Examples of few SMS sent during last week
Date Topic Message
02/12/2014 IRDA Insurance Brokers to ensure while appointing Auditor for 2015-16 onwards that Auditor can be retained for maximum 5 years. IRDA Circular of 30-10-14. Webtel
01/12/2014 GENERAL Individuals can borrow upto 10 lacs from banks against long term bonds for infrastructure & affordable housing. Loan period to be within maturity of bonds.
01/12/2014 INCOME TAX CBDT notifies threshold of Rs 100 cr or more for Advance Ruling for tax liability of resident from one or more transactions. IT Notification 73/2014 of 28-11-14
29/11/2014 DUE DATE TOMORROW(30-11-14)(Sun) is LAST DATE for e-filing 3CD & IT/WT Returns for Cos & other assessees (Tax Audit cases). Last date for Transfer Pricing cases also.
29/11/2014 CBDT Only for J&K, last date for e-filing 3CD etc & IT/WT Returns of Cos & others extended to 31-3-15 (Tax Audit,Transfer Pricing cases). CBDT Order of 28-11-14.
28/11/2014 DVAT Dealers selling goods to Embassies etc. must issue tax invoices & mention same in DVAT 31 & Annexure 2B to enable them to take Online VAT Refund. DVAT Notice
28/11/2014 DVAT EXTENSION to 9-1-15 of Last Date for e-filing Form 9 (Details of concessional interstate sales against forms C, F etc) for 2013-14. DVAT Circular 19 of 27-11-14
27/11/2014 DVAT Special Drive for disposal of Objections relating to Mismatch of Annexure 2A,2B cases for AY 2012-13. DVAT Circular 18 of 24-11-14. Regards, Webtel
27/11/2014 GENERAL Delhi to have increased FAR for plots of over 750 sq mtr to 200 & Ground Coverage to 50. No distinction now for plots of 750-1000 sq mtr & those above it.Webtel
26/11/2014 DUE DATE 30-11-14(SUNDAY) is LAST DATE for e-filing Form 3CD & IT/WT Returns for Cos & other assessees (Tax Audit cases). Last date for Transfer Pricing cases also.
26/11/2014 SERVICE TAX CENVAT Credit must be taken in 6 months on eligible document. Can claim re-credit of amount reversed after 6 months also. Circular 990/14/2014-CX-8 of 19-11-14.
20/11/2014 GENERAL Leasehold property can be transferred through assignment which is compulsory to register. Sub-registrar cant refuse registration.Delhi Govt Circular of 12-11-14
19/11/2014 GENERAL Kisan Vikas Patra (KVP) relaunched in Denominations of Rs. 1000, 5000, 10000 and 50000. No Upper Ceiling on Investment. Investment to Double in 100 Months.
19/11/2014 GENERAL Make e-payment of registration fee for all documents including properties in Delhi. To be mandatory after 3 months. Payment by DD/Cash to continue till then.
18/11/2014 MCA Cos registered in Jammu & Kashmir who could not hold AGM (other than first AGM) for 2013-14 in time, can hold it by 31-12-14. MCA Circular 45 of 18-11-14.
18/11/2014 GENERAL Make e-payment of registration fee for all documents including properties in Delhi. To be mandatory after 3 months. Payment by DD/Cash to continue till then.
18/11/2014 GENERAL Uniform formats & fees in SEZs for use of goods & taking approval of material by Developer, data for renewal of LOA, Lease Deed & Unit Annual Performance Report
17/11/2014 GENERAL Wef 13-11-14, invest upto 1.50 lacs instead of 1 lac in tax saving bank fixed deposit u/s 80C. Bank Term Deposit (Amendment) Scheme, 2014. Regards, Webtel
17/11/2014 DVAT TODAY(17-11-14) is the Last Date for e-filing/submitting paper copy of DVAT-16, 17 & 48 for Q2 of 2014-15. DVAT Circular 16 of 10-11-14. Regards, Webtel
15/11/2014 COMPANY LAW EXTENSION to 31-12-14 of Company Law Settlement Scheme, 2014 to file Annual Reports etc (to be filed by 30-6-14) with 25% Addl Fee. MCA Circular 44 of 14-11-14.
14/11/2014 DUE DATE TODAY (14-11-14) is LAST DATE to e-File Service Tax Return ST-3 for half year ended 30-9-14. E-payment mandatory wef 1-10-14. Regards, Webtel
14/11/2014 GENERAL Builder Buyer/Collaboration Agreement compulsorily registrable under Registration Act. Sub-registrars must register it. Delhi Govt Circular of 12-11-14. Webtel
13/11/2014 INCOME TAX PAN to be mentioned in Revised Form 10A (Application for Registration of Charitable or Religious Trust/ Institution). Regards, Webtel
13/11/2014 COMPANY LAW EXTENSION to 31-1-15 of Last Date of efiling CRA2 for Appointment of Cost Auditor. No need to file it if 23C already filed for 2014-15. Circular 42 of 12-11-14.
12/11/2014 GENERAL No fresh/renewal of existing deposits by Unrated Asset Finance Cos if they do not get investment grade rating by 31-3-16. Revised Regulatory Framework for NBFC
12/11/2014 COMPANY LAW Cos which filed ADT1 as attachment to GNL2 without AGM Resolution/Auditor Consent letter etc to file necessary documents in Form-67 in specified time. No fee.
12/11/2014 DVAT DVAT Dealers to use TIN for making sales at Trade Fair. Unregd Dealers from Delhi & out of Delhi to get regd as Casual Dealers. DVAT Advisory for Trade Fair.
11/11/2014 SERVICE TAX 14-11-14(Friday) is Extended LAST DATE to e-File Service Tax Return ST-3 for half year ended 30-9-14. E-payment Mandatory wef 1-10-14. Regards, Webtel
11/11/2014 GENERAL Statutory Auditor of NBFC to certify compliance of Minimum NOF of 1cr by Mar 2016 & 2 cr by Mar 2017. Failure to result in cancellation of NBFC registration
10/11/2014 DVAT TODAY(10-11-14) is Extended Last Date for e-filing/submitting paper copy of DVAT-16, 17 & 48 for Q2 of 2014-15. DVAT Circular 14 of 22-10-14. Regards, Webtel
10/11/2014 DVAT Further Extension to 17-11-14(Monday) of Last Date for e-filing/submitting paper copy of DVAT-16, 17 & 48 for Q2 of 2014-15. DVAT Circular 16 of 10-11-14.
10/11/2014 INCOME TAX No high-pitched assessments without proper basis & lengthy questionnaires or summons without due application of mind. IT Instruction of 7-11-14. Regards, Webtel
08/11/2014 DVAT 10-11-14(Monday) is Extended Last Date for e-filing/submitting paper copy of DVAT-16, 17 & 48 for Q2 of 2014-15. DVAT Circular 14 of 22-10-14. Webtel
08/11/2014 GENERAL Mandatory to mention in PF ECR(Electronic Challan Cum Return), NCP(Non-contributory period) days of staff absent from duty & whose wages deducted by employer
07/11/2014 COMPANY LAW Fee of 5000 for allowing period other than April to March as FY. For other fee refer, CLB(Fees on Applications & Petitions) Amendment Rules, 2014 wef 3-11-14.
07/11/2014 DUE DATE TODAY(07-11-14) is LAST DATE to deposit TDS/TCS of Oct 2014. Deposit TDS of various sections through single challan. Select any section while making payment.
07/11/2014 DUE DATE TODAY (07-11-14) is LAST DATE to deposit TDS/TCS of Oct 2014. Deposit TDS of various sections through single challan. Select any secti on while making payment.
06/11/2014 DUE DATE TODAY (6.11.14) (Gurupurab) is LAST DATEfor e-payment of ServiceTax for Oct 2014. Refer Circular 63/12/2003-ST of 14-10-03 for last date holiday. Rgds, Webtel
05/11/2014 SERVICE TAX Now 4 independent Service Tax Commissionerates for Delhi. Codes allotted for different ranges & divisions. F. No - DDM/3105/2014/S.T./16 of 15-10-14. Webtel
04/11/2014 GENERAL Madras High Court stays CBDT Order of 26-9-14 regarding levy of interest u/s 234A for late filing of ITR for AY 2014-15 (tax audit cases) in Oct & Nov 2014.
03/11/2014 MHA FCRA regd Associations pay expenses / payments of 20000 or more by Cheque/DD to avoid intensive scruntiny of records & accounts by Govt. MHA Circular of 21-10-14
01/11/2014 MHA FCRA regd Associations pay expenses/ payments of 20000 or more by Cheque/DD to avoid  intensive scruntiny of records & accounts by Govt.MHA Circular of 21-10-14
31/10/2014 TDS Govt  Deductors. TODAY(31-10-14) is LAST DATE to file TDS/TCS Returns for Q2 of 2014-15. Use FVU 4.4. Fee of 200 per day WITH RETURN from 1-11-14.Rgds Webtel
31/10/2014 GENERAL Wef 1.4.14, CSR spending mandatory for  PSEs as per Guidelines on Corporate Social Responsibility & Sustainability for Central Public Sector Enterprises.Webtel
30/10/2014 DUE DATE TODAY(30-10-14) is LAST DAY to issue Form 16A downloaded from TRACES & 27D(TCS certificate) for Q2 of 2014-15. Govt Deductors to issue by 15-11-14.Rgds Webtel
30/10/2014 COMPANY LAW TODAY(30-10-14) is LAST DAY to file Balance Sheet & P&L in Form 23AC & 23ACA (XBRL/ non-XBRL) for AGM held on 30-9-14. Additional filing fee wef tomorrow.
25/10/2014 SERVICE TAX Extension of last date for filing Service Tax Return in Form ST-3 for April-Sep 2014 from 25-10-14 to 14-11-14. ST Order 2 of 24-10-14. Regards Webtel
22/10/2014 EXCISE Place where sale takes place or when property in goods passes from seller to buyer, determines Place of Removal. Excise Circular 988/12/2014-CX of  20.10.14.
21/10/2014 COMPANY LAW 1 lac can be refunded to non- director  not getting 25% votes  for directorship as per discretion of Board of Sec 8(Sec 25) Co. Circular 38 of 14-10-14. Webtel
20/10/2014 COMPANY LAW Wef TODAY(20-10-14) Form ADT-1 is available for e-filing.  Do not file it as attachment to Form GNL-2. Use new version of forms 21A and INC-2. Regards, Webtel
20/10/2014 DUE DATE Saturday (25-10-14) is LAST DATE to e-File Service Tax Return ST-3 for half year ended 30-9-14. E-payment mandatory wef 1-10-14. Regards, Webtel
18/10/2014 COMPANY LAW Directors of  Cos who have filed Balance Sheets & Annual Returns late but between 1-4-14 & 14-8-14(before CLSS) NOT disqualified u/s 164.Circular 41 of 15-10-14
18/10/2014 SERVICE TAX Service Tax applies on service provided by agent/sub-agent, bank to foreign money transfer operator & on currency conversion for payee. Circular 180 of 14-10-14
17/10/2014 GENERAL Unified Portal for Registration of Units for LIN, Reporting of Inspection, Submission of Returns & Grievance Redressal launched.(www.efilelabourreturn.gov.in)
17/10/2014 COMPANY LAW Directors of  Cos who have filed Balance Sheets & Annual Returns late but between 1-4-14 & 14-8-14(before CLSS) NOT disqualified u/s 164.Circular 41 of 15-10-14
17/10/2014 INCOME TAX For J&K, AP, Telengana & Orissa, date of TDS Q2 Returns extended to 7-11-14 for Govt Deductors & 31-10-14 for private deductors.CBDT Press Release of 17-10-14
16/10/2014 SERVICE TAX Service Tax applies on service provided by agent/sub-agent, bank to foreign money transfer operator & on currency conversion for payee. Circular 180 of 14-10-14
15/10/2014 COMPANY LAW Wef FY 2015-16, Co Audit Report to state about existence of Adequate Internal Financial Controls System & its Operating Effectiveness. Notification of 14-10-14.
15/10/2014 DUE DATE TODAY(15-10-14) is LAST DAY to file(1)Q2 TDS/TCS Returns of Non-Govt Deductors(2) Pending MCA documents under CLSS 2014 with 25% fee(3)ADT1 for AGM on 30-9-14
14/10/2014 GENERAL File Q2 TDS/TCS Returns of  non-govt deductors by TOMORROW(15-10-14). In case of delay, Tax Auditor to CERTIFY inclusion of 100% transactions in 34(b) of 3CD.
14/10/2014 COMPANY LAW Co to file ADT1 with e-form GLN2 for appointment of Auditor in 15 days of AGM. For AGM on 30-9-14, ADT1 to be filed by 15-10-14 (Tomorrow). Regards, Webtel
14/10/2014 GENERAL Mandatory to mention in PF ECR(Electronic Challan Cum Return), NCP (Non-contributory period) days of staff absent from duty & whose wages deducted by employer
13/10/2014 DVAT DVAT Dealers provide Tax Rate wise details of Closing Stock in hand as on 31st March 2014 in Annexure 1D of Q2 DVAT Return of 2014-15 to be filed by 25-10-14.
13/10/2014 EXCISE To clear doubts raised in case of Travelite (India) HC Delhi, CBEC clarifies  Excise officers have powers  to conduct audit. Circular 986/10/2014-CX of  9.10.14
11/10/2014 DUE DATE 15-10-14 is LAST DATE to avail CLSS 2014. File Annual Reports etc to be filed by 30-6-14 with 25% Additional Fee. No Prosecution/ Disqualification u/s 164(2).
11/10/2014 COMPANY LAW Use DIR-3C to intimate DIN of Directors appointed before 30-6-07. Contact ROC for entering details of such directors if no Authorised Signatory regd on MCA.
10/10/2014 INCOME TAX Clarification regarding allowability of deduction u/s 10A/10AA on transfer of Technical Man-Power in the case of software industry. Circular 14/2014 of 8-10-14.
10/10/2014 TDS TODAY(10-10-14) is LAST DATE to deposit TDS/TCS of Sep 2014 without interest. Deposit interest @ 1.5% pm for full month for even single day delay.  Rgds, Webtel
09/10/2014 DUE DATE 15-10-14(Wed) is LAST DAY to file TDS/TCS Returns for Q2 of 2014-15. In FVU 4.4, Deductee Ref No Mandatory if PAN invalid. (Govt  Returns by 31-10-14). Webtel
08/10/2014 INCOME TAX Computerised Scrutiny cases in FY 14-15 on basis of AIR, CIB or  non reco with 26AS to be limited to verification of these aspects.  IT Instruction 7 of 26-9-14
08/10/2014 DVAT Adjustment of DVAT due to Purchase Returns, Rate Difference or Trade Discount to be done in Quarter in which Dr/Cr note issued by Seller. Circular 11 of 8-9-14.
08/10/2014 GENERAL Login to www.attendance.gov.in to check presence with in & out time of concerned government official in office. Biometric attendance linked with Aadhar. Webtel
07/10/2014 GENERAL Pay Service Tax in time as wef 1-10-14, Interest payable for delayed payment @ 18% pa for 6 months,24%pa for 6 to 12 months & 30% pabeyond 1 year. Rgds, Webtel
07/10/2014 TDS Deposit TDS/TCS of Sep 2014 till Fri, 10 Oct without interest. Deposit TDS of  various sections through single challan. Select any section while making payment.
06/10/2014 DUE DATE TODAY(6.10.14) is LAST DATE for payment of Service Tax for month/quarter ended Sep 2014. E-payment now Mandatory for ALL Assessees.  (Bank Holiday due to Id)
01/10/2014 TDS 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).Webtel
01/10/2014 INCOME TAX Difference of 1% in Wholesale Trade & 3% in others allowed for Domestic & International Transfer Pricing Transactions for AY 14-15. Notification 45 of 23-9-14.
30/09/2014 DUE DATE TODAY(30-9-14) is LAST DATE for  e-filing  forms 29B(MAT),10B (Charitable/Religious Trust), 10BB (Educational Institutions)etc where 30-9-14 is due date of ITR.
30/09/2014 DUE DATE (TODAY) 30-9-14 is LAST DATE for  filing  ITR/Wealth  Tax Returns for Cos & other assessees  where due date is 30-9-14 & Tax Audit  not applicable. Rgds, Webtel
29/09/2014 GENERAL File MGT-14 in 30 days of approval of Annual Accounts & Board Report for 2013-14. 30-9-14(TOMORROW) is last date for Board meeting held on 30-8-14. Sec 117, 179
29/09/2014 DUE DATE 30-9-14(Tomorrow) is LAST DATE for  filing  ITRs for Cos etc where due date is 30-9-14 but Tax Audit NOT APPLICABLE. Tax Audit cases can file by 30-11-14.Webtel
29/09/2014 GENERAL Wef 1.10.14, epayment of Service Tax Mandatory for ALL Assessees.  Individuals & firms pay by 6th of  month following quarter. Others pay by 6th of next month.
29/09/2014 DUE DATE 30-9-14(Tomorrow) is also LAST DATE for  filing  Wealth  Tax Returns for Cos and other assessees  where due date for ITRs is 30-9-14 (where Tax Audit NA etc).
27/09/2014 INCOME TAX NO EXTENSION of Due date of  IT Returns for Cos etc where due date is 30-09-2014 but Tax Audit NOT APPLICABLE. (Extn for partners of firms where TA applies).
26/09/2014 INCOME TAX EXTENSION of Due date of  IT Returns of Cos & Other Audit cases to 30-11-2014. But Interest payable u/s 234A after 30-9-14. IT Order of 26-9-14. Regards, Webtel
26/09/2014 DVAT Extension to 28-11-14 of  LAST DATE to furnish CST Form 9 for  2013-14 by  dealers for interstate sales made against central forms. DVAT Circular 13 of 26-9-14.
26/09/2014 INCOME TAX Certificate for NIL TDS to be issued to each Deductor separately. Common Certificate for Lower deduction to be issued to Deductee. Revised Rule 28AA wef 24-9-14
26/09/2014 INCOME TAX Mandatory to mention PAN of Donee in Schedule 80G in ITR. PAN of  Prime Minister National Relief Fund is AACTP4637Q, South Block, PM Office, New Delhi-110001.
25/09/2014 GENERAL CENVAT Credit for Clause 27(a) in 3CD includes CENVAT credit on inputs,  services & capital goods used for Service Tax also. See ICAI Guidance Note for details.
