of Finance
26-February-2014 17:38 IST
The Central Board of Direct Taxes (CBDT) has extended the time-limit
for filing ITR-V Forms for Assessment Years 2009-10, 2010-11 and 2011-12
till 31.03.2014 for returns e-filed with refund claims within the time allowed under section 139 of the Income Tax Act.
Please find press release below:-
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Inter-state Stock Transfer & Form F under CST
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Change in Rule regarding issuing PAN Card
Now one more document is required to get new PAN card , Proof of date of Birth is also required aprt from the address proof and Id proof.
see press release below
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Inter-State Stock Transfer & Form F under central Sales Tax Act 1956
One of my friends
while reading article on “Form C” raised a query:-
è Whether a dealer should declare the transfer
of capital goods like Furniture , computers etc that are transferred to another
state for own use in his branch .
è Whether the transfer of these goods is to be
declared as Stock transfer in the returns. If yes or no , any court cases In
support of the same.
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Calculation of Stock-Out Cost
In cost Accounting there are lot of methods followed to have better control to reduce the the cost without of hampering the quality of product/service.
In material management, functions like setting various level of stock , determine the pricing method of material to be issued and received and fixation of accounting policy for recording of data etc etc are performed.
In material management, functions like setting various level of stock , determine the pricing method of material to be issued and received and fixation of accounting policy for recording of data etc etc are performed.
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withdrawn audit Report--Due Date of filing Audit Report of DVAT (AR-1) extended again up to 28th Feb -2014
Delhi Trade & Tax Department has withdrawn filing Audit report in current Format AR-1 till the new Format but no format prescribed so far as it is last date of filing today.
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No TDS on Service Tax amount
In recent circular CBDT has clarified that TDS
should not deducted where service tax amount has been shown separately. Earlier,
vide circular No.4/2008 date 28 April 2008 it was clarified that tax is to be
deducted at source under Section 194-I of the Act, on the amount of rent paid/payable without including
the service tax component. But now there
is no need to deduct TDS in any payments under Chapter XVII-B of the Act.
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One single window for CS registration
With a view to provide efficient and any- time service to students , the Institute of Company Secretaries of India (ICSI), working under the aegis of the Ministry of Corporate Affairs, has moved to complete online registration for the Company Secretaryship (CS) Course w.e.f 1.1.2014. Now the Institute accepts only online registration to the CS course.
CS Course is the flagship programme of ICSI. A person completing this course, both examination and training, is enrolled as a Member and becomes eligible to work as a Company Secretary either in employment or in practice. To facilitate the students registering for the CS Course, the Institute has placed an animated help to do online registration which is available on www.icsi.edu.
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