by Sailaja | Apr 2, 2015 | Indirect Taxes
Finance bill, 2015 has proposed to increase effective rate of Service Tax from 12.36% to 14%. It is wrongly reported in some quarters that the effective date of change in rate of Service Tax is 1st April, 2015. It is hereby clarified that the change in the rate of...
by Sailaja | Mar 16, 2015 | Corporate Laws
Position earlier to Companies Act 2013: Earlier, under old Companies Act regime, many companies accepted share application money under private placement and utilized the same for the business purpose even without allotment of shares. Position after enactment of...
by Sailaja | Mar 16, 2015 | Direct Taxes
SECTION 276B/276BB As per the Income Tax Act, the Tax Deducted amount should be paid within the stipulated time to the credit of Central Government. Consequences Prosecution will initiated where the cumulative interest payable u/s 201(1A) for all the years...
by Sailaja | Mar 16, 2015 | Direct Taxes
SECTION 200A: Amendment: The existing provision of Sec.200A does not provide mechanism for determination of late fee under Sec. 234E at the time of processing of TDS statements. It is, therefore, proposed to amend the provisions of Section 200A of the Act so as to...
by Sailaja | Mar 16, 2015 | Direct Taxes
Changes in Income Tax Provisions regarding Unsecured Loans applicable w.e.f 01.04.2015 Amended Provisions of Sec 269SS /269TT: In order to curb generation of black money by way of dealings in cash in immovable property transactions it is proposed to amend...