24/09/2014 GENERAL New Circle Rates in Delhi wef  23-9-14(in lacs)-A-7.74(6.45), B- 2.45(2.05), C-1.60(1.31), D-1.28(1.06), E-0.70 (0.58), F-0.57(0.47), G-0.46(0.38), H-0.23(0.19)
24/09/2014 TDS New FVU  4.4 for e-TDS/TCS Statements wef 23-9-14. Certificate No of 10 digits u/s 197. Deductee Ref No Mandatory if PAN invalid. AIN Mandatory for Govt. Webtel
23/09/2014 COMPANY LAW DIR-1, DIR-4 & DIR-7 omitted. DIR-3 & DIR-6 substituted. New forms DIR-3A(Declaration), DIR-3B(Intimation of DIN to Co) & DIR-3C(Intimation of DIN by Co).Webtel
22/09/2014 GENERAL Attn CAs. Limit of 60 for Tax Audit applicable to Assessment Year & not Financial Year. Applicable wef AY 2014-15. ICAI Revised Council Guidelines. Rgds, Webtel
22/09/2014 INCOME TAX Rate of Depreciation 80% on Windmills etc  &  electric generators etc running on wind energy, installed on or after 1-4-14. CBDT Notification  43 of 16-9-14
20/09/2014 GENERAL For Cos & Audit cases, if filing ITR before 3CD,say YES for Whether Liable for Tax Audit & NO for Whether Accounts audited by accountant.Leave CA Name etc blank
20/09/2014 TAX AUDIT 3CD Tip. If Assessee  is liable for TDS/TCS but TAN not taken/available, write DTAN99999T in Clause 34(a) of  Tax Audit Report in Form 3CD. Regards, Webtel
19/09/2014 GENERAL Employers furnish CBS Bank Account No & IFSC code of existing PF members by 15-10-14, ex-staff  by 31-10-14 & new staff on joining.EPFO Press release of 18-9-14
19/09/2014 CBDT Only for Tax payers in Jammu & Kashmir. CBDT  extends last date for payment of  Advance Tax for FY 2014-15 (AY 2015-16) from 15-9-14 to 15-12-14. Regards Webtel
18/09/2014 DVAT No waiver of penalty under Amnesty Scheme if imposed for preparation of books of accounts in a false, misleading & deceptive manner. DVAT Circular 12 of 11-9-14
18/09/2014 MVAT E-payment of Profession Tax, Luxary Tax & Sugarcane Purchase Tax through GRAS portal optional. Will be made mandatory soon. MVAT Trade Circular 16T of 17-9-14.
18/09/2014 GENERAL Employers to inform Universal Account Number(UAN) to each PF subscriber & keep acknowledgement to that effect in records for future reference. Regards, Webtel
17/09/2014 GENERAL Clarifications regarding Amendments to Appeal provisions in Customs, Central Excise & Service Tax in Finance Act, 2014. Circular No 984/08/2014-CX of 16-9-14.
17/09/2014 GENERAL Employees activate account on UAN based member portal on epfindia.gov.in for PF portability, to check latest balance or get receipt of monthly contribution etc.
16/09/2014 GENERAL Now deposit PF online from 56 banks including SBI, SBBJ, PNB, PSB, Corporation Bank, Axis Bank, Bank of India, Central Bank of India, HDFC Bank, Yes Bank etc.
16/09/2014 CBDT NO Extension of due date of ITRs for Cos & other audit cases in rest of India. Extension till 30-11-14 for assessees of Jammu & Kashmir. CBDT Order of 16-9-14.
16/09/2014 GENERAL Employers registered with ESIC update Mobile No & E-mail id of Proprietor/Partners/MD/CEO & PIN Code of area at www.esic.nic.in. Regards, Webtel
15/09/2014 GENERAL File Online TDS Correction without Digital Signature at TRACES from FY 2012-13. Digital Signature required only for PAN Corrections. Regards, Webtel
08/09/2014 GENERAL Employers registered with ESIC to update Mobile No & E-mail id of Proprietor/Partners/MD/CEO & PIN Code of area at www.esic.nic.in by 10-9-14. Regards, Webtel
05/09/2014 DUE DATE TODAY(5-9-14) is LAST DAY for deposit of Service Tax of Aug 2014(e-payment:6th). Deposit TDS/TCS by 7-9-14(Sunday). Do not deduct TDS on ST portion of bill.
04/09/2014 CBDT Compulsory Manual Selection of Cases for Scrutiny during FY 2014-15 besides computer scrutiny cases. CBDT Instruction 6/2014  of 2-9-14. Regards, Webtel
03/09/2014 CA Wef 1.4.14, CA Firms/LLPs can be registered/reconstituted with more than 20 partners under Indian Partnership Act / Limited Liability Partnership Act. Webtel
03/09/2014 COMPANY LAW Clarification of Capitalisation of part cost in case of  Competitive Bid Power Projects as per AS 10 & 16. MCA General Circular 35 of 27-8-14. Regards, Webtel
30/08/2014 GENERAL For 2014-15, Minimum Pension raised to Rs 1000 pm, Minimum Children Pension  raised to 250 pm & Orphan Pension to Rs 750 pm. Notification GSA 593(E) of 19-8-14.
29/08/2014 GENERAL Limit of Salary for Provident Fund contribution raised from Rs 6,500 to Rs 15,000 wef 1-9-2014. Notification G.S.R. 608 (E)  of 22-8-14. Regards, Webtel
28/08/2014 SERVICE TAX Wef 1.10.14, Rate of exchange for Valuation of Taxable Services shall be as per GAAP principles instead of  notified rates. Notification 19/2014-ST of 25-8-14
27/08/2014 DUE DATE 31-08-14(SUNDAY) is Last Date to file  AIR Return Form 61A by Banks, Cr Card Cos, Mutual Funds, Property Registrars to report High Value deals for 2013-14.
27/08/2014 SERVICE TAX Service Tax applicable on Radio Taxies & Advertisement other than in print media wef 1-10-14.(Radio, TV already applicable). Notification 18/2014-ST of 25-8-14
26/08/2014 DVAT Banquet Halls etc get registered with DVAT & give details of functions where booking cost exceeds 1 lac in Form BE-2, to avoid penalty. Circular 9 of 21-8-14.
25/08/2014 RBI NBFCs to accept only Group 1 securities as collateral for loans of more than 5 lacs & maintain LTV ratio of 50%. RBI Circular RBI/2014-15/186 DNBSXX of 21-8-14.
22/08/2014 RBI NBFCs to accept only Group 1 securities as collateral for loans of more than 5 lacs & maintain LTV ratio of 50%. RBI Circular RBI/2014-15/186 DNBSXX of 21-8-14.
21/08/2014 INCOME TAX TDS benefit  to assessee if  deductor has deducted TDS & issued Form 16A even if such credit is not in Form 26AS. Sumit Devendra Rajani Vs ACIT, Gujarat HC.
21/08/2014 INCOME TAX NO Automatic Extension of Due date of  IT Returns of Cos & Other Audit cases, which remains 30-9-14. Extension only for Tax Audit Report till 30-11-2014. Webtel
20/08/2014 CBDT CBDT EXTENDS due date for obtaining & furnishing Tax Audit Report for AY 2014-15 from 30-9-14 to 30-11-14. 3CD filed in old format from 1-4-14 to 24-7-14 valid.
20/08/2014 GENERAL Wef 13-8-14, limit of PPF deposit raised from 1 lac to 1.50 lacs. Limit already raised in Sec 80C. Public Provident Fund (Amendment) Scheme, 2014. Rgds, Webtel
20/08/2014 ITAT Tax Audit applicable to CA Partner if  his income from Firm exceeds limit u/s 44AB. Penalty leviable for non-compliance. Usha A Narayanan Vs DCIT. ITAT Kolkata
19/08/2014 GENERAL No Audit Committee Meetings using video conferencing etc for Board approval of standalone or CONSOLIDATED financial statement by Board. Cos Amndt Rules, 14-8-14
18/08/2014 COMPANY LAW MCA specifies amounts beyond which Special Resolution must for transactions with Related Parties. Cos (Meetings of Board & its Powers)2nd Amend Rules of 14-8-14
16/08/2014 GENERAL Ensure 197 Certificate quoted in TDS statements is Alpha-numeric (10 digits), not expired, valid for relevant period, PAN & section & threshold not exceeded.
14/08/2014 GENERAL Direct  PAN  login  from  your Corporation Bank, Union Bank of India & Oriental Bank of Commerce Net Banking account. Shortly other banks to offer it. Webtel
13/08/2014 GENERAL Cos file Annual Reports etc to be filed by 30-6-14, by 15-10-14.Only 25% Additional Fee, No Prosecution & No Disqualification of Directors u/s 164(2). CLSS 2014
13/08/2014 GENERAL Proposed PF Amendments. Pensionable Salary for calculating pension to be Average pay pm in last 60 months before exit. (Pro-rata basis for increase in limit)
12/08/2014 DVAT 30-9-14 is LAST DATE to furnish CST Form 9 for  2013-14. Furnish for 2010-11, 2011-12 & 2012-13 also if assessment not complete. DVAT Circular 5 of 4-8-14.
11/8/2014 DVAT Further EXTENSION to 19-8-14(Tuesday) of Last Date for e-filing/submitting paper copy of DVAT-16, 17 & 48 for Q1 of 2014-15. DVAT Circular 8 of 8-8-14. Webtel
11/08/2014 GENERAL PF Inspection  by 31-8-14 & report by 7-9-14 to check cases where PF contribution is on 50% or lesser of total wages. PF Circular of 6-8-14. Regards, Webtel
09/08/2014 MVAT Dealers check Tax Liability for 2011-12 on www.mahavat.gov.in as per data analysis of e-returns, e-704 etc (Computerised Desk Audit). Trade Cir 14T of 6-8-14.
09/08/2014 DVAT Instructions for Processing of Refund Claims to Assessing Authorities. DVAT Circular 06 of 2014-15 dated 4-8-2014. Regards, Webtel
08/08/2014 CA Attn CA Firms. 10-8-14(Sunday) is  Last date to submit Online form on www.meficai.org  for Empanelment for Bank  Audit etc for 2014-15. Hard copy by 20-8-14.
07/08/2014 DVAT DVAT Dept to cancel Assessment Orders in system in certain cases where DSC-3 issued but subsequently dealer has availed Amnesty Scheme. Circular 7 of 5-8-14.
07/08/2014 GENERAL Finance(No 2) Bill  2014 becomes  Finance(No 2) Act 2014 on 6-8-14 with President assent. Provisions applicable from passing of  budget applicable wef 6-8-14.
07/08/2014 MVAT 30-9-14 is LAST DATE for MVAT Dealers to file returns up to Feb 2014 by paying late fee of Rs 1000 for each return instead of Rs 5000. Trade Cir 13T of 2-8-14.
06/08/2014 GENERAL Proposed Change. EPS only for  EPF members whose salary at time of becoming PF member is upto Rs. 15,000 pm. For others, entire contribution to go to PF.Webtel
04/08/2014 GENERAL Revised Tax Audit Report. Registration No of ST/VAT etc. to be given. Details of Disqualification etc. in Cost/Excise/SERVICE TAX Audit to be given. Webtel
02/08/2014 GENERAL Attn CA Firms. Extension of Last date to submit Online form on www.meficai.org for Empanelment for Bank Audit etc for 2014-15 to 10-8-14.Hard copy by 20-8-14.
02/08/2014 GENERAL Proposed PF Amendments. Pension only for EPF members whose salary at time of becoming PF member is upto 15000 pm. For others, entire contribution to go to PF.
02/08/2014 COMPANY LAW DIN MUST in return, information etc which relate/contain reference of a Director (Sec 158, CA 2013). Fine upto 10,000 & 1,000 per day for continuing default.
01/08/2014 GENERAL Proposed PF Amendments. No option to contribute to PF if salary exceeds the prescribed limit which is proposed to be increased to Rs. 15,000 pm. Regards, Webtel
31/07/2014 DUE DATE Govt Deductors – TODAY(31-7-14) is last date to file TDS/TCS Returns for Q1 of 2014-15. Use FVU 4.3. Fee of 200 per day WITH RETURN from TOMORROW. Rgds Webtel
31/07/2014 DUE DATE TODAY(31-7-14) is LAST DATE for filing ITR/WTR by Salaried & other Non-Audit cases. E-filing Mandatory for Income above 5 lacs. Paper WTR for non-audit cases.
30/07/2014 DUE DATE TOMORROW(31-7-14) is LAST DATE for filing ITR/WTR by Salaried & other Non-Audit cases. E-filing Mandatory for Income above 5 lacs. Paper WTR for non-audit cases
30/07/2014 DUE DATE TODAY(30-7-14) is last date to issue Form 16A/ 27D for Q1 of 2014-15. ITD can track it as it is to be downloaded from TRACES. Penalty of Rs. 100 per day. Webtel
29/07/2014 INCOME TAX 3CD uploaded in old format NOT VALID EVEN FOR EARLIER AYs as new 3CD applicable wef 25-7-14. New Electronic form of 3CD to be launched shortly by ITD. Webtel
29/07/2014 DVAT EXTENSION to 8-8-14(Friday) of Last Date for e-filing/submitting paper copy of DVAT-16, 17 & 48 for Q1 of 2014-15. DVAT Circular 4 of 28-7-2014. Regards, Webtel
29/07/2014 DUE DATE Govt Deductors - Thursday(31-7-14) is last date to file TDS/TCS Returns for Q1 of 2014-15. Use FVU 4.3. Fee of 200 per day WITH RETURN from 1-8-14.Rgds Webtel
29/07/2014 GENERAL New Forms 3CD/3CA/3CB Notified. Details of TDS/TCS Returns, TCS non-compliances, Interest on TDS/TCS, Disallowances u/s 40(a). Notification of 25-7-14. Webtel
29/07/2014 INCOME TAX Deduction u/s 10A/10AA available to Software/ IT enabled business on transfer of upto 20% of technical staff to a new SEZ in first year. Circular 12 of 18-7-14.
28/07/2014 DUE DATE 31-7-14(Thursday) is LAST DATE for filing ITRs by Salaried & other Non-Audit cases where Income exceeds Taxable limit. E-filing MUST for Income above 5 lacs.
28/07/2014 DUE DATE 4-8-14 is LAST DATE for all Food Business Operators like manufacturers, restaurants etc in Delhi to apply for License /Registration.E-file at www.fssai.gov.in.
28/07/2014 DUE DATE 30-7-14(Wednesday) is last date to issue Form 16A/ 27D for Q1 of 2014-15. ITD can track it as it is to be downloaded from TRACES. Penalty of Rs. 100 per day.
26/07/2014 INCOME TAX Check PAN of KARTA in Profile of HUF in Assessee Login on IT e-filing website. Update, if not already updated. Otherwise problem in e-filing ITR of HUF. Webtel
26/07/2014 COMPANY LAW MD/CEO of Public Co with Paid up Share Capital =100 cr & Turnover =1000 cr having separate CEO for each business, can be Chairman also. MCA Noti of 25-7-14.
25/07/2014 BUDGET 2014 Long Term Capital Gains on Mutual Fund Units transferred after 10-7-2014(date of Budget 2014) taxable at 20%. Taxable at 10% if transferred till 10-7-14. Webtel
25/07/2014 GENERAL Special Counters for Returns of Salaried Persons with Income upto 5 lacs at Pratayakshkar Bhawan, Civic Centre Delhi on 25(TODAY), 26, 28, 30 &31 July.Webtel
25/07/2014 COMPANY LAW Resolutions passed under CA Act 1956 during 1-9-13 to 31-3-14 valid till later of ,1 year from passing or 6 months from new provision. Circular 32 of 23-7-14
25/07/2014 BUDGET 2014 Capital Gains to be Long Term for Unlisted Securities & Units of MF held for more than 36 months if transferred after 10-7-14 (date of Budget 2014). Webtel
25/07/2014 INCOME TAX Income Tax Department open on 26 & 27 July, 2014 (Saturday & Sunday) for acceptance of returns during normal office hours. Order dated 24-7-14. Regards, Webtel
24/07/2014 INCOME TAX Get IT Login Password on New E-mail id & Mobile using OTP(PIN) by providing TAN, OLTAS CIN for tax paid in AY 13-14 or 14-15 or Bank Account No in E-ITR.Webtel
24/07/2014 INCOME TAX In Schedule AL in ITR 3,4 mention Total Premum paid under Insurance Policy, Cost to Previous Owner for asset under Gift/Will & Cost in case of Others. Webtel
23/07/2014 GENERAL Employee can take benefit of 80G for Donation through Employer to PM National Relief Fund, CM/LG Relief Fund, as per employer certificate. Circular 2 of 12-1-05
23/07/2014 GENERAL For funds setup by Government u/s 80G(2) like National Defence Fund, PM Drought Relief Fund, Chief Minister Relief Fund etc. use PAN as GGGGG0000G in ITR.
22/07/2014 COMPANY LAW EXTENSION till 18-8-14 of validity of Names reserved for Incorporation of Cos (which are expired as on 19-7-14). MCA General Circular 31 of 19-7-14. Rgds Webtel
22/07/2014 INCOME TAX Mandatory to mention PAN of Donee in Schedule 80G in ITR. PAN of Prime Minister National Relief Fund is AACTP4637Q, South Block, PM Office, New Delhi-110001.
21/07/2014 COMPANY LAW An Independent Director is NOT a Related Party. Change in Rule 3. Companies (Specification of definitions details) Amendment Rules, 2014. Regards, Webtel
19/07/2014 COMPANY LAW Section188 of CA 2013(for Related Party) not applicable to transactions arising from Compromises, Arrangements & Amalgamation. MCA Circular 30 of 17-7-14.Webtel
19/07/2014 COMPANY LAW Fresh approval u/s 188(for Related Party) for contracts before 1-4-14 entered u/s 297 of CA 1956, only if changes made in them. MCA Circular 30 of 17-7-14.Webte
18/07/2014 RBI Clarified that Residents can purchase Immovable Property abroad under Overall Limit of US $ 125000 per FY.RBI/2014-15/132 AP(DIR Series) Circular 5 of 17-7-14.
18/07/2014 COMPANY LAW Only those members cant vote on special resolution to approve a contract or arrangement for which they are related parties. MCA Circular 30 of 17-7-14. Webtel
17/07/2014 INCOME TAX Budget Update. Pay interest @ 18% for delay in deposit of service tax upto 6 months, 24% for 6-12 months and @ 30% for delay beyond 12 months. Rgds, Webtel
17/07/2014 BUDGET 2014 Budget Update. Reverse charge applicable to Service provided by a Director to a body corporate & Services provided by Recovery Agents to Banks, FIs & NBFCs
16/07/2014 INCOME TAX Acceptance or Repayment of Loan or Deposit by ECS through bank account allowed u/s 269SS & 269T if other conditions regarding quantum etc satisfied.Rgds, Webtel
16/07/2014 GENERAL Field visits by PF Officers to find out employees with salary between 6500 & 15000 to ensure compliance, once relevant notification is issued. PF Cir of 14-7-14
15/07/2014 DUE DATE TODAY(15-7-14) is LAST DAY to file TDS/TCS Returns for Q1 of 2014-15.Use FVU 4.3. Fee of 200 per day WITH RETURN from TOMORROW.(Govt Returns by 31-7-14).Webtel
15/07/2014 DUE DATE TODAY(15-7-14) is LAST DAY to e-file Revised Annual Return of Foreign Assets & Liabilities of Companies accepting FDI with RBI. RBI AP Circular 145 of 18-6-14
14/07/2014 BUDGET 2014 Budget Update. Presumptive Income of Rs.7,500 pm for all types of goods carriage without any distinction between HGV and others. Regards, Webtel
14/07/2014 GENERAL 30%(100% earlier) of ALL(certain expenses earlier) expenses on which tax is deductible but not deducted/deposited till due date of return, to be disallowed.
12/07/2014 COMPANY LAW Wef 21-7-14, STP processing of MGT 14, except for Change of Name or Object, Resolution for Further Issue of Capital & Conversion of Cos. Circular 28 of 9-7-14.
12/07/2014 GENERAL Long Term Capital Gain on Units of Mutual Funds taxable @ 20% instead of 10%. Advance for transfer of capital asset, forfeited will be Income from Other Sources
11/07/2014 BUDGET 2014 Budget 2014. No Capital Gains exemption u/s 54 & 54F for multiple Residential House Properties. Cant invest in specified bonds more than 50 lacs in 2 FYs.Webtel
11/07/2014 GENERAL PF to be applicable on monthly salary of Rs. 15000 instead of 6500 earlier. Minimum pension of Rs 1000 pm to all PF subscribers. Notifications awaited. Webtel
11/07/2014 CBDT No appeals by ITD for tax loss upto 4 lacs for ITAT, 10 lacs for High Court & 25 lacs for Supreme Court & as per merits of case. CBDT Instruction 5 of 10-7-14.
10/07/2014 INCOME TAX IT Exemption raised to 3 lacs for Sr Citizens & 2.5 lacs for others. 80C limit raised to 1.50 lacs. Interest benefit of Self Occupied Property raised to 2 lacs
10/07/2014 BUDGET 2014 Budget 2014. Period of holding for LTCG for Unlisted Security & Unit of Mutual Fund (other than Equity Oriented) increased from 12 to 36 months. Regards, Webtel
09/07/2014 ICAI ICAI clarified that Auditor to report on Adequacy & Operating Effectiveness of Internal Financial Controls Systems in Co from FY starting on or after 1-4-14
08/07/2014 DUE DATE 15-7-14 is LAST DAY to file TDS/TCS Returns for Q1 of 2014-15.Use FVU 4.3. Fee of 200 per day WITH RETURN from 16-7-14.(Govt Returns by 31-7-14). Rgds, Webtel
07/07/2014 RBI RBI not to issue instructions clarifying tax issues under FEMA. Banks to comply with tax laws for remittances to non-residents etc.RBI Circular 151 of 30-6-14.
07/07/2014 COMPANY LAW Existing employee benefit schemes can be aligned with SEBI (ESOS & ESPS) Guidelines, 1999 when new regulations are notified. SEBI Circular of 27-6-14. Webtel
05/07/2014 INCOME TAX ITD relaxes requirement of 1 Mobile No & e-mail id for Maximum 10 assessees in PAN Login instead of 4. Give CA Mobile & e-mail in secondary contact. Rgds Webtel
05/07/2014 INCOME TAX TODAY(5-7-14) is LAST DAY for deposit of Service Tax of Jun 2014(e-payment:6th). Deposit TDS/TCS by 7-7-14(Monday). Do not deduct TDS on ST portion of bill.
04/07/2014 CA Attn CAs. Limit of 60 for Tax Audit applicable to Assessment Year & not Financial Year. Applicable wef AY 2014-15. ICAI Revised Council Guidelines. Rgds, Webtel
04/07/2014 COMPANY LAW 4 classes of companies to maintain Cost Records & subject to Cost Audit as per net worth / turnover. Companies (Cost Records and Audit) Rules, 2014 of 30-6-14.
03/07/2014 CA Attn CA Firms. Last date to submit Online form on www.meficai.org for Empanelment for Bank Audit etc for 2014-15 is 4-8-14. Submit hard copy by 14-8-14.Webtel
03/07/2014 SEBI No Annual Physical Demat Statement by DP if balance is zero & no transaction during year if annual charges not paid. E-statements to be sent.SEBI Cir of 1-7-14
02/07/2014 DVAT CS, CMA can do UP VAT Audit as they are also included in definition of Accountant. Uttar Pradesh Value Added Tax (Fifth Amendment) Rules, 2014. Regards, Webtel
02/07/2014 DVAT Haryana WCT Rate increased from 4% to 5% wef 20-6-14. Notification No. S.O. 67/HI.A.6/203/S.24/2014 of 20-6-14. Regards, Webtel
02/07/2014 COMPANY LAW Old Forms 23C & 23D not to be used for Appointment of Cost Auditor. New forms as per new Cost Records & Audit Rules to be made available shortly. Rgds, Webtel
01/07/2014 COMPANY LAW EXTENSION TO 31-8-14 of LAST DATE to file Return of Deposits as on 1-4-14 in DPT-4 attached to GNL-2 by ALL Cos. MCA General Circular 27 of 30-6-14. Webtel
01/07/2014 ESI New ESI Amnesty Scheme 2014 applicable till 27-1-15. Employers & Insured Persons can avail it for Withdrawal/Settlement of Pending Court Cases. Regards, Webtel
30/06/2014 DUE DATE TODAY(30-6-14) is LAST DATE to pay balance 50% Service Tax Dues under VCES(without interest) & for Cos to file Return of Deposits on 1-4-2014 in DPT-4.Webtel
30/06/2014 COMPANY LAW Co to have at least 1 Resident Director from Incorporation if formed after 30.9.14 & in 6 months if formed from 1.4.14 to 30.9.14. MCA Circular 25 of 26-6-14
28/06/2014 RBI Revised Annual Return of Foreign Assets & Liabilities of Companies accepting FDI to be e-filed with RBI by 15-7-14. RBI AP (DIR SERIES) Circular 145 of 18-6-14
28/06/2014 COMPANY LAW At least 1 Director to be in India for 182 days in last Calendar Yr. For 2014, must be resident for minimum 136 days from 1-4-14 to 31-12-14. Cir 25 of 26-6-14
27/06/2014 RBI Wef 14-7-14, customers can initiate RTGS transactions 3 working days in advance. RBI/2013–14/651 DPSS (CO) RTGS No.2589/04.04.017/2013-14 of 20-6-14.Rgds Webtel
27/06/2014 ICAI ICAI clarifies that Fraud Reporting u/s 143(12) applicable to Audits from 2014-15, not applicable to Interim Audits like Quarterly or Half Yearly Audits. Webtel
26/06/2014 GENERAL Excise duty cut in Interim Budget 2014 for Cars, Capital goods, Consumer durables extended till 31-12-14. Notification 06/2014- CE of 25-6-14. Regards, Webtel
26/06/2014 COMPANY LAW Form 20B/21A (& not MGT-7) for Annual Returns upto FY 2013-14. Cos to allow free inspection of records till change made in Articles. Circular 22 of 25-6-14.
25/06/2014 INCOME TAX E-file Wealth Tax Returns with Digital Signature from AY 14-15. Individuals/HUF can file manually for AY 14-15 if no Tax Audit. IT Notification 32 of 23-6-14
25/06/2014 COMPANY LAW 30-6-14(Mon) is LAST DATE to file Return of Deposits on 1-4-14 in DPT-4 attached to GNL-2 by ALL Cos. Repay Deposits by 31-3-15 or by due date, if earlier.
24/06/2014 GENERAL 1 Mobile No & e-mail id for Maximum 4 assessees in PAN Login. Update for your clients as cant proceed without it. Give CA Mobile & e-mail in secondary contact
24/06/2014 DVAT Fill Form 9 Online for Refund cases of 2012-13 & 2013-14. For Refund due to Exports, submit Exportwise details of e-BRC. DVAT Public Notice of 24-6-14. Webtel
23/06/2014 COMPANY LAW Clarifications with regard to provisions of Corporate Social Responsibility u/s 135 of Companies Act, 2013. MCA General Circular No. 21/2014 of 18-6-14. Webtel
23/06/2014 COMPANY LAW Name, Designation, Address, Membership No or DIN of signatory MUST on any document (paper or electronic) filed. Rule 7 of Cos (Regn Offices & Fees) Rules, 2014.
21/06/2014 DUE DATE 30.6.14 is Last Date for Payment of balance 50% Service Tax Dues under VCES (without interest). Can pay by 31.12.14 (with interest wef 1-7-14). Rgds, Webtel
21/06/2014 GENERAL 1 Mobile No & e-mail id for Maximum 4 Assessees in PAN Login. Update for your clients as cant proceed without it. Give CA Mobile & e-mail in secondary contact
20/06/2014 COMPANY LAW Valuation Report of Merchant Banker/ Practising CA, valid for Preferential Issue, till Valuer appointed. Cos (Share Capital & Debentures) Amendment Rules, 2014
20/06/2014 DVAT Fee increased in Annexure1. Changes in DVAT 16, 2A, DVAT 17, DVAT 48. Mention TAN in DVAT 16 & TIN in DVAT 48. DVAT 2nd Amendment Rules, 2014 wef 17-6-14.Webtel
19/06/2014 COMPANY LAW Co to accept Share Transfer Form 7B (instead of SH-4) signed before 1-4-14 & submitted in time. Co can reject with reasons, if delayed. Circular 19 of 12-6-14.
19/06/2014 GENERAL Collector of Stamps can impound Lease deed & levy penalty upto 10 times of unpaid deficient stamp duty in case of Deficient Stamping/Non-registration. Webtel
18/06/2014 COMPANY LAW Due to practical problems, Voting through Electronic means Optional till 31-12-14. Clarifications on issues in e-voting procedure. MCA Circular 20 of 17-6-14.
17/06/2014 COMPANY LAW Filing & Disposal of Application for Conversion of Co from Public to Private as per Cos Act 1956, till new provisions come into effect. Circular 18 of 11-6-14.
16/06/2014 COMPANY LAW File Certified physical MGT-10(Change in shareholding of promoters etc) with enclosures in e form GNL-2 till e-from MGT-10 is notified. Circular 17 of 11-6-14
16/06/2014 DUE DATE 15-Jun-14 was LAST DATE to pay Advance Tax (15%) by Cos (AY 15-16). Can pay TODAY(16-6-14) as last date for payment was a holiday. Circular 676 of 14-1-94,
14/06/2014 COMPANY LAW Specified Unlisted Public Cos & Listed Cos with capital of less than 5 cr, to constitute Audit & Nomination & Renuneration Committees in 1 year. Noti of 12-6-14
14/06/2014 DUE DATE SUNDAY(15-Jun-14) is LAST DATE for deposit of Advance Tax (15%) by Cos (AY 15-16). Use Web-e-Tax or Web-e-TDS for easy e-payment or to generate paper challan.
13/06/2014 COMPANY LAW Clarification on Rules relating to Appointment & Qualification of Independent Directors. MCA General Circular 14/2014 of 9-6-14. Regards, Webtel
13/06/2014 COMPANY LAW Unlisted Cos (incl Private cos) with Paid up Share Capital of 5 cr or more & ALL Listed Cos to have Full Time Company Secretary. MCA Notification of 9-6-14.
12/06/2014 INCOME TAX Cost Inflation Index for calculation of Capital Gains for FY 2014-15 is 1024. Notification 31/2014 [F No 142/3/2014-TPL] of 11-6-2014. Regards, Webtel
11/06/2014 MCA MCA Amends Companies (Acceptance of Deposits) Rules, 2014 to allow acceptance of deposits without deposit insurance contract till 31-03-2015.Noti of 6-6-2014
10/06/2014 COMPANY LAW File eForm INC-7 for Co Incorporation in 60 days from date of application of reservation of name in eForm INC-1. Scan photo of every subscriber with MOA & AOA.
10/06/2014 COMPANY LAW 30-6-14 is LAST DATE to file Return of Deposits as on 1-4-2014 in DPT-4 attached to GNL-2 by ALL Cos. Repay Deposits by 31-3-15 or by due date, if earlier.
09/06/2014 GENERAL Mandatory to pay Stamp Duty on Lease Deeds/Agreements. Registration for 1 year or more mandatory under Transfer of Property Act, 1882 & Registration Act, 1908.
09/06/2014 DUE DATE SUNDAY(15-Jun-14) is LAST DATE for deposit of Advance Tax (15%) by Cos (AY 15-16). Use Web-e-Tax or Web-e-TDS for easy e-payment or to generate paper challan.
09/06/2014 MVAT Composition Dealers to pay 1% of Turnover or 1.5% of Taxable Turnover. Late filing fee for MVAT Returns reduced from 5000 to 2000, for delay up to 1 month.
07/06/2014 COMPANY LAW Each Director at first Board Meeting every year give Disclosure of Interest in Form MBP-1. Co to file such details with ROC in MGT-14 in next 30 days. Webtel
07/06/2014 MVAT Minimum Monthly Salary for levy of Profession Tax in Maharastra increased from Rs. 5000 to Rs. 7500. Maharastra Budget 2014. Regards, Webtel
06/06/2014 MVAT Turnover Limit increased for (A) Registration under MVAT from 5 lacs to 10 lacs. (B) Filing Audit Report from 60 lacs to 1 crore. Maharastra Budget 2014.Webtel
06/06/2014 INCOME TAX Penalty u/s 271B justified where Value of Speculative Share Transactions exceeds prescribed limit for Tax Audit. Anahaita Nalin Shah Vs DCI, ITAT Mumbai. Webtel
06/06/2014 COMPANY LAW Business Letters, Invoices, Notices etc. must contain Company's Name, CIN, Registered Office Address, Phone/Fax No, E-mail & Website Address. Rule 12, CA 2013
05/06/2014 COMPANY LAW MCA changes State Code in the CIN of companies located in Telangana (as per address available in MCA database) from AP to TG. List available at MCA website.
05/06/2014 DUE DATE TODAY(5-6-14) is LAST DAY for deposit of Service Tax of May 2014(e-payment:6th). Deposit TDS/TCS by 7-6-14(Saturday). Do not deduct TDS on ST portion of bill.
04/06/2014 INCOME TAX Mandatory e-filing of Audit Report in Form 3CEA(Capital Gains Computation in Slump Sale) & 66(Tonnage Tax Scheme for Shipping Cos). Notification 28 of 30-5-14
03/06/2014 INCOME TAX Credit has to be given to assessee for TDS even if it is not in Form 26AS as he is not at fault. Rakesh Kumar Gupta Vs Union of India & another, Allahabad HC.
03/06/2014 INCOME TAX Mandatory e-filing of Audit Report in Form 56F(for newly established units in SEZ)& 3CE (Non resident receiving Royalty etc). Notification 28/2014 of 30-5-14
02/06/2014 INCOME TAX CBDT notifies ITR-3, 4, 5, 6 & 7 for AY 14-15. Notification 28/2014 of 30-5-14. All ITRs for AY 14-15 are now available but E-filing of 1, 2, & 4S only enabled.
02/06/2014 INCOME TAX IT Dept can share Details of Assets in Wealth-Tax Returns of Loan Defaulters with PSU Banks. CBDT letter [F.NO.328/10/2014-WT] of 28-5-14. Regards, Webtel
31/05/2014 INCOME TAX Now E-payment of DDA dues, cost, EMIs, penalty, interest, capitalised ground rent, service charges etc is Mandatory. Check www.dda.org.in for details. Webtel
31/05/2014 INCOME TAX Wef 1-6-14, submit only fvu file & paper 27A with e-TDS/TCS Correction Statement. Provisional Receipt of Original Statement & Statistics Report not required.
30/05/2014 GENERAL Banks to repay amount with interest on demand from depositors whose unclaimed deposit was transferred to Depositor Education Fund & lodge claim for refund.
30/05/2014 GENERAL Download Form 16(Part A), 16A & 27D of Q4 from TRACES & issue by TODAY(30 May)(Form 16 & 12BA by TOMORROW(31 May)) to avoid penalty of Rs 100 per day.Webtel
29/05/2014 GENERAL Punjab & Haryana waive Stamp Duty on Transfer of Immovable Property to Blood Relations, including children, grandchildren, spouse, brothers & sisters. Webtel
29/05/2014 RBI Concurrent Auditor to certify Monthly/Yearly Returns to RBI for transfer of Unclaimed sums to Depositor Education Fund.Annual Certificate by Statutory Auditor.
28/05/2014 GENERAL Monthly transfer by Banks of balances in accounts, deposits unclaimed/inoperative for 10 years or more to Depositor Education & Awareness Fund.First by 30-6-14.
28/05/2014 RBI Adverse action including Cancellation of Registration for not taking Prior RBI Approval on Acquisition/Transfer of Control of NBFCs. RBI Circular of 26-5-14.
27/05/2014 COMPANY LAW ALL Cos to have FY Apr-Mar. Existing Cos to comply from 2016-17. Holding/ Subsidiary of Foreign Co can apply for exemption. Sec 2(41) Cos Act 2013.Rgds Webtel
27/05/2014 COMPANY LAW EXTENSION of validity of Names reserved for Incorporation of Cos as on 31-3-2014 till 7-6-14. MCA General Circular 13 of 23-5-14. Regards, Webtel
26/05/2014 RBI Exporters with 3 year track record can get bank advance up to 10 years for long term export contracts, subject to conditions. RBI Circular 132 of 21-5-14.
26/05/2014 INCOME TAX Download Form 16(Part A), 16A & 27D of Q4 from TRACES & issue by 30 May(Form 16 & 12BA by 31 May). Dept can track it & levy penalty of Rs. 100 per day.Webtel
24/05/2014 COMPANY LAW Foreigner can give Passport No in Incorporation Form(INC-7) instead of PAN & give undertaking that he is not required to obtain PAN. MCA Circular 12 of 22-5-14.
24/05/2014 COMPANY LAW MCA delegates powers relating to allotment of DIN to Regional Director, Noida. Various other powers delegated to ROCs & RDs. 3 Notifications of 21-5-14. Webtel
24/05/2014 COMPANY LAW MCA delegates powers relating to allotment of DIN to Regional Director, Noida. Various other powers delegated to ROCs & RDs. 3 Notifications of 21-5-14. Webtel
23/05/2014 SEBI Mutual Fund Investor can now invest upto 50000 in cash instead of 20000 earlier in a mutual fund during a FY, subject to conditions. SEBI Circular of 22-5-14.
23/05/2014 INCOME TAX File ITR if Total Income (BEFORE Chapter VI-A Deductions) exceeds Exemption Limit. Employees with Income upto 5 lacs not exempt from filing ITR for AY 2014-15.
22/05/2014 COMPANY LAW Co Rules 2013 not yet gazetted are NOT in force even if same shown as applicable on MCA website . Case of Godrej Industries Limited. High Court, Bombay. Webtel
22/05/2014 INCOME TAX Download TCS Certificate in Form 27D from TRACES website www.tdscpc.gov.in. May be issued by deductor also as no change in IT Rules or circular to this effect.
21/05/2014 INCOME TAX Change in PAN Application forms 49A & 49AA(non-residents). Name of Mother Optional, in addition to Name of Father. IT Notification 26/2014 of 16-5-14. Webtel
21/05/2014 ICAI As per ICAI, Sec 144 of Cos Act 2013, Code of Ethics & Guidance Note on Independence of Auditors do not permit Accounting & Book keeping by Statutory Auditor.
20/05/2014 COMPANY LAW Names reserved for Incorporation of Cos with due date of expiry from 1-4-14 to 28-4-14, to be valid till 31-5-14. MCA General Circular 11 of 12-5-14.Rgds Webtel
20/05/2014 INCOME TAX File 24Q of Q4 even if there is no TDS deposit as Salary Details go in Q4 only. Form 16-Part A shall NOT be generated from TRACES if 24Q of Q4 not filed.Webtel
15/05/2014 DUE DATE TODAY(15-5-14) is LAST DATE to File Q4 TDS/TCS Returns of 13-14 by ALL Deductors including Govt Deductors. Fee @ 200 per day per statement from tomorrow.Webtel
13/05/2014 GENERAL Auditors or their related parties providing Non-audit services like Accounting, Internal Audit to stop providing them by 31-3-15.Sec 144 of Cos Act, 2013.Webtel
12/05/2014 GENERAL Wef 15.5.14, Dept of Industrial Policy & Promotion makes Online Filing of Industrial Entrepreneur Memoranda & Industrial Licence at www.ebiz.gov.in Mandatory.
12/05/2014 RBI Banks are not permitted to levy Penal Charges for Non-maintenance of Minimum Balances in any Inoperative Savings Bank Account. RBI Circular of 6-5-14. Webtel
12/05/2014 GENERAL Some people are UNAUTHORISEDLY forwarding WEBTEL ALERTS by SMS, Whatsapp, Bulk E-mail, FB etc. PL. STOP THIS. We 05 STOP Service & take Appropriate Action.
10/05/2014 INCOME TAX Transferee eligible for deduction u/s 80-IA for unexpired period if infra facility is transferred without amalgamation or demerger.CBDT Circular 10 of 6-5-2014
10/05/2014 DUE DATE 15-5-14(Thurs) is LAST DATE to File Q4 TDS Statements of 2013-14 by ALL Deductors including Govt deductors. Fee @ 200 per day per statement from 16-5-14.Webtel
09/05/2014 RBI Banks not permitted to charge Foreclosure Charges/ Pre-payment Penalties on all Floating Rate Term Loans from Individual Borrowers. RBI Circular of 7-5-14.
09/05/2014 COMPANY LAW Use format of Memorandum & Article prescribed under Schedule I of Cos Act, 2013 to avoid resubmission/ rejection of Form INC-7 for Incorporation of Co. Webtel
09/05/2014 DVAT TODAY(9-5-14) is LAST DATE for e-filing DVAT-16, DVAT-17 & DVAT-48 for Q4 of 2013-14 & filing paper return/DVAT-56 if not filed with DSC. Circular 3 of 28.4.14
08/05/2014 MCA Report by ROC & RD to MCA of Incorrect Certification of forms by CA/CS. Report to ICAI/ICSI for action & debarring from filing. MCA Circular 10 of 7-5-14.Webtel
08/05/2014 GENERAL For Registration, present documents except Will in 4 months from execution date to Registrar.For delay, pay fine upto 10 times of Regn Fee. Regards, Webtel
07/05/2014 COMPANY LAW "File Application for extension of date of AGM /Accounting Period by filing Form GNL-1. File Documents for cos under Liquidation using GNL-2.Circular 9 of 25-4-"
07/05/2014 ICAI Reporting by Auditors in respect of RBI Circular on Deferred Tax Liability on Special Reserve. Announcement by Auditing & Assurance Standards Board of ICAI
06/05/2014 DVAT Dealers strictly advised to file Online T-2 which is very much in force. Dept 05 take coercive measures including detension of goods.DVAT Public Notice.Webtel
06/05/2014 RBI Delegation of Power to compound specified FEMA contraventions irrespective of amount (except Panaji & Kochi) to RBI Regional Offices. RBI Circular 117 of 4-4-14
05/05/2014 COMPANY LAW Use latest version of Form DIR-3, DIR-6, DIR-11, DIR-12, INC-1, MGT-14, GNL-1, GNL-3, & CHG-4 available at MCA website. Regards, Webtel
05/05/2014 DUE DATE TODAY(5-5-14) is LAST DAY for deposit of Service Tax of Apr 2014(e-payment:6th). Deposit TDS/TCS by 7-5-14(Wednesday). Do not deduct TDS on ST portion of bill.
03/05/2014 GENERAL All Sub Registar Offices in Delhi to accept Documents for Registration upto 3 pm on all working days. Delhi Government Order dated 28.4.14. Regards, Webtel
03/05/2014 GENERAL Stringent checks to prevent misuse in case of Manual filing & processing of Bills of Entry/Shipping Bills. Instruction F. No. 401/81/2011-Cus.III of 7-4-14
02/05/2014 COMPANY LAW Wef 1.4.14, Cos specified u/s 135 to spend 2% of Net Profit on CSR. Format of CSR Actvities in Board Report also notified. CSR Rules, 2014 of 27-2-14. Webtel
02/05/2014 GENERAL Wef 1-4-14, monthly Stipend to CS Trainee increased from Rs 3000 to Rs 4000 for CS in Practice & from Rs 4000 to Rs 5000 for companies etc. Regards, Webtel
01/05/2014 SERVICE TAX Wef 1-4-14, Importers issuing Invoice on which Cenvat Credit can be taken, Register with CBEC & e-file Quarterly Returns in 15 days. Noti 8,9,10&11 of 28-2-14.
30/04/2014 DVAT 28.4.14 was last date to file DVAT Return in Bank-1 form for Q4 of 2013-14 by Banks with branches in Delhi & selling Gold, Silver & Repossessed Vehicles.
30/04/2014 DUE DATE TODAY(30-4-14) is LAST DATE to deposit TDS deducted during March 2014 by non-government deductors. ALL(incl Govt ) to File Q4 TDS Statements by 15-5-14. Webtel
30/04/2014 DVAT Claim Refund of Excess Tax Credit of 2013-14 or earlier years in DVAT Return for Q4 of 2013-14 (Last date 9-5-14). Same cant be carried forward. (Sec 11(2)).
30/04/2014 COMPANY LAW Use GNL-2 to File forms for Auditor. Notice of Appointment in ADT-1, Application for Removal in ADT-2 & Notice of Resignation in ADT-3. Circular 9 of 25-4-14
29/04/2014 COMPANY LAW Pre-certification of 26 e-forms by Practising Professional. Small & One Person Cos exempt. Cos (Registration Offices & Fees) Amendment Rules, 2014 wef 28.4.14
29/04/2014 DVAT EXTENSION to 9-5-14 for e-filing DVAT-16, DVAT-17 & DVAT-48 for Q4 of 2013-14. File hard copy of return/DVAT-56 if not filed with DSC. Circular 3 of 28.4.14.
29/04/2014 COMPANY LAW 17 MCA forms cant be e-filed presently. Fill manually & get certified from professional, if required. Attach with required General e-form.Circular 9 of 25-4-14
28/04/2014 COMPANY LAW Form no under Cos Act 2013 to start with 2-3 letters as per Chapter subject (Eg Incorporation forms to start with INC) followed by serial no of form.Rgds Webtel
28/04/2014 COMPANY LAW Wef TODAY(28.4.14) newly notified 46 eforms available for e-filing. 17 non e-forms to be e-filed using 3 general e-forms. General Circular 9 of 25-4-14. Webtel
26/04/2014 TDS TDS FVU 4.2 Mandatory wef TODAY(26-4-14). Features- 24Q for Q4 can have Nil Challan. In case of 24Q, TDS must be 20% of Salary Paid/Credited if no PAN. Webtel
26/04/2014 DVAT Any Order, Notice of objection disposal/ assessments not from Dept. Systems Module & without Unique Ref No & bar code, to be invalid. DVAT Order of 11.4.14.
26/04/2014 DUE DATE 30-4-14(Wed) is LAST DATE to deposit TDS deducted during March 2014 by Non-government Deductors. ALL(incl Govt ) to File Q4 TDS Statements by 15-5-14. Webtel
25/04/2014 COMPANY LAW No MCA Services from 10 AM TODAY(25-4-14) to 8 AM on 26-4-14(Sat) to make them comply with requirement of Companies Act, 2013 from 28-4-14(Mon).www.mca.gov.in
25/04/2014 DVAT Today (25-04-2014) is the last date to file Q4 Dvat Returns in Form 16 & Form CST 1.Sign Dvat 56 digitally or file hard copy till 28th 04il. Regards,Webtel
25/04/2014 DUE DATE Today (25-04-2014) is the last date for E-Filing of Service Tax Return Form ST-3 for Oct 2013 - Mar 2014. Regards, Webtel
24/04/2014 INCOME TAX Cost of Construction of Roads, Highways under BOT Projects may be Amortised & claimed as Expenditure, where assessee is not owner. CBDT Circular 9 of 23-4-14.
24/04/2014 COMPANY LAW Auditor to report Fraud to Board & Audit Committee and then to Central Government in next 60 days. Damages for fraud in case of deposits not notified. CA 2013
24/0420/14 DVAT No need to submit hard copy of Return Verification Form DVAT 56 if DVAT/CST Returns are filed with Digital Signature. DVAT Circular 2 of 23-4-14. Rgds, Webtel
23/04/2014 COMPANY LAW Wef 1.10.14, all Listed Cos to follow Clause 49 revised as per Corporate Governance norms of Cos Act 2013. Circular CIR/CFD/POLICY CELL/2/2014 of 17-4-14.
23/04/2014 RBI RBI not to permit Repayment of Domestic Rupee Loans availed in India via ECBs from Indian banks branches or arms abroad as risk remains within banking system.
22/04/2014 GENERAL Excise & Taxation Dept, Haryana asks Buyers to send Copy of Purchase Bills/Cash Memo through Email, Whatssapp, WeChat etc. or in dropboxes to check tax evasion.
22/04/2014 DVAT As per DVAT Site, there is no need to submit hard copy of DVAT 56 if DVAT/CST Returns are filed with Digital Signature. Regards, Webtel
22/04/2014 GENERAL Special steps to tackle Tax Demand upto 1 lac of Individuals & HUFs in certain Extraordinary situations. Press Note 402/92/2006-MC of 17-4-14. Rgds, Webtel
21/04/2014 INCOME TAX Detailed instructions to AOs to reduce/delete tax demand as per rectification with documents of tax/demand already paid. Press Note 402/92/2006-MC of 17-4-14
21/04/2014 COMPANY LAW Approval of Existing Related Party contracts in Listed Cos which continue beyond 31-3-15, in first General Meeting after 1-10-14.SEBI Circular of 17-4-14.Webtel
19/04/2014 DUE DATE 25-4-14(Friday) is LAST DATE to e-File Service Tax Return ST-3 for half year ended 31-3-14. Avail Help Desk even on Sat & Holidays till 25-4-14 & Sunday 20-4-14
19/04/2014 COMPANY LAW Top 100 Listed Cos by Market Capitalisation as at end of previous FY to form a Risk Management Committee. Board to define roles etc. SEBI Circular of 17-4-14.
18/04/2014 COMPANY LAW Under Cos Act 2013, Internal Audit for Unlisted Public Cos & Private Cos also as per Paid up Share Capital, Turnover, Loans from Banks/FIs, Public Deposits.
17/04/2014 GENERAL Where deposit is made by cheque, pay order or DD, date of clearance to be date of deposit. Post Office Recurring Deposit (Amendment) Rules, 2014 wef 13-3-14.
16/04/2014 INCOME TAX Notice to AO u/s 11(2) by Charitable & Religious Trusts etc. for accumulation of income upto 5 years to be given electronically in Form 10. Revised IT Rule 12.
15/04/2014 DVAT DVAT Dept to adopt soft approach against non-filing of T-2 till 30-4-2014. Source Navbahrat Times, New Delhi dated 15-04-2014. Regards, Webtel
15/04/2014 GENERAL Automatic Renewal of Deposit at CBS Post Office from date of maturity for same period. PO Time Deposit (Amendment) Rules, 2014 wef 13-3-14. Regards, Webtel
14/04/2014 INCOME TAX To ensure tax compliance, MCA to obtain & incorporate comments of IT Department in its response to Court in Merger/Amalgamation deals. IT Directive of 11-4-14.
14/04/2014 RBI Resident Individuals, Firms & Cos with forex exposure can book forward contracts up to US$ 250000 with simple declaration. RBI Circular 119 of 7-4-14. Webtel
12/04/2014 COMPANY LAW All new MCA e-forms to be available for upload wef 28-4-2014. The earlier phased out roll out will not happen now. MCA Public notice of 11-4-14. Regards, Webtel
12/04/2014 GENERAL Any branch deposit for CBS post offices, e-payment, ATM/Dr Card, Passbook & responsibility for some frauds.Changs in PO Savings Bank Rules wef 13-3-14. Webtel
11/04/2014 DVAT Fill Block R10 & R11 in CST Form 1 for Q4 of 2013-14. No data for 09-10 & 10-11 to be given as default assessment already over. DVAT Circular 1 of 9-4-14.
11/04/2014 GENERAL Initial Subscription Rs 100.Can E-pay PPF in CBS branch & Depositor can opt for Statement instead of Pass Book.. Revised Rule 4 of PPF Scheme wef 13-3-14.Webtel
11/04/2014 INCOME TAX ITR-7. Political Parties to e-file with Digital Signature. Trusts etc can file manually or electronically with or without digial signature. Revised IT Rule 12.
09/04/2014 COMPANY LAW Table of Fees payable under Cos Act, 2013 by One Person Co & Small Cos & Other Cos. Rule 12 of Companies (Registration of Offices &Fees) Rules, 2014. Webtel
09/04/2014 INCOME TAX Clarified that Partner Share in Profit of Firm(including income on which tax not paid due to exemption or deduction) exempt from tax. IT Circular 8 of 30-3-14.
08/04/2014 COMPANY LAW Every Listed Co & Public Co having Paid-up Share capital of Rs 10 cr or more to have (a) MD, CEO, Manager or Whole-time Director (b) CFO (c) CS. Regards Webtel
07/04/2014 COMPANY LAW Every Listed Co & Public Co having Paid-up Share capital of Rs 10 cr or more to have (a) MD, CEO, Manager or Whole-time Director (b) CFO (c) CS. Regards Webtel
07/04/2014 DUE DATE TODAY(7-4-14) is LAST DATE to deposit TDS on Purchase of Property u/s 194-IA & TCS of March by ALL. GOVT DEDUCTORS to deposit challan for other TDS of Mar also
05/04/2014 INCOME TAX Direct Tax Code BILL 2013 allows Tax Audit not only by Chartered Accountants but also by Company Secretaries & Cost Accountants. Clause 88 & 320(2) DTC. Webtel
05/04/2014 COMPANY LAW Make Financial Statements, Auditor Report, Board Report etc for FY 13-14 & other FYs STARTING BEFORE 1-4-14, as per CA 1956. MCA General Circular 8 of 4.4.14
04/04/2014 INCOME TAX ALL Firms/AOP/BOI to file returns electronically. Use of Digital Signature mandatory for firms where Tax Audit applicable. Revised IT Rule 12. Regards, Webtel
04/04/2014 COMPANY LAW Mandatory Secretarial Audit for every Listed Co & Public Co having Paid-up Share capital of 50 cr or more or Turnover of 250 cr or more. Regards, Webtel
03/04/2014 TDS ALL to Deposit TDS u/s 194IA on Property & TCS of March by 7-4-14(Mon).Govt Deductors to deposit other TDS of March with challan by 7-4-14 & Others by 30-4-14.
03/04/2014 COMPANY LAW Every Co to print Name, Address of Regd Office, CIN, Phone/Fax no, e-mail & Website Address on Letter heads, Notices etc. Sec 12(3)(c) of Companies Act, 2013.
03/04/2014 TDS ALL to Deposit TDS u/s 194IA on Property & TCS of March by 7-4-14(Mon).Govt Deductors to deposit other TDS of March with challan by 7-4-14 & Others by 30-4-14.
02/04/2014 DVAT Claim Refund of Excess Tax Credit of 2013-14 or earlier years in DVAT Return for quarter ended 31-3-14. Same cant be carried forward. (Sec 11(2)). Rgds, Webtel
02/04/2014 INCOME TAX Government comes out with Draft Direct Taxes Code Bill 2013. IT @ 35% if Income exceeds 10 cr for individuals, HUF etc. IT @ 10% if Dividend exceeds 1 cr.
01/04/2014 GENERAL No Auditor Rotation if Paid up Capital less than 10 cr for Unlisted Public Cos & 20 cr for Private Cos. Cos (Audit & Auditor) Rules, 2014 wef 1-4-14. Webtel
01/04/2014 COMPANY LAW Wef TODAY(1-4-14), every Co to print name, address of regd office, CIN, phone/fax no, e-mail & website address on letter heads, notices etc. Sec 12(3)(c)
01/04/2014 DVAT File T-2 for purchases from outside Delhi. As per newspaper reports, DVAT Dept was expected to adopt soft approach for non-filing till 31-3-14 only. Webtel
31/03/2014 MVAT No Penalty if Form 704 for 2012-13 filed by 10-5-14(extended from 31-3-14) by Developer (other than Composition Dealer). MVAT Trade Circular 6T of 21-2-14.
31/03/2014 DUE DATE LAST DAY TODAY(31-3-14). Deposit Service Tax/Excise Duty for month/quarter Mar 14, Advance Tax AY 14-15, PPF, LIC. File pending ITRs, ITR-V, TDS Returns(Govt).
31/03/2014 DVAT Facility to DVAT Dealers to upload information/ file returns using Digital Signature. Notification No. F.3(21)Fin(Rev-I)2013-14/dsvi/347 of 26-3-2014. Webtel.
31/03/2014 COMPANY LAW From 1-4-14(Tomorrow) to 14-4-14, no e-filing at MCA portal except important forms like 20B, 23AC, 23ACA, 23ACA-XBRL, 23AC-XBRL etc. MCA Circular 6 of 28-3-14.
30/03/2014 GENERAL CBEC, Income Tax, DVAT, Registry Offices in Delhi & select Bank branches conducting government business open TODAY(Mar 30). Regards, Webtel
29/03/2014 MVAT 31-3-14(Mon) LAST DATE to pay Maharashtra Profession Tax & File Return for Mar13-Feb14(PT upto Rs 50,000 pa) & for Mar14(PT of Rs 50,000 pa or more). Webtel
29/03/2014 DVAT 31-3-2014(Monday) is LAST DATE to file Revised Returns of DVAT/CST for all quarters of 2012-13. Regards, Webtel
29/03/2014 INCOME TAX 31-3-14(Mon) LAST DATE to File ITR-V. AY 12-13(filed from 1-4-12 to 31-10-12) & AY 13-14( from 1-4-13 to 31-10-13). Refund cases for AY 09-10, 10-11 & 11-12.
29/03/2014 GENERAL Resolution prior to 12.9.13 for Loans & Creation of Charge complies with section 180 of CA, 2013 for 1 year from date of notification. Circular 4 of 25-3-14
29/03/2014 COMPANY LAW File forms urgently required by 31-3-14(Mon) as no e-filing from 1-13 Apr, 2014, to ensure smooth transition to revised forms. MCA Public Notice of 29-3-14.
28/03/2014 GENERAL Sub-Registrar offices in Delhi to open on 29 & 30 Mar (Sat & Sun) for Registration of Documents. Submit documents upto 3pm till 31-3-14. Order of 26-3-14.Webtel
28/03/2014 COMPANY LAW Final Rules for Chapters I – IV, VI - IX, XI - XII of Companies Act, 2013 applicable wef 27-3-2014. MCA Notifications dated 27-3-2014. Regards, Webtel
27/03/2014 GENERAL Bank branches conducting government business open till 8 pm on Mar 29(Sat) & 31(Mon). Select branches open on Mar 30(Sun). RTGS, NEFT till midnight of 31-3-14.
27/03/2014 GENERAL Wef 25-3-14, Standard format of Auditor Certificate of compliance with Accouting Standards, for Scheme/Petition filed with Stock Exchange. Circular of 25-3-14.
26/03/2014 COMPANY LAW 183 more sections & some sub-sections of Companies Act, 2013 applicable wef 1-4-2014. 40% of sections yet to be notified. MCA Notification of 26-3-2014. Webtel
26/03/2014 TDS 31-3-14(Mon) is LAST DATE to e-file pending TDS/TCS Returns of Govt. Deductors for FY 2012-13 (Q2, Q3, Q4), FY 2013-14 (Q1, Q2, Q3) (extended due date). Webtel
26/03/2014 DVAT Asst VATO & above can now ask Dealer to furnish Security for Registration or for Refund but cant vary, waive or forfeit security. DVAT Order of 21-3-14.Webtel
26/03/2014 INCOME TAX Income Tax Offices & receipts counters to remain open during normal office hours on 29th, 30th & 31st of March, 2014. CBDT Order of 24-3-14. Regards, Webtel
25/03/2014 INCOME TAX "31-3-2014(Mon) LAST DATE. Pay Service Tax/Excise Duty for Month/Qtr Mar 2014
& remaining Advance Tax AY 2014-15. File ITR/WTR AY 2013-14 without 5000 penalty"
25/03/2014 MVAT Dealerwise details of Sales/Purchases in Annexure J1 & J2 with EACH return. Annual details in Form 704 / return of March if 704 NA. Trade Circular 9T, 25-3-14.
25/03/2014 MCA No Offline payment facility (Challan, NEFT & Pay Later) from 26-3-14 to 31-3-14. Payment only by online mode i.e. Credit/Debit Card & Net Banking.www.mca.gov.in
25/03/2014 CSR Wef 1.4.14, Cos specified u/s 135 to spend 2% of Net Profit on CSR. Format of CSR Actvities in Board Report also notified. CSR Rules, 2014 of 27-2-14. Webtel
24/03/2014 DVAT Wef 2nd fortnight of Jan 2014, Banquet Halls etc to give details of functions where cost exceeds Rs 1 lac. DVAT Notification of 27-12-13.
24/03/2014 DUE DATE "31-3-14 LAST DATE. CA Firms/LLPs send Paper documents for CAG Empanelment 2014-15. CAs complete CPE hours short in block period of 3 years(1-1-11 to 31-12-13)"
24/03/2014 GENERAL Take PAN of Landlord from Employee if Rent exceeds Rs 1 lac pa. Else, take Declaration of NO PAN from Landlord with his Name & Address. Circular 8 of 10-10-13.
22/03/2014 CENVAT Restrictions to be imposed on use of CENVAT credit in case of misuse, suspension of registration & withdrawal of facilities. CE Notification 15 of 21-3-14.
22/03/2014 DVAT Saturdays & Sundays till 31-3-14 to be working days in DVAT Dept. No leave to Dept staff during this period. DVAT Order of 7-3-14. Regards, Webtel
21/03/2014 GENERAL In view of Financial Year end, CBEC Offices to open on 29, 30 & 31 March, 2014. F.No.296/42/2013-CX.9, dated 14th March, 2014. Regards, Webtel
21/03/2014 INCOME TAX No bar on Employer from giving deduction for Donations u/s 80G to staff.Circular 8 of 10-10-13. Earlier circulars allowed deduction for specified donations.
21/03/2014 DVAT TODAY(21-3-2014) is the LAST Date to deposit balance 50% of admitted tax declared under DVAT Amnesty Scheme. Regards, Webtel
20/03/2014 INCOME TAX Where employees donate to PM National Relief Fund etc through employer, deduction u/s 80G on basis of certificate issued by DDO/Employer. Circular 2 of 12-1-05.
20/03/2014 DUE DATE Extension of LAST DATE to 31-3-2014 for filing ITRV for AY 12-13(filed from 1-4-12 to 31-10-12) & AY 13-14 (filed from 1-4-13 to 31-10-13). Regards, Webtel
20/03/2014 MCA Final closure/treatment of existing e-forms by 25.3.14. Resubmission/PUCL stopped wef 17-3-14 for fresh forms. New forms expected by 1-4-14. MCA Public Notice.
20/03/2014 DUE DATE 31-3-14 LAST DATE– Pay Service Tax Month/Qtr Mar 2014. File ITR-V for returns (refund claims) AY 09-10, 10-11 & 11-12. CAs send documents for CAG Empanelment.
19/03/2014 DVAT 21-3-14(Friday) is the LAST Date to deposit balance 50% of admitted tax declared under DVAT Amnesty Scheme. Regards, Webtel
19/03/2014 GENERAL In view of Financial Year end, CBEC Offices to open on 29, 30 & 31 March, 2014. F.No.296/42/2013-CX.9, dated 14th March, 2014. Regards, Webtel
19/03/2014 CBDT Dept to bring Circular 1 of 17.1.13 to notice of all Representatives/Standing Counsels to apprise courts of CBDT clarifications. CBDT Instruction 3 of 14-3-14.
18/03/2014 INCOME TAX Deduction for Donations u/s 80G (except specified like PM National Relief Fund) not to be given by Employer. Employee can claim in ITR. Regards, Webtel
18/03/2014 DUE DATE TODAY(18-Mar-14) is Extended Last Date of FINAL Instalment of Advance Tax for AY 14-15 for ALL Assessees. Get Challan or Pay Online from Web-e-Tax/TDS.Webtel
18/03/2014 DVAT As per newspaper reports, No coercive step or penal action by DVAT Dept for non-filing of T-2 till 31-3-14. No Circular due to Election Code of Conduct.Webtel
15/03/2014 DUE DATE Due date of payment of last installment of advance tax extended by 3 days, till March 18, 2014. Regards Webtel.
15/03/2014 DVAT Extension of date of filing T2 for purchases from outside Delhi, from 15.3.14 to 31.3.14. Regards Webtel
14/03/2014 SERVICE TAX Wef 1-4-14, Credit of Service Tax on service used by more than 1 unit to be distributed pro rata as per their turnover in relevant period. Noti 5 of 24-2-14.
13/03/2014 MVAT Exemption from payment of Late Fee of 5000 for late filing of MVAT/CST Returns in some cases. Circular 8T of 11-3-2014. Regards, Webtel
13/03/2014 DVAT DVAT Dept introduces Form 10- Application for Cancellation of Central Registration & Form 11 for Amendment in Central Registration. DVAT Notification of 5-3-14.
13/03/2014 SERVICE TAX Wef 1-4-14, Credit of Service Tax attributable to service used wholly BY (in changed to by) a unit shall be distributed only to that unit. Noti 5 of 24-2-14.
12/03/2014 GENERAL Same Mobile no in MAXIMUM 4 Assessees as Primary Contact No in Assessee Login on IT e-filing site. Option to give mobile no. of Secondary Contact like CA etc.
11/03/2014 GENERAL Deduction for Rajiv Gandhi Equity Scheme(80CCG), Maintenance & Medical Treatment of Handicapped Dependent/Self(80DD, 80DDB) for RESIDENT only. Regards, Webtel
11/03/2014 RBI Cos raising ECBs to File ECB-2 with RBI in Revised format from Return of April 2014 onwards in 7 days. RBI/2013-14/495 AP(DIR Series) Circular 105 of 17-2-14
10/03/2014 DVAT Original CST Statutory Forms to be retained by Dealer for 7 years. Commissioner may ask for them during this period. DVAT Notification of 5-3-14. Rgds, Webtel
10/03/2014 DUE DATE 15-Mar-14(Saturday) is the Last Date of FINAL Instalment of Advance Tax for AY 14-15 for ALL Assessees. Get Challan or Pay Online from Web-e-Tax or Web-e-TDS
10/03/2014 EPFO Faster Transfer of PF accounts of staff shifting from Unexempted Establishment to Exempted one, Annexure K to be available online. EPFO Circular of 4-3-14.
08/03/2014 SERVICE TAX Wef 1-4-14, Credit of Service Tax on service used by 1 or more units solely making/providing exempted goods/ services, not to be distributed. Noti 5 of 24-2-14.
08/03/2014 DBI SBI invites application for Stock Auditors /Valuers in Delhi, Uttarakhand, Rajasthan & specified districts of UP & Haryana. Check www.sbi.co.in for details.
08/03/2014 DVAT Wef 15-3-14, e-file T-2 before entry of goods/stock transferred in Delhi. Dealers with GTI upto 1 cr or dealing in tax free goods exempt. DVAT Noti of 28-2-14.
08/03/2014 GENERAL Finance Bill 2014 becomes Finance Act 2014 on 4-3-14 with Hble President assent to it. Provisions applicable from passing of budget applicable wef 4-3-14.
07/03/2014 DVAT DVAT 51 not to be filed now. DVAT 38 for filing objections revised. Minor changes made in DVAT 17, Annexure 2B & DVAT 31. DVAT Notification of 5-3-14. Webtel
07/03/2014 GENERAL For making Online Deposit of PPF, add PPF account like any other Third Party Beneficiary in your Internet Banking account & transfer by NEFT. Regards, Webtel
07/03/2014 CENVAT Wef 1-4-14, Importers issuing Invoice on which Cenvat Credit can be taken, Register with CBEC & e-file Quarterly Returns in 15 days. Noti 8,9,10&11 of 28-2-14.
06/03/2014 DVAT E-File New Yearly Reconciliation Return in Form 9 for Receipt of Statutory Forms in 6 months from year end. Can file Quarterly also. DVAT Notification of 5-3-14
06/03/2014 DVAT Revised Form T-2 for filling Online details of Purchases from outside Delhi. Details can also be sent by Mobile Application/SMS. DVAT Notification of 5-3-14.
06/03/2014 CA CA Firms apply to Central Council of Homeopathy for accounts, income tax work in 15 days with Non-refundable Security Deposit of 5000.(HT Delhi p 23 of 6-3-14)
06/03/2014 CBDT 31-3-14 is EXTENDED Due Date for TDS/TCS Returns of GOVT DEDUCTORS for Q2,Q3,Q4 of 12-13 &Q1,Q2,Q3 of 13-14.No Refund of fee u/s 234E.CBDT Circular 7 of 4-3-14.
06/03/2014 CENVAT Procedure for Refund of Unutilized Cenvat Credit on Inputs / Services received after 30-6-12 for specified partial reverse charge services. Noti 12 of 3-3-14.
05/03/2014 DUE DATE TODAY(5-3-14) is LAST DAY for deposit of Service Tax of Feb 2014(e-payment:6th). Deposit TDS/TCS by 7-3-14(Friday). No need to deduct TDS on ST portion of bill.
26/02/2014 GENERAL No benefit u/s 80D if Mediclaim Premium paid in CASH. Preventive Health Checkup amount upto 5000 can be paid in cash. CASH Donation u/s 80G only upto 10000.
26/02/2014 SERVICE TAX Wef 1-4-14, Credit of Service Tax on service used by 1 or more units solely making/providing exempted goods/ services, not to be distributed. Noti 5 of 24-2-14.
24/02/2014 DVAT 28-2-14(Friday) LAST DATE for availing DVAT Amnesty(27 Shivratri). Also for Form AR-I for FY 2012-13 for specified DVAT Dealers(No Notification for repeal).
24/02/2014 MVAT Due to SC order regarding definition of sale etc, Developers can file Revised Returns from 20-6-06 to 31-12-13 by 30-4-14. MVAT Trade Circular 7T of 21-2-14.
24/02/2014 GENERAL Amount paid for Pension Fund(80CCC), Mediclaim Premium(80D) & Interest on Education Loan(80E) must be from Taxable Income only for claiming deduction. Webtel
22/02/2014 GENERAL Co. Guarantee/Security for Loans by Bank/FI to Subsidiary (Solely for Principal Business), exempt till Section 186 of Cos Act, 2013 notified. Cir 3 of 14-2-14.
22/02/2014 MVAT No Penalty if Audit Report in Form 704 for 2012-13 is filed upto 31-3-14 by a Developer (other than Composition Dealer). MVAT Trade Circular 6T of 21-2-14.
19/02/2014 DVAT EXTENSION of LAST DATE for DVAT Amnesty Scheme to 28-2-14. Check Delhi Tax Compliance Achievement (Amendment) Scheme, 2014 for changes. Notification of 18.2.14
18/02/2014 DVAT TODAY(18-2-14) is LAST DATE for availing DVAT Amnesty Scheme. Check Delhi Tax Compliance Achievement (Amendment) Scheme, 2014 for changes. Regards, Webtel
18/02/2014 GENERAL Finance Bill 2014. Surcharge retained on IT. Deduction u/s 80EE for Housing Loan till 31-3-14. No extension for Approval of Private PF Trust beyond 31-3-14.
17/02/2014 MVAT List of Nonfilers of e-704 for 2009-10, 2010-11, 2011-12 & 2012-13 on www.mahavat.gov.in in Whats New. Ignore MVAT Dealers covered u/s 61(3). Regards, Webtel
17/02/2014 EXCISE Vote on Account 2014. No changes in Direct Tax. Excise duty cut for small cars, capital goods & consumer durables. Moratorium for interest on education loans.
17/02/2014 CBDT CBDT clarifies that expenditure for earning exempt income is to be disallowed even where exempt income is not earned in the same year. Circular 5 of 11-2-14.
15/02/2014 DVAT TODAY(15-02-14) is last date to check & correct Mismatch in DVAT Returns for Q1 & Q2 of 2013-14 & avoid Additional Tax, Interest & Penalty. Regards, Webtel
15/02/2014 INCOME TAX No additional income tax (DDT) to be paid U/S 115R on redemption/repurchase & at the time of allotment of bonus units.CBDT Cir 6/2014 dated 11-02-2014.
14/02/2014 GENERAL New Corporate Governance norms. 1 Person Independent Director in upto 7 cos. 2 five yr terms. No Stock Options for him. Disclose CEO pay & succession plan.
13/02/2014 DVAT 15-02-14(Saturday) is last date to check & correct Mismatch in DVAT Returns for Q1 & Q2 of 2013-14 & avoid Additional Tax, Interest & Penalty. Regards, Webtel
13/02/2014 INCOME TAX Now e-file Form 15CA for Foreign Remittances from www.incometaxindiaefiling.gov.in instead of www.tin-nsdl.com. Download Offline Java Utility for same. Webtel
12/02/2014 GENERAL Railway Vote on Account 2014. Fares Unchanged. New 17 Premium & 38 Express Trains. Dedicated Freight Corridor to cut transit time by half. Regards, Webtel
12/02/2014 CA Attn CA Firms/LLPs. 15-2-14 (Saturday) is LAST DATE to apply Online for CAG Empanelment for 2014-15 at www.saiindia.gov.in. Send Paper documents by 31-3-14.
11/02/2014 GENERAL Practising Proprietor/Partner CA can conduct 60 Tax Audits instead of 45 earlier for audits CONDUCTED during Financial Year 2014-15 onwards. Regards, Webtel
11/02/2014 INCOME TAX Now file ITR-V by 31.3.14 for returns e-Filed with refund claims within time allowed u/s 139 for AY 2009-10, 2010-11 & 2011-12. Circular 4 of 10-2-14. Webtel
10/02/2014 ICAI ICAI includes reference to audit by Branch Auditors in Statutory Auditor report format in Appendix to SA 700, as required by sec 227(3)(bb) of Cos Act, 1956
10/02/2014 DVAT Please Note that Revised DVAT Returns for 2012-2013 can be filed only upto 31.03.2014. Check and file now, if requried. Regards, Webtel
08/02/2014 DVAT Please Note that Revised DVAT Returns for 2012-2013 can be filed only upto 31.03.2014. Check and file now, if requried. Regards, Webtel
08/02/2014 GENERAL Deposit of Employee Contribution to PF before due date u/s 43B also eligible for deduction. CIT Vs Spectrum Consultants India (P) Ltd, HC Karnataka. Webtel
07/02/2014 DVAT TODAY(7-2-2014) is LAST DATE for filing Q3 Returns of 2013-14 with Block R 10 in CST Form 1. DVAT Circular 33 of 31-01-14. Regards, Webtel
07/02/2014 GENERAL No Service Tax on Forward Contract service by Subbroker etc to Commodity Exchange Member if not levied from 10-9-04 to 30-6-12 as per practice. Noti 3 of 3-2-14
06/02/2014 GENERAL Expected Circle Rates in Delhi from Mar (in lacs)-A-12-14(6.45), B- 6(2.05), C-5(1.33), D-3-4(1.06), E-1.5-2(0.58), F-1-2(0.47), G-3-4(0.38), H-0.50-0.60(0.19)
06/02/2014 GENERAL Ministry of Personnel asks Govt departments not to insist on address of RTI applicant if Post Box No. given for communication, as per judgement of Calcutta HC.
05/02/2014 DUE DATE TODAY(5-2-14) is last day for deposit of Service Tax of Jan 2014(e-payment:6th). Deposit TDS/TCS by 7-2-14(Friday). No need to deduct TDS on ST portion of bill.
05/02/2014 RBI Limit of USD 100000 for 3rd Party Payment for Imports withdrawn. Firm Irrevocable Order backed by Tripartite Agreement not needed. RBI AP(DIR) Cir 100 of 4-2-14
04/02/2014 GENERAL Wef 12-2-2014, e-filing of Form 15CA for Foreign Remittances from www.incometaxindiaefiling.gov.in instead of www.tin-nsdl.com. Regards, Webtel
04/02/2014 GENERAL Execution of Development Agreement is NOT Transfer u/s 53A of Transfer of Property Act if entire control of owner. CIT Vs Sadia Shaikh. HC of Bombay at Goa
03/02/2014 DVAT Delhi Government decides to scrap DVAT Audit Report in Form AR1. To take other measures to simply DVAT. Notification awaited. Source HT/TOI of 2-2-14. Webtel
03/02/2014 GENERAL No Service Tax Audit upto 27-5-12. Wef 28-5-12, CA/CMA must in team for conducting it. ACL Education Centre (P) Ltd & Others V/s Union Of India. Allahabad HC.
03/02/2014 MCA MCA issues Notices to Companies showing Unclaimed & Unpaid amounts of Investors in XBRL filing of 2012-13 but not uploaded data in Form 5 INV on MCA website.
01/02/2014 MVAT Changes in Rule 58 of MVAT Rules related to Builders & Developers. MVAT Notification of 29.01.2014. Regards, Webtel
01/02/2014 GENERAL Exemption from Service Tax to authority, board etc. set up by Parliament or State Legislature even if no equity or control of govt. Notification 2 of 30-1-14.
01/02/2014 DVAT 15-02-14 is last date to check & correct Mismatch in DVAT Returns for Q1 & Q2 of 2013-14 & avoid Additional Tax, Interest & Penalty. Regards, Webtel
31/01/2014 DVAT EXTENSION of LAST DATE to file Q3 Returns of 2013-14 with Block R 10 in CST Form 1 to Friday, 7-2-14. DVAT Circular 33 of 31-01-14. Regards, Webtel
31/01/2014 MVAT Procedure for submission of application for CST e-declarations/certificates & issue of same electronically wef 1-2-14. MVAT Trade Cir. 4T of 2014 of 28.01.2014
31/01/2014 DVAT EXTENSION of LAST DATE for availing DVAT Amnesty Scheme to 18-2-14. Check Delhi Tax Compliance Achievement (Amendment) Scheme, 2014 for changes. Regards, Webtel
31/01/2014 DVAT TODAY(31-1-14) is LAST DATE to file Q3 Returns with Block R 10 in CST Form 1 & to avail DVAT Amnesty. (Date of Form AR-I for FY 2012-13 extended to 28-2-14).
31/01/2014 DUE DATE TODAY(31-1-14) is Last Date for Govt Deductors to file TDS/TCS Returns for Q3 of 2013-14. Use FVU 4.1. Fee of 200 per day WITH RETURN from 1-2-14.Rgds Webtel
31/01/2014 GENERAL PAN applicant NOT to submit Self-attested copy of Proof of Indentify, Address & Date of Birth or show Originals. Old procedure to continue till further orders.
30/01/2014 DVAT Counters on respective floors to accept physical Returns already e-filed for Q3 of 2013-14 from 10.30am to 5pm on 29, 30 & 31 Jan, 2014. Circular of 27-1-14.
30/01/2014 DUE DATE TODAY(30-1-14) is last date to issue 16A/27D for Q3 of 2013-14. ITD can track as mandatory to download 16A from TRACES. Govt Deductors to issue by 15-2-14.
29/01/2014 DVAT 31-1-14(Friday) LAST DATE to : File Q3 Returns with Block R 10 in CST Form 1. File Form AR-I for FY 2012-13 for Specified Dealers. Avail DVAT Amnesty Scheme.
29/01/2014 GENERAL Wef 3.2.14, PAN applicant to submit Self-attested copy of Proof of Indentify, Address & Date of Birth & show Originals for Verification. Regards, Webtel
29/01/2014 DVAT EXTENSION to 28-2-14 of Due Date of filing Form AR-I for FY 2012-13 for DVAT Dealers with GTI of 10 cr & above in 2011-12 or 2012-13.Notification of 29-01-14.
29/01/2014 INCOME TAX Income Tax Department issues Explanatory Notes to the Provisions of the Finance Act, 2013. Circular No. 03/2014 of 24-1-14. Regards, Webtel
28/01/2014 MVAT Special Amnesty Scheme 2013 declared by the Department of Industries. MVAT Trade Circular 3T of 24-1-14. Regards, Webtel
28/01/2014 GENERAL Wef 1-2-14(Saturday), Mandatory to submit Form 27A generated by TDS FVU, duly signed with TDS/TCS fvu file. TIN-FC to reject any other Form 27A. Regards, Webtel
28/01/2014 RBI RBI hikes Repo Rate by 0.25% to 8%. CRR unchanged at 4%. Reverse Repo Rate stands adjusted at 7% & Marginal Standing Facility (MSF) Rate & Bank Rate at 9%.
27/01/2014 DUE DATE Friday(31-1-14) is last date for Govt Deductors to file TDS/TCS Returns for Q3 of 2013-14. Use FVU 4.1. Fee of 200 per day WITH RETURN from 1-2-14.Rgds Webtel
24/01/2014 DVAT Now Challans automatically picked in DVAT 16/ CST 1 at DVAT site. Check as no option to change manually. Last date for Q3 Returns is 31-1-14. Regards, Webtel
24/01/2014 RBI RBI reiterates that banks are prohibited from crediting Account payee cheques to account of any person other than payee named therein. RBI Circular of 22-1-14.
23/01/2014 GENERAL Wef 1-4-14 banks to exchange notes issued prior to 2005. Wef 1-7-14 to exchange more than ten 500 &1000 such notes, Non-customers to give ID & Residence Proof.
23/01/2014 GENERAL ALL Currency Notes Without Year of Printing on reverse (issued before 2005) to continue to be Legal Tender i.e banks to exchange them for Customers & Others.
23/01/2014 DVAT Wef 2nd fortnight of Jan 2014, Banquet Halls etc to give details of functions where cost exceeds Rs 1 lac. DVAT Noti of 27-12-13. Regards, Webtel
22/01/2014 ITAT As per amended Sec 199, once TDS is deducted, credit to be given to assessee, irrespective of year to which it relates. Sadbhav Engg Ltd Vs DCIT.ITAT Ahmedabad
22/01/2014 MVAT Annual Revised Return allowed only once for FY 2011-12 onwards after uploading MVAT Audit Report e-704. GTO cant be less than in 704. Use latest version 1.8.0.
22/01/2014 DUE DATE 31-1-14 is Last Date for Govt Deductors to file TDS/TCS Returns for Q3 of 2013-14. Use FVU 4.1. Late Fee of 200 per day WITH RETURN from 1-2-14.Rgds Webtel
21/01/2014 CENVAT Cenvat Credit available after payment of ENTIRE Service Tax Dues & obtaining Discharge Certificate in Form VCES 3 in 7 days. Circular 176/2/2014-ST of 20-1-14
21/01/2014 MVAT Annual Revised Return allowed only once for FY 2011-12 onwards after uploading MVAT Audit Report e-704. GTO cant be less than in 704. Use latest version 1.8.0.
21/01/2014 DVAT LAST DATE 31-1-14 for : Availing DVAT Amnesty Scheme. Filing Q3 Returns with Block R 10 in CST Form 1. Filing Form AR-I for FY 2012-13 for specified Dealers.
21/01/2014 RBI Easing rules, RBI has allowed Forward Contracts in all Current & Capital Account Transactions upto 1 year. RBI AP (DIR Series) Circular 92 of 13-1-14. Webtel
20/01/2014 GENERAL NRI Close Relative can be Joint Account holder in Existing/ New Resident bank accounts subject to conditions. AP (DIR Series) Circular 87 of 9-1-14. Webtel
20/01/2014 NSDL PAN Application Fee revised from Rs 96 to 105 for dispatch of PAN Card in India & 962 to 971 for dispatch outside India. Circular NSDL/TIN/2014/004 of 15-1-14.
20/01/2014 DVAT LAST DATE 31-1-14 for : Availing DVAT Amnesty Scheme. Filing Q3 Returns with Block R 10 in CST Form 1. Filing Form AR-I for FY 2012-13 for specified Dealers.
18/01/2014 DVAT Notices/Summons/Orders to DVAT Dealers by SMS, E-mail & in Dealer Login. Physical may also be issued by Registered Post till 31.3.14. DVAT Order of 17.1.14.
18/01/2014 INCOME TAX All Applications for Lower or No Deduction of TDS u/s 197 of Income-tax Act must be disposed of within 1 month. Income Tax Instruction 1/2014 of 15-1-14. Webtel
18/01/2014 CCEA Extension of Special Package of Incentive for New & Existing units on Substantial Expansion in HP & Uttarakhand from 7-1-13 to 31-3-17.Press Release CCEA.Webtel
17/01/2014 CBEC Clarification on Valuation of Goods sold below Cost of Production, pursuant to case of Fiat India (P) Ltd. & Anr, SC. CBEC Circular 979/03/2014-CX of 15-1-14.
17/01/2014 CBDT TDS to be deducted on amount paid/payable even in cases other than Rent WITHOUT including Service Tax indicated separately. CBDT Circular 1/2014 of 13-1-14.
16/01/2014 CBDT Penalty of Rs 10,000 u/s 272B linked to Deductor & not to Number of Defaults regarding PAN in TDS Return. CBDT letter of 5.8.08 vide No.275/24/2007-IT(B)
16/01/2014 SERVICE TAX No Service Tax on Sponsorship for Sporting Events in which even International Teams or Individuals participate. Notification 01/2014-Service tax of 10-1-14.
16/01/2014 MVAT Wef 1-8-12, Late fee exempt to extent specified for certain returns by specified class of dealers. T&C apply. Notification VAT 1513/CR 124/Taxation 1 of 1-1-14.
15/01/2014 MVAT TODAY(15-1-14) is last date to E-file MVAT Audit Report in Form 704. File physical documents by 25-1-14(Saturday).Trade Circular 10T of 16-12-13. Rgds, Webtel
15/01/2014 DUE DATE TODAY(15-1-14) is last day to file TDS/TCS Returns for Q3 of 2013-14.Use FVU 4.1. Fee of 200 per day WITH RETURN from Tomorrow.(Govt Returns by 31-1-14).
14/01/2014 GENERAL Clarifications regarding doubts over scope of Exemption to Resident Welfare Associations under Negative List approach. Circular No 175/01/2014-ST of 10-1-14.
14/01/2014 CENVAT Amendment in Cenvat Credit in relation to Removal/Writing off of Inputs & Capital Goods under Rule 3. Notification 01/2014-CE(NT) of 8.1.14. Regards, Webtel
13/01/2014 DUE DATE 15-01-14(Wednesday) is last day to file TDS/TCS Returns for Q3 of 2013-14. Tomorrow(14-1-14) Bank Holiday due to Makar Sakranti. Use FVU 4.1. Rgds, Webtel.
13/01/2014 CCA Proof of Residence & Identity wef 15-1-14 for issue of Digital Signature. Attestation by Gazetted Officer, Bank Manager or Post Master. CCA Order of 11-12-13.
11/01/2014 GENERAL For handwritten passports & 20-year passports with validity beyond 24-11-15, Apply for new passports before 24-11-15 to avoid visa/ immigration problem. Webtel
11/01/2014 GENERAL Employers not to forward EPS claims in Form 10C for members whose contributory service is less than 6 months as no benefits payable under EPS to them. Webtel
10/01/2014 MVAT No Penalty u/s 61(2) of MVAT if Audit Report in Form 704 in case of a Developer for 2012-13 is filed upto 15-2-14. MVAT Trade Circular 1T of 4-1-14. Rgds Webtel
10/01/2014 DUE DATE 15-1-14(Wednesday) is last day to file TDS/TCS Returns for Q3 of 2013-14.Use FVU 4.1. Date of Deduction not before start of Quarter. Form 27A from FVU.Webtel
10/01/2014 MVAT No Penalty if Audit Report in Form 704 for 2012-13 is filed upto 15-2-14, by a Developer NOT opting for Composition Scheme. MVAT Trade Circular 2T of 7-1-14.
10/01/2014 GENERAL No need to submit any document in e-filing for obtaining Registration Certificates for export of commodities. Notification 63 (RE-2013)/2009-14 of 3-1-14.Webtel
09/01/2014 CBEC Unit can avail Excise Duty Exemption under Notification 1/2010-CE of 6.2.10 in Second Substantial Expansion if it satisfies conditions. CBEC Circular of 3-1-14
09/01/2014 RBI Permission to Cos for issue of Non-convertible/ Redeemable Bonus Preference Shares or Debentures to Non-residents from General Reserves. RBI Cir 84 of 6-1-14
08/01/2014 SEBI Instructions for Supervisory & Monitoring role of Depositories & Participants for Issue & Processing of Delivery Instruction Slips. SEBI Circular of 7-1-14.
08/01/2014 GENERAL No Education Cess, Secondary & Higher Education Cess on cesses under Acts not administered by Ministry of Finance. Circular 978/2/2014-CX of 7-1-14.Rgds Webtel
06/01/2014 DUE DATE TOMORROW(7-1-14) is Last Date for deposit of TDS/TCS for Dec 2013. Generate Challan or Pay Online from Web-e-TDS or Web-e-Tax, Regards Webtel.
06/01/2014 DUE DATE TODAY(6-1-14) is last day for E-Payment of Service Tax for Month/Qtr Dec 2013 (MANDATORY for assesses who paid tax amount of 1 lakh or more in last FY).
04/01/2014 GENERAL Indian citizens to fill immigration form when they fly out & not when they return from abroad. Others to fill new detailed customs form on arrival wef 1-1-14.
03/01/2014 TDS TDS FVU 4.1 wef 4-1-14. Date of Deduction not before Start of Quarter. No Deletion of Deductee Record in Correction Statement. File Q3 Statement by 15-1-14.
03/01/2014 RBI RBI clarifies that it has NOT issued any instructions to banks to not accept bank notes with anything written on them. Regards, Webtel
02/01/2014 CA Attn CAs. EXTENSION to 31-3-2014 of last date to complete CPE hours short in block period of 3 years (1-1-11 to 31-12-13). Regards, Webtel
02/01/2014 CA Attn CA Firms/LLPs. Apply Online for CAG Empanelment for 2014-15 at www.saiindia.gov.in from 1-1-14 to 15-2-14. Send Paper documents by 31-3-14. Regards Webtel
02/01/2014 DVAT Now wef 2nd fortnight of Jan 2014 (1st fortnight earlier), Banquet Halls etc to give details of functions where cost exceeds Rs 1 lac. DVAT Noti of 27-12-13.
31/12/2013 DVAT EXTENSION to 31-1-14 of due date of filing Form AR-I for FY 2012-13 for DVAT Dealers with GTI of 10 cr & above in 2011-12 or 2012-13.Notification of 31-12-13.
31/12/2013 DVAT Block R 10 in CST Form 1 can now be filed as part of Q3 Return of 2013-14. EXTENSION of date of filing Q3 Returns to 31-1-2014. DVAT Circular 31 of 31-12-13.
31/12/2013 GENERAL Clarification that no SAD exemption on goods cleared from SEZ / FTWZ unit into DTA unit on stock transfer basis for self-consumption. Circular 44 of 30-12-13.
31/12/2013 DUE DATE TODAY(31-12-13) pay VCES dues till 6 pm by challan & e-payment till midnight. Banks to accept dues against copy of ST2 RC even if no. not in database. RBI
31/12/2013 DVAT TODAY(31-12-13) is last date for e-filing Returns for Q2 of 13-14 including Block R 10 for 09-10, 10-11, 11-12 & 12-13. DVAT Circular 29 of 12-12-13. Webtel
31/12/2013 DUE DATE TODAY(31-12-2013) last date to - Avail Service Tax Amnesty Scheme for 1-10-07 to 31-12-12 & for CAs to complete CPE hours for period 1-1-2011 to 31-12-2013.
30/12/2013 DUE DATE TOMORROW(31-12-2013) last date to - Avail Service Tax Amnesty Scheme for 1-10-07 to 31-12-12 & for CAs to complete CPE hours for period 1-1-2011 to 31-12-2013.
30/12/2013 DVAT TOMORROW(31-12-13) is last date for e-filing Returns for Q2 of 13-14 including Block R 10 for 09-10, 10-11, 11-12 & 12-13. DVAT Circular 29 of 12-12-13.Webtel
30/12/2013 GENERAL Certifying CA/CS/CMA asked to avoid defective filing & facilitate early disposal of eforms. Letter of Regional Director, MCA, South Eastern Region of 19-12-13.
28/12/2013 GENERAL Employers to submit claims of existing employees in 5 days of receipt. Failure to comply will make employers liable for legal action. Regards, Webtel
28/12/2013 GENERAL Shares held by Co or power exercisable by it in another in Fiduciary Capacity not counted for Holding-Subsidiary Relationship. General Circular 20 of 27-12-13
28/12/2013 DVAT EXTENSION to 10-01-14 of due date of filing Form AR-I for FY 2012-13 for DVAT Dealers with GTI of 10 cr & above in 2011-12 or 2012-13.Notification of 27-12-13.
27/12/2013 RBI Residents/Cos can issue Tax-free, Secured, Redeemable, Non-convertible bonds in Rs to residents outside India for specified purposes. RBI Cir 81 of 24-12-13.
27/12/2013 DVAT Banquet hall etc to file Revised BE-2 Return within a week of cancellation of function. DVAT Notification of 19-12-13. Regards, Webtel
27/12/2013 CBDT CBDT expands List of Documents acceptable for issue of PAN. Aadhar to be accepted as Proof of Residence & Identity for issue of PAN. Notification 96 of 23-12-13
26/12/2013 DUE DATE 31-12-2013(Tuesday) is last date to avail Service Tax Amnesty Scheme for period 1-10-07 to 31-12-12.Register, Declare Tax, Pay in Instalments & get Immunity.
26/12/2013 DVAT Wef 1-1-14, Banquet Halls etc to give details of functions where cost exceeds Rs 1 lac, 3 days before start of fortnight in Form BE-2 . DVAT Noti of 19-12-13.
26/12/2013 DVAT Banquet Halls, Farm Houses, Hotels, Open Ground etc., where food / liquor provided to apply for enrolment in Form BE-1. DVAT Notification of 19-12-13. Webtel
24/12/2013 GENERAL Employers can now submit PF Transfer claims of employees Online in Form 13. Submit details/information wherever sought. Check www.epfindia.gov.in for details.
23/12/2013 DVAT Procedure to be followed by Special Auditor for conducting Special Audit u/s 58A of DVAT Act. DVAT Circular of 19-12-13. Regards, Webtel
23/12/2013 RBI Cr card A/c NPA if minimum amount due in statement not paid fully in 90 days from next statement date. At least Monthly Statements. RBI Circular of 20-12-13.
21/12/2013 CA Attn CAs. 31-12-13 is last date to complete CPE hours short in block period of 3 years (1-1-11 to 31-12-13). After 31-12-13, get CPE hours 2 times shortfall.
21/12/2013 DVAT Selling DVAT Dealer not eligible to make adjustment of Output Tax on account of issue of Credit Note for Cash Discount. DVAT Circular 30 of 19-12-13.
21/12/2013 DVAT Purchaser can adjust Input Tax Credit for Cr/Dr Notes for Trade Discount, Returns/Rejections, Variation in Rate or Quantity etc. DVAT Circular 30 of 19-12-13.
20/12/2013 GENERAL New Retail Investor with Gross Total Income upto Rs 12 lacs eligible to avail Rajiv Gandhi Equity Savings Scheme for AY 2014-15. Notification 94 of 18-12-13.
20/12/2013 DVAT Registration of specified dealers to be cancelled wef 1-1-14 as NIL returns for last 1 year. Show cause by 30-12-13 to Ward AO to avoid it.DVAT 10 of 18-12-13
16/12/2013 DVAT Seller to file return also besides 2B. Strict Civil & Criminal action against Defaulting Sellers & Buyers for Bogus Tax Invoices. DVAT Public Notice. Webtel
16/12/2013 GENERAL PAN, Income Tax Return Acknowledgement, Bank Account Statement not sufficient to establish identity of person. CIT VS NR Portfolio Pvt Ltd, Delhi High Court.
14/12/2013 DUE DATE Extension to 17-12-13(Tuesday) of last Date for Payment of Advance Tax- 75% by Cos & 60% by Others. Generate Challan or Pay Online from Web-e-Tax or Web-e-TDS.
14/12/2013 GENERAL Online Correction enabled on TRACES for Errors in PAN & Challan. Register at TRACES with Digital Signature for availing the same. Regards Webtel
13/12/2013 GENERAL Order passed under VCES is appealable. Barnala Builders and Property Consultants Vs Deputy Commissioner of Central Excise & Service Tax, Punjab & Haryana HC.
13/12/2013 DUE DATE 31-12-2013 is last date to avail Service Tax Amnesty Scheme (VCES) for period 1-10-07 to 31-12-12.Register, Declare Tax, Pay in Instalments & get Immunity.
12/12/2013 DVAT File CST Form 1 for Q2 of 13-14 in AMENDED format (including Block R 10) AGAIN by 31-12-13 if same already e-filed in old format. DVAT Circular 29 of 12-12-13.
12/12/2013 DUE DATE 15-Dec-13(Sunday) is Last Date for Payment of Advance Tax- 75% by Cos & 60% by Others. Generate Challan or Pay Online from Web-e-Tax or Web-e-Tax. Rgds, Webtel
12/12/2013 DVAT Extension of last date for e-filing CST Form 1 for Q2 of 13-14 including Block R 10 for 09-10, 10-11, 11-12 & 12-13 to 31-12-13.DVAT Circular 29 of 12-12-13.
12/12/2013 GENERAL No Undertaking/Declaration beyond that prescribed in VCES or Rules. No investigation for genuineness. Can pay tax in instalments.VCES Clarification of 11-12-13.
12/12/2013 MVAT No Refund of ITC if purchases from dealer declared non-genuine by MVAT Department even if he has filed returns or paid tax. MVAT Trade Circular 9T of 11-12-13.
11/12/2013 ITA Standardisation of process of filing application for approval of Electoral Trust by providing checklist for same. F. No. 173/158/2013-ITA.I of 10-12-13.Webtel
11/12/2013 DVAT DVAT dealers dealing only in Exports or in Goods in First Schedule NOT to file Form AR-1 even if Sale of Incidental items is upto 5 lacs. Noti of 14-11-13.
10/12/2013 ITAT Payment in excess of 20,000 by CROSSED cheque to be disallowed as section 40A(3) requires payment by A/C PAYEE cheque. Rajmoti Industries Vs ACIT, ITAT Rajkot
09/12/2013 GENERAL Small Size & Numerous Quantity of Stock cant be reasons to exclude it in Valuation of Stock. CIT Vs Majestic Auto Ltd. HC, Punjab & Haryana. Regards, Webtel
09/12/2013 CA Attn CAs. Exemption from CPE Hours only for calendar year in which he gets CA membership. eg. CAs enrolled in 2011 to get 60 CPE Hours for 2010-2012 & not 90.
07/12/2013 GENERAL New Demat account holders not to pay stamp duty of Rs. 100 charged earlier on agreement for demat accounts. To make registration simpler & cheaper. Rgds, Webtel
07/12/2013 DUE DATE 15-Dec-13 is Last Date for Payment of Advance Tax- 75% by Cos & 60% by Others. Generate Challan or Pay Online from Web-e-TDS or Web-e-Tax. Rgds, Webtel
06/12/2013 SEBI SEBI harmonizes account opening process for demat & trading account with reduced signatures. SEBI Circular CIR/MIRSD/12/2013 of 4-12-13. Regards, Webtel
06/12/2013 DVAT Procedure for Voluntary Disclosure of Tax Deficiency u/s 87(6) of DVAT Act, 2004. DVAT Circular 28 of 3-12-2013. Regards, Webtel
06/12/2013 SEBI Revised format for disclosure of Statement of Assets & Liabilities in Offer document. Compliant with Revised Schedule VI & Cos Act 2013.SEBI Circular of 3-12-13
05/12/2013 CTT Government allows deduction of Commodity Transaction Tax (CTT) u/s 43(5) of Income Tax Act to traders as it forms part of Business Income. Regards, Webtel
05/12/2013 DUE DATE TODAY(5-12-13) is last day for deposit of Service Tax for month of Nov 2013(e-payment:6th). Deposit TDS/TCS by 7-12-13(Saturday). Regards, Webtel
04/12/2013 GENERAL Canteen Allowance part of Basic Wages for PF Deduction. Whirlpool of India Ltd. Vs Regional PF Commissioner. Delhi High Court . Regards, Webtel.
04/12/2013 GENERAL Value Goods fully/partly used for self at 110% of cost in Excise(Rule 8). Change in Rule 9 & 10 for Valuation for Related Parties. Notification 14 of 22-11-13.
03/12/2013 GENERAL Take PAN of Landlord from Employee if Rent exceeds Rs 1 lac pa. Else, take Declaration of NO PAN from Landlord with his Name & Address. Circular 8 of 10-10-13.
03/12/2013 RBI Memorise your PIN as wef 1-12-2013, RBI has made it mandatory to punch PIN number every time you use Debit Card while shopping, to minimise frauds. Webtel
02/12/2013 MVAT Developers (not co-developers) of SEZ & units in processing area of SEZ entitled to set-off wef 15-10-11 in respect of purchases. Trade Circular 8T of 29-11-13.
02/12/2013 CA Attn CAs. 31-12-13 is last date to complete CPE hours short in block period of 3 years (1-1-11 to 31-12-13). After 31-12-13, get CPE hours 2 times shortfall.
02/12/2013 RBI Banks to ensure that SMS Alert Charges are levied on all customers on Actual Usage Basis. RBI/2013-14/381 DBOD. No. Dir. BC. 67/13.10.00/2013-14 of 26-11-13.
30/11/2013 DVAT Extension of last date for e-filing Block R 10 for 2009-10 in CST Form 1 for Q2 of 2013-14 to 15-12-13. Hard copy by 16-12-13. DVAT Circular 27 of 29-11-13.
30/11/2013 DUE DATE TODAY(30-11-13) is Last date for filing IT Returns & e-Form 3CEB for Transfer Pricing(Intl & Domestic) & e-filing Form 23C for appointment of Cost Auditor.
29/11/2013 DVAT EXTENSION to 31-12-13 of due date of filing Form AR-I for FY 2012-13 for DVAT Dealers with GTI of 10 cr & above in 2011-12 or 2012-13.Notification of 29-11-13.
29/11/2013 INCOME TAX Penalty of Rs 1 lac for not e-filing Form 3CEB for Transfer Pricing(Intl & Domestic) cases by 30-11-13(TOMORROW). ITR filing date also same in such cases.
29/11/2013 GENERAL No Waiver of Penalty & other proceedings where Service Tax pertaining to period covered under VCES & Interest already paid before VCES came into effect. Webtel
29/11/2013 CA Attn CA Firms/LLPs. Apply Online for CAG Empanelment for 2014-15 at www.saiindia.gov.in from 1-1-14 to 15-2-14. Send Paper documents by 31-3-14. Regards Webtel
28/11/2013 RBI Incremental Loans to Medium, Micro & Small Service Enterprises from 13-11-13 to 31-3-14, up to 10 cr, to be Priority Sector Advances. RBI Circular of 25-11-13
28/11/2013 DUE DATE 30-11-13(Saturday) is Last date for filing IT Returns & e-Form 3CEB for Transfer Pricing(Intl & Domestic) & e-filing Form 23C for appointment of Cost Auditor.
28/11/2013 CA Attn CA Firms. 29-11-13(TOMORROW) is Last date (upto 3pm) to check category in revised Draft Bank Branch Auditors panel for 2013-14 & file complaint, if any.
27/11/2013 GENERAL VCES Clarification. Benefit of VCES available for tax dues paid by assesses after 10.5.13 but before declaration is filed. Circular 174/9/2013 of 25-11-13.
27/11/2013 DIGITAL SIGNATURE Issue of Digital Signature Certificate in USB Token made Mandatory for better security. Office Order of Controller of Certifying Authorities of 25-10-13. Webtel
26/11/2013 DVAT DVAT. For Refunds, file data of pending Statutory Forms in Block R10 of CST Return Form 1 by 30-11-13 for 2009-10 & by 31-12-13 for 2010-11, 2011-12 & 2012-13.
26/11/2013 CS Attn CS Firms. State Farms Corp of India, New Delhi invites offers for Secretarial Services. Terms & Conditions available at www.sfci.nic.in. Regards, Webtel
26/11/2013 SERVICE TAX Wef 1-1-14, e-payment of Service Tax/Excise Duty Mandatory for assessees who paid tax of 1 lac or more in preceding FY. Notification 16/2013-ST of 22-11-13.
26/11/2013 GENERAL VCES Clarification. Defects in VCES application to be explained to declarant & help provided to rectify them. Circular 174/9/2013 of 25-11-13. Regards, Webtel
25/11/2013 MVAT Correction of mistakes made by dealers/banks in e-payment of MVAT and refund of excess tax paid. MVAT Trade Circular 7T of 2013. Regards, Webtel
25/11/2013 DVAT TODAY(25-11-13) is last date for E-filing DVAT 16, 17 & 48 for Q2 of 2013-14 for ALL Dealers. Hard copy by 28-11-13. Circular 26 of 20-11-13. Regards, Webtel
25/11/2013 DUE DATE 30-11-13(Saturday) is Last date for filing IT Returns & e-Form 3CEB where Transfer Pricing applies in case of International or Specified Domestic Transactions.
23/11/2013 SERVICE TAX SEZ to file Form A-3 of details of Services Received without Service Tax in 30 days from quarter end. For Q2, file by 15-12-13. Notification 15 of 21-11-13.
23/11/2013 TDS WEBTEL TDS TIP. For Deposit of TDS u/s 194IA, if 1 Buyer & 2 Sellers, fill 2 Forms 26QB. For 2 Buyers & 2 Sellers, fill 4 forms for Respective Property Shares.
22/11/2013 GENERAL AO to follow clarifications in Circular 1 of 17-1-13 for Computer Software exporters availing tax-benefits u/s 10A, 10AA and 10B. Insruction 17 of 19-11-13.
22/11/2013 MCA MCA issues Draft Rules for COST RECORDS & COST AUDIT RULES under 6th tranche .Last date for giving suggestion is 06-12-2013. Regards, Webtel
21/11/2013 GENERAL AO to send Draft Assessment Order for ANY AY to assessee for proposed change in income or loss prejudicial to his interest(Sec 144C).Clarification of 19-11-13.
21/11/2013 SERVICE TAX Services of Rent-a-cab Scheme Operators & SEZ Online included in List of Services on which SEZ can claim exemption from Service Tax. Instruction 79 of 19-11-13.
21/11/2013 DVAT EXTENSION to 25-11-13(Monday) of last date for E-filing DVAT 16, 17 & 48 for Q2 of 2013-14 for ALL Dealers. Hard copy by 28-11-13. Circular 26 of 20-11-13
21/11/2013 MCA MCA issues Draft Rules for Winding Up under 5th tranche. Last date for giving suggestions is 19-12-2013. Regards, Webtel
20/11/2013 MCA Section 372A of Cos Act, 1956 dealing with Inter-Corporate Loans to remain in force till section 186 of Cos Act, 2013 is notified. MCA Circular 18 of 19-11-13.
20/11/2013 SEBI SEBI tightens Corp Disclosure Norms. Monitoring by Stock Exchanges of Compliance by Listed cos with Listing Agreement.SEBI Circular of 18-11-13.
19/11/2013 DVAT EXTENSION of Last date for e-filing DVAT 48 with annexures, for Q2 of 2013-14 by TAN holders to 20-11-13. DVAT Circular 25 of 14-11-13. Regards, Webtel
19/11/2013 GENERAL Conversion from Lease hold to Free hold to be considered for computation of period of holding for Capital Gains. CIT Vs Rama Rani Kalia, HC Allahabad. Webtel
18/11/2013 TDS Now apply for Refund of Excess TDS deposited at www.tdscpc.gov.in. Site will show Yearwise Outstanding Demand which must be settled before applying for refund.
18/11/2013 DVAT DVAT Dealers with GTI of 10 cr & more in 2011-12 or 2012-13 to file Form AR-I for 2012-13 by 2-12-13.Exemption if sales in 2012-13 upto 1 cr. Noti of 14-11-13.
16/11/2013 SERVICE TAX No Service Tax on Reimbursent of Expenses. Sercon India Private Limited Vs. Commissioner (Adjudication), Service Tax, High Court Delhi. Regards, Webtel
16/11/2013 DVAT Tax Contribution in field R3 in DVAT16&17 means output tax reduced by input tax credit for a commodity. Tax code to appear automatically on selecting commodity.
15/11/2013 GENERAL Cos Act 2013. Jail upto 1 year & Fine 50,000 to 5 lac for MD, CFO, WTD etc for non compliance of new Sec 128 for maintenance of Books of Account. Regards Webtel
15/11/2013 INCOME TAX AOs to follow Standard Operating Procedure for handling E-filed returns where Self Assessment Tax is unpaid. ITR to be filed u/s 139(9) after tax deposit.Webtel
14/11/2013 DVAT TIN details optional for opening Current Account of new dealers. Bank account mandatory for new dealers for registration. DVAT Circular of 25-10-13.Rgds Webtel
14/11/2013 DUE DATE 30-11-13 is Last date for filing IT Returns & e-Form 3CEB where Transfer Pricing provisions apply in case of International or Specified Domestic Transactions.
13/11/2013 MVAT For creation of Equitable Mortgage in Maharastra by Deposit of Title Deeds, mortgagor to send Online Notice to Registrar within 30 days. Notification of 1.10.13
13/11/2013 GENERAL Charging of Premium, Loan or Deposit etc directly or indirectly for Engagement as Articled Assistant is Misconduct & Punishable under Chartered Accountant Act.
12/11/2013 GENERAL Co to transfer shares to legal heir on written request & certificates for death, succession etc. even if no will. S K Sinha Vs Baroda Crystal Glass Works Ltd.
11/11/2013 DUE DATE Extension of last date for e-filing Form 23C for appointment of Cost Auditor to 30-11-13 or 30 days of start of FY, whichever is later. Circular 17 of 1-11-13
11/11/2013 DVAT TODAY(11-11-13) is last date for E-filing DVAT Q2 Returns for GTO in 2012-13 of 10 cr or more. 1-10 cr by 20-11-13 & less than 1 cr by 25-11-13.Regards, Webtel
09/11/2013 DVAT 11-11-13(Monday) is Due date for E-filing DVAT Q2 Returns if GTO in 2012-13 10 cr or more. 1-10 cr by 20-11-13 & less than 1 cr by 25-11-13. Regards, Webtel
09/11/2013 MCA Prohibition & Restrictions on Political Contributions u/s 293A NA to Sec 25 Cos registered under Electoral Trusts Scheme, 2013. MCA Order of 7-11-13.Rgds Webtel
09/11/2013 RBI Third Party Payments for Export /Import transactions allowed subject to certain conditions. RBI A. P. (DIR Series) Circular No.70 of 8-11-13. Regards, Webtel
08/11/2013 DVAT EXTENSION to 2-12-13 of last date for filing Audit Report in Form AR-I for FY 2012-13 for DVAT Dealers with Gross Sales of 10 cr & above. Source DVAT site.
08/11/2013 SEBI Periodicity of System Audit of Brokers as per criteria. Stock exchanges to track findings & report to SEBI quarterly. SEBI CIRCULAR MRD/DMS/34/2013 of 6-11-13.
08/11/2013 RBI NBFCs not to accept freshPDC/ EMI cheques where ECS facility available. Existing cheques to be converted into ECS by 31-12-13. RBI Circular of 6-11-13. Webtel
07/11/2013 CBDT Cyprus is Notified Jurisdictional Area u/s 94A. Transfer Pricing applicable. TDS @ 30%. Sums received treated as Income etc. CBDT Notification of 1-11-13.Webtel
07/11/2013 DVAT Yearwise details of pending forms(R10) may be left blank in Q2 CST Form 1. To be separately e-filed for 2009-10 by 30-11-13 & by 31-12-13 for balance years.
07/11/2013 CBDT CBDT reconstitutes Dispute Resolution Panel in Delhi & Mumbai. CBDT Order no.6/FT&TR/2013 [F.NO.500/15/2011-FT&TR-I] of 4-11-2013. Regards, Webtel
06/11/2013 GENERAL Extension of last date for e-filing Form 23C for appointment of Cost Auditor to 30-11-13 or 30 days of start of FY, whichever is later. Circular 17 of 1-11-13
06/11/2013 DVAT Ratewise breakup of Exempted Turnover in CST Return Form 1 (Column R6 of Tax Rate DVAT) optional field for Q2 Returns only. DVAT Circular 22 of 6-11-13. Webtel
06/11/2013 DUE DATE CA Firms : TODAY(6-11-13) is last date to check your category in Draft Bank Branch Auditors panel for 2013-14 on www.meficai.org & request for change, if any.
05/11/2013 DUE DATE TODAY(5-11-13) is last day for deposit of Service Tax for month of Oct 2013(e-payment:6th). Deposit TDS/TCS by 7-11-13(Thursday). Regards, Webtel
01/11/2013 DVAT DVAT Amnesty Scheme covers all outstanding tax dues, even Sales Tax. Dealers can self declare & pay 50% of admitted tax by 31-1-14 & balance by 21-3-14. Webtel
01/11/2013 RBI RBI clarifies that supplies of Gold to SEZs not to be counted as exports to qualify for further purchases from overseas. 20% of imports have to be exported.
31/10/2013 DUE DATE Govt Deductors - TODAY(31-10-13) is last date to file TDS/TCS Returns for Q2 of 2013-14. Use FVU 4.0. Fee of 200 per day WITH RETURN from 1-11-13.Rgds Webtel
31/10/2013 DUE DATE TODAY(31-10-13) is extended Due Date of filing of ITRs & Tax Audit Report etc for AY 2013-14 for Cos & Audit cases. CBDT Order dated 24-10-13. Regards, Webtel
30/10/2013 LLPS LLPs registered from 01-10-11 to 31-3-12 can close FY on 31-3-12 or 31-3-13 & file Form-8 & 11 accordingly. Fee of Rs 100 per day for Late filing of Form 8.
30/10/2013 DUE DATE TODAY(30-10-13) is last date to issue Form 16A downloaded from TRACES & 27D(TCS certificate) for Q2 of 2013-14. Govt Deductors to issue by 15-11-13.Rgds Webtel
30/10/2013 DUE DATE TODAY(30-10-13) is the Last Date For Companies whose AGM held on 30-09-13 to file Financial Statement with MCA(30 days from AGM).Rgds,Webtel
29/10/2013 RBI RBI hikes Repo Rate by 0.25% to 7.75% & cuts Marginal Standing Facility (MSF) by 0.25% to 8.75%. Regards, Webtel
29/10/2013 TDS Govt Deductors - Thursday(31-10-13) is last date to file TDS/TCS Returns for Q2 of 2013-14. Use FVU 4.0. Fee of 200 per day WITH RETURN wef 1-11-13.Rgds Webtel
29/10/2013 SEBI Easy Transfer of Shares of Deceased (Single Name, No Nominee) upto 5 lacs in Demat & 2 lacs for Physical Shares (1 lac earlier).SEBI Circular of 28-10-13.Webtel
28/10/2013 INCOME TAX AOs to issue notices & follow-up cases of Defective Returns for AY 2013-14 due to non-payment of tax & ensure deposit at earliest. IT Dept letter of 22-10-13.
26/10/2013 INCOME TAX AOs to advise CPC Bangalore to set off pending demands against refunds where demand/refund exceeds Rs. 5000/-. IT Dept communication of 22.10.13. Regards Webtel
26/10/2013 GENERAL Procedure for closure of cases of default in Export Obligation under Public Notice 22 of 12.8.13. DGFT Policy Circular No. 8/2009-2014(RE 2013) of 25.10.13
25/10/2013 DVAT Due dsdates for E-filing DVAT Q2 Returns. GTO in 2012-13: 10 cr or more-11-11-13, 1-10 cr– 20-11-13 & less than 1 cr–25-11-13. DVAT Circular 18 of 1-10-13. Webtel
25/10/2013 SERVICE TAX TODAY(25-10-13) is the Last Date for e-filing Service Tax Return Form ST-3 for Apr - Sep 2013. Regards, Webtel
23/10/2013 DVAT EXTENSION to 31-10-13(Thursday) to check & correct Mismatch in DVAT Returns for Q3 & Q4 of 2012-13 & avoid Additional Tax, Interest & Penalty. Regards, Webtel
22/10/2013 DUE DATE 25-10-13(Friday) is the Last Date for e-filing Service Tax Return Form ST-3 for Apr - Sep 2013. Regards, Webtel
21/10/2013 SERVICE TAX Service Tax on Skill Development & Training firms imposed in Finance Act 2013 rolled back. ST Notification No.13/2013-ST of 10-9-13. Regards, Webtel
21/10/2013 DVAT TODAY (21-10-13) is last date to check & correct Mismatch in DVAT Returns for Q3 & Q4 of 2012-13 & avoid Additional Tax, Interest & Penalty. Regards, Webtel
19/10/2013 CESTAT Same activity cannot be subjected to Excise Duty & Service Tax at the same time. Jubilant Industries Limited Vs CCE, Ghaziabad.CESTAT New Delhi. Regards, Webtel
19/10/2013 RBI Residents can acquire immovable property abroad within limit of USD 75000 pa for contracts entered before 15-8-13. RBI Circular 32 of 4-9-13. Regards, Webtel
18/10/2013 GENERAL Form 15CA not required for travel for business, pilgrimage, medical treatment, education (including fee etc), personal gifts, investments in equity, debt etc.
18/10/2013 DUE DATE 25-10-13(Friday) is the Last Date for e-filing Service Tax Return Form ST-3 for Apr - Sep 2013. Regards, Webtel
17/10/2013 DVAT 21-10-13(Monday) is last date to check & correct Mismatch in DVAT Returns for Q3 & Q4 of 2012-13 & avoid Additional Tax, Interest & Penalty. Regards, Webtel
17/10/2013 SEBI SEBI to accept e-KYC service of UIDAI as a valid Proof of Identity for opening accounts with Brokerage Firms, Mutual Funds, Portfolio Managers etc. Rgds, Webtel
16/10/2013 SERVICE TAX Service Tax Not applicable on Goods sold on MRP basis across the counter as part of the Bill or Invoice. Circular 173/8/2013–ST of 7-10-13. Regards, Webtel
16/10/2013 GENERAL No Penalty for not quoting of PAN in TDS certificates if payee has not informed PAN to deductor. CIT & Another Vs Gail (India) Ltd. Allahabad HC. Rgds, Webtel
15/10/2013 DVAT Guidelines for Refunds. Submit Details of Sales against F forms monthly & other forms quarterly in Online Refund Form in Dealer Login. DVAT Circular 11-10-13
15/10/2013 DUE DATE TODAY(15-10-13) is last day to file TDS/TCS Returns for Q2 of 2013-14.Use FVU 4.0. Fee of 200 per day WITH RETURN from tomorrow. (Govt Returns by 31-10-13).
14/10/2013 DVAT CAs to ensure Quality & Timeliness of VAT/Special Audit Reports. Same subject to Peer Review & Report to Disciplinary Committee of ICAI. DVAT Cir 21 of 14-10-13
14/10/2013 DUE DATE TODAY(14-10-13) is the Extended last date for filing Income Tax Returns for assesses in Gujarat whose due date was 30-9-13. CBDT Order of 30-9-13. Rgds Webtel
12/10/2013 TDS TDS Salaries Cir 8 of 10-10-13. SC @ 10% for income above 1 cr. No EC & SC if TDS @ 20%(206AA). 2000 tax rebate for income upto 5 lac. No Form 16 if no TDS.
12/10/2013 SERVICE TAX Service Tax applicable if services provided by AC restaurant in areas like swimming pool or open area attached to restaurant. Circular 173/8/2013–ST of 7-10-13
11/10/2013 DUE DATE 15-10-13(Tuesday) is last day to file TDS/TCS Returns for Q2 of 2013-14.Use FVU 4.0. Late filing Fee of 200 per day WITH RETURN.(Govt Returns by 31-10-13).
11/10/2013 SEBI Listing & Issue of Capital by SMEs without IPO. SEBI (Listing of Specified Securities on Institutional Trading Platform) Regulations, 2013 wef 8-10-13. Webtel
10/10/2013 CA CAs to obtain 2 times CPE hours short in block period of 3 years (1-1-2011 to 31-12-2013). Authorities may not allot work to them on basis of name on website.
10/10/2013 CA Practising CAs : Obtain 90 CPE hours (60 of Structured Learning) for 1-1-2011 to 31-12-2013. Structured Learning of minimum 20 hours pa in 2011, 2012 & 2013.
10/10/2013 TDS Keep handy 15 digit Token No. in receipt of ORIGINAL Form 24Q/26Q/27Q/27EQ last filed by you as Mandatory to quote it in TDS/TCS Statement in TDS FVU 4.0.
09/10/2013 DVAT 15-11-13 is last date for DVAT Dealers with Gross Sales of 10 cr & more to file Audit Report in Form AR-I for FY 2012-13. DVAT Notification of 11-2-13. Webtel
09/10/2013 TDS NIL TDS/TCS Statement cant be filed now as the latest FVU 4.0 does not allow it. File only if there is at least 1 deduction entry. 15-10-13 is Due Date for Q2.
08/10/2013 SERVICE TAX No Service Tax on service in non AC restaurant even if food is from a common kitchen for both AC & non-AC restaurant. Circular 173/8/2013– ST of 7-10-13. Webtel
08/10/2013 INCOME TAX New Form 34EA (rule 44E)- Application for obtaining Advance Ruling u/s 245Q(1) of Income-Tax Act, 1961 wef 1-4-2015. Notification No. 76/2013 of 24-9-13. Webtel
05/10/2013 DUE DATE TODAY(5-10-13) is last day for deposit of Service Tax for month/quarter Sep 2013(e-payment:6th). 7-10-13(Mon) is last day for deposit of TDS/TCS for Sep 2013.
05/10/2013 DVAT 7-10-13(Monday) is LAST date for E-filing Annexure 2C & 2D for Q1 of 2013-14. Physical Annexure 2C & 2D by 10-10-13(Thursday).DVAT Circular 14 of 6-9-13. Webtel
05/10/2013 MVAT All Maharastra VAT/CST Dealers, PTRC/PTEC holders to e-file PAN/TAN & contact details in PT Information Form in 1 month. Trade Circular 6T of 1-10-13.Webtel
04/10/2013 TDS Pay TDS/TCS of Sep by 7-10-13. File TDS/TCS Returns for Q2 of 2013-14 by 15-10-13. NEW FVU 4.0. Late Fee of 200 per day WITH RETURN.Govt Returns by 31-10-13.
04/10/2013 TDS TDS Credit cant be denied even if TDS Certificate not available or entry not in Form 26AS. Citicorp Finance (India) Ltd vs. ACIT. ITAT Mumbai. Rgds, Webtel
03/10/2013 DVAT EXTENSION of date for E-filing DVAT Q2 Returns. GTO in 2012-13: 10 cr or more-11-11-13, 1-10 cr– 20-11-13 & less than 1 cr–25-11-13.DVAT Circular 18 of 1-10-13.
03/10/2013 DUE DATE 5-10-13(Sat) is last day for deposit of Service Tax for month/quarter Sep 2013(e-payment:6th). File Service Tax Return for Apr 2013- Sep 2013 by 25-10-13.
01/10/2013 TDS TDS FVU 4.0 wef 1-10-13(TODAY). MUST provide 15 digit Token No of last 24Q/26Q/27Q/27EQ. No Nil Statement. Lower/Nil Deduction Code must in DD for Nil Challan.
01/10/2013 DSC Wef TODAY(1-10-13), DSC to be issued only after Application Form (with Ink Signature) & Attested Supporting Documents physically received & verified by issuer.
30/09/2013 GENERAL Unlisted Indian cos to raise funds abroad without prior or subsequent Listing in India. Initially to be available for two years, on a pilot basis. Rgds, Webtel
30/09/2013 CBDT No Extension of date for filing income tax returns in rest of India. Extension till 14-10-2013 for Gujarat due to heavy rains & floods. CBDT Order of 30-9-13.
30/09/2013 INCOME TAX Income Tax Offices to accept Tax Audit Reports upto 8pm TODAY(30-9-13). Income Tax Order dated 30-9-13. Regards, Webtel
30/09/2013 DUE DATE TODAY(30-9-13)is Last Day for e-filing IT Returns(AY13-14)for Cos, Tax Audit cases etc & filing paper Tax Audit, MAT Report etc with AO if problem in e-filing.
28/09/2013 DUE DATE 30-9-13(Mon) is Last Date for e-filing IT Returns(AY13-14)for Cos, Tax Audit cases etc & filing paper Tax Audit, MAT Report etc with AO if problem in e-filing.
28/09/2013 Cos Act Cos Act 2013 recognises CFO as a Key Managerial Person & makes it mandatory for him to attest Financial Statements. Regards, Webtel
27/09/2013 CBDT CBDT notifies GAAR Rules & Forms 3CEG, 3CEH, 3CEI. Applicable wef 1-4-16. Threshold of 3 cr of tax benefit to all parties. Notification 75/2013 of 23-9-13.
27/09/2013 INCOME TAX File with AO paper 29B, 10B, 10BB etc (not just Form 3CD with BS, PL) by 30-9-13(Monday) if not e-filed by this date. After physical filing, e-file by 31-10-13.
26/09/2013 GENERAL Revised Form 15CA. Summary data for payment to non-residents upto Rs 50,000 & total of payments during FY upto Rs. 2,50,000. Detailed data in other cases.
26/09/2013 INCOME TAX NO Extension for Tax Audit or ITR. File paper Tax Audit, MAT Report etc by 30-9-13(Mon) with AO if problem in e-filing. E-File by 31-10-13.. Order of 26-9-13.
25/09/2013 RBI Contravention of FEMA & KYC, AML Norms in case of Overseas Forex Trading through electronic / internet trading portals. RBI Circular 46 of 17-9-13. Rgds, Webtel
25/09/2013 GENERAL Standard Operating Procedure for AOs for tracking Non-filers by Non-filers Monitoring System (NMS). Instruction No. 14/2013 of 23-9-13. Regards, Webtel
24/09/2013 MCA Draft Rules for 9 more chapters under Companies Act, 2013 put on MCA website for public comments to be sent by 19/10/2013. Regards, Webtel
24/09/2013 DVAT No need to file Form Stock-1 giving details of stock as on 31st March as Notification of 16/08/2012
withdrawn with immediate effect. DVAT Notification of 23-9-2013
23/09/2013 GENERAL Till transfer of matters, proceedings to Tribunal under Cos Act, 2013, CLB to exercise such powers. Cos (Removal of Difficulties) Order,2013 wef 20-9-13. Webtel
23/09/2013 SERVICE TAX Service Tax Exemption on room rent & serving of food & beverages in Uttarakhand from 17-9-13 to 31-3-14. Adhoc Exemption Order 1/1/2013 of 17-9-13. Webtel
22/09/2013 RBI Banks to provide claim forms/put them on website for timely settlement of claims of legal heirs of deceased. RBI Circular of 3-9-13. Regards, Webtel
21/09/2013 SERVICE TAX Transport, hostel, housekeeping, canteen, security services etc provided TO educational instituitions exempt from Service Tax.Circular 172/7/2013–ST of 19-9-13
21/09/2013 GENERAL Compulsory selection of cases for Scrutiny during FY 2013-14 where exemption u/s 11 or 10(23C) claimed inspite of cancellation etc. Instruction 13 of 20-9-13.
20/09/2013 CUSTOM Guidelines for arrest & bail under Service Tax, Customs Act & Excise Act. Circulars 171/6/2013-Service Tax, 38/2013-Customs & 974/08/2013-CX of 17-9-13. Webtel
20/09/2013 CUSTOM Chief Commissioners of Central Excise & Customs & Director Generals Service Tax/Systems to clear all pending Service Tax Registration Applications by 23-9-13.
19/09/2013 DVAT Even after deletion of 2nd proviso to section 86, aggrieved person can object against notice of penalty assessment. DVAT Circular 16 of 19-9-13. Rgds, Webtel
19/09/2013 CBDT Electoral Trusts can apply for approval u/s 2 for benefit of donations to political parties for AY 2014-15 upto 30-11-13. CBDT Press Release of 16-9-13.Webtel
19/09/2013 MCA Sections of Cos Act 1956 (corresponding to 98 sections of Cos Act, 2013 applicable wef 12-9-13) shall be not applicable wef 12-9-13.MCA Circular 16 of 18.9.13
18/09/2013 DVAT Fill Online Self Declaration from 25-9-13 to 10-10-13 to get refund upto 1 lac & upto 2012-13 by ECS. Scrutiny of 10% cases later on. DVAT Circular of 17-9-13.
18/09/2013 MCA ROC to register Memo & AOA received till 11-9-13 as per Private Co in Cos Act 1956 without referring to Private Co in Cos Act 2013. MCA Circular 15 of 13-9-13.
17/09/2013 DVAT EXTENSION of Last Date to submit Online TAXWISE breakup of Stock on 31-3-13 to 5-10-13. for ALL DVAT Dealers. DVAT Notification of 16-9-13. Regards, Webtel
17/09/2013 INCOME TAX Extension to 31-10-13 of Last date for filing ITR-V for ITRs without digital signature filed for AY 2011-12 during FY 2012-13 & those filed for A.Y. 2012-13.
16/09/2013 DVAT TODAY(16-9-13) is last day for DVAT Dealers with GTO in 2012-13 upto 1 cr to submit Online TAXWISE breakup of Stock on 31-3-13. Notification of 16-8-13.
16/09/2013 DUE DATE TODAY(16-9-13) is last day for Advance Tax deposit-45% by Cos & 30% by others.. Press Release of MOF of 12-9-13. Pay Online from Web-e-TDS or Web-e-Tax. Webtel
16/09/2013 MCA Ordinary Resolution sufficient even if new Act requires special one if Notice for general meeting is issued prior to 12-9-13. MCA Circular 15 of 13-9-13. Webtel
15/09/2013 RBI Gift & donation by a resident included in forex limit of USD 75000 pa. For educational & medical expenses etc limits are separate. RBI Circular 32 of 4-9-13.
14/09/2013 DUE DATE 15-9-13 is last day for Advance Tax deposit. All banks to open Today & Tomorrow(Sunday). Can pay on Monday(16-9-13) also. Press Release of MOF of 12-9-13.Webtel
14/09/2013 MCA Statement annexed to Notice of general meeting issued after 11-9-13 to comply with additional requirements prescribed u/s 102. MCA Circular 15 of 13-9-13.
13/09/2013 MCA Some sections of Companies Act, 2013 applicable wef 12-9-13. Check MCA Notification File No. 1/15/2013-CL. V of 12-9-13 for details. Regards, Webtel
13/09/2013 GENERAL No Disallowance of Expenditure if Tax Short Deducted. CIT vs SK Tekriwal, Kolkata HC. Apollo Tyres vs. DCIT, ITAT Cochin. CIT Vs Chandabhoy & Jassobhoy, Mum HC.
12/09/2013 INCOME TAX Assessee to be given opportunity to file response or reply before making any adjustment of refund payable by CPC Bengaluru. IT Instruction 12 of 9-9-13. Webtel
12/09/2013 DSC Wef 1-10-13, DSC to be issued only after Application Form (with Ink Signature) & Attested Supporting Documents are physically received & verified by the issuer.
11/09/2013 DUE DATE 15-9-13(Sunday) is the last day for payment of Advance Tax- 45% by Cos & 30% by others. Generate Challan or Pay Online from Web-e-TDS or Web-e-Tax. Webtel
11/09/2013 CA Revised CA Certificate for Foreign Remittance in Form 15CB only if payment to non-resident exceeds Rs 50,000 or total of payments during FY exceed Rs 2,50,000
10/09/2013 DUE DATE Attn CA Firms - 12-9-13 (Thursday) is Last date for sending documents for Multipurpose Empanelment Form for 2013-14. Last date for e-filing was 2-9-13. Webtel
10/09/2013 DUE DATE TODAY(10-9-13) is the Last Date for e-filing Service Tax Return Form ST-3 for Oct 2012- Mar 2013. Order 4/2013-ST. Regards, Webtel
09/09/2013 DVAT Extention of last date for Online Submission of data in DP-1 for ALL DVAT Dealers by 1 month to 16-10-13. DVAT Notification of 9-9-13. Regards, Webtel
09/09/2013 MCA Send comments by 8-10-13 on Draft Rules for 16 chapters in Companies Act 2013 available on www.mca.gov.in. Forms under relevant Rules to be available shortly.
09/09/2013 DUE DATE TOMORROW(10-9-13) is the Last Date for e-filing Service Tax Return Form ST-3 for Oct 2012- Mar 2013. Order 4/2013-ST. Regards, Webtel
07/09/2013 ICAI FAQs ON e-FILING OF TAX AUDIT REPORT on www.icai.org. Statutory Audit Report & Notes to Accounts, Schedules of Balance Sheet & P&L also to be uploaded.Webtel
07/09/2013 DVAT EXTENSION of date of E-filing Annexures 2C & 2D to 7-10-13. Physical copy of Annexure 2C & 2D by 10-10-13. Cir 14 of 6-9-13. Regards, Webtel
07/09/2013 INCOME TAX Wef 1-10-13, Revised Form 15CA/15CB in case of payment of ANY sum chargeable to tax INCLUDING SALARY to Non-resident. IT(14th Amendment) Rules, 2013 of 2-9-13.
06/09/2013 MCA File e-form 23C for appointment of Cost Auditor upto 31-10-13 or in 90 days of start of FY for which appointed, whichever is later. MCA Circular 14 of 3-9-13.
06/09/2013 ICAI TAX AUDIT UPDATE : ICAI clarifies that a CA can file Tax Audit Reports on behalf of his partners subject to the Overall Limit of 45 per partner. Regards, Webtel
05/09/2013 RBI Listed & Unlisted Shares of Overseas companies can be acquired under Liberalized Remittance Scheme under current FEMA provisions. RBI Circular 32 of 4-9-13.
05/09/2013 DUE DATE TODAY(5-9-13) is last day for deposit of Service Tax for Aug 2013(e-payment:6th). 7-9-13(Saturday) is the last date for deposit of TDS/TCS for Aug 2013.Webtel
04/09/2013 MCA Send suggestions/objections to stopping payments above Rs. 50,000 in MCA through physical challan at MCA.egovcomments@mca.gov.in or by post by 20-9-13. Webtel
03/09/2013 GENERAL Sec 44AB NA where assessee not involved in or has no income from business or profession. CIT, Hisar Vs Market Committee, Sirsa, HC, Punjab & Haryana. Webtel
02/09/2013 GENERAL ITD to issue letters to deductors having unmatched TDS challans, ask them to file Correction Statements & to give credit by 31-12-13. Instruction 11 of 27-8-13.
31/08/2013 COMPANIES BILL Companies Bill 2013 becomes COMPANIES ACT 2013 with the assent of Hble President of India to it on 30-8-2013. Draft Rules soon for public comments. Rgds, Webtel
30/08/2013 LLP HUF or its karta can not become designated partner in LLP as only an individual or body corporate may be partner in LLP. General Circular 13/2013 of 29-7-13.
30/08/2013 DUE DATE 31-08-13(Tomorrow) is Last Date to file AIR Return Form 61A by Banks, Cr Card Cos, Mutual Funds, Property Registrars to report High Value deals for 2012-13.
30/08/2013 DUE DATE EXTENSION of Last Date for e-filing Service Tax Return Form ST-3 for Oct 2012- Mar 2013 from 31-8-13 to 10-9-13. Order 4/2013-ST. Regards, Webtel
29/08/2013 DVAT TODAY(29-8-13) is LAST date for E-filing DVAT Returns & DVAT 48 for Q1 of 2013-14. 2C & 2D by 7-9-13. Physical by 31-8-13 & 2C & 2D by 10-9-13. Cir 10 of 6-8-13
29/08/2013 ICAI ICAI not to change Date of birth as per educational records. Get change made in PAN card. Submit necessary documents to ICAI to register as Tax Professional.
28/08/2013 INCOME TAX CAs with different name in PAN & ICAI records to submit Affidavit attested by 1st class magistrate/notary public, to register as Tax professional on IT site.
28/08/2013 DVAT Delhi VAT (Amendment) Bill 2013. No carry forward of Excess Tax Credit to next year. That of earlier years to be claimed by 31-3-14. Regards, Webtel
27/08/2013 DVAT Central Forms for 2011-12 & earlier years to be issued electronically. Dealer to fill Purchase details in Annexure 2A on website. DVAT Circular 13 of 23-8-13.
27/08/2013 DUE DATE 31-8-13(Saturday) is the Last Date for e-filing Service Tax Return Form ST-3 for Oct 2012- Mar 2013. Online version also available at www.aces.gov.in. Webtel
26/08/2013 DVAT Extention of date for Online Submission of data in DP-1 for ALL DVAT Dealers by 21 days to 16-9-13. DVAT Notification of 26-8-13. Regards, Webtel
26/08/2013 DVAT TODAY(26-8-13) is the LAST date for Online Submission of data in DP-1 for ALL DVAT Dealers. DVAT Notification of 25-7-13. Regards, Webtel
24/08/2013 DUE DATE Last date for online submission of MEF extended upto 2nd September, 2013 and receipt of duly signed declaration upto 12th September, 2013.
23/08/2013 ICAI ICAI issues Guidance Note on Report on Alternate Minimum Tax (AMT) under section 115JC of the Income-tax Act, 1961. Download from www.icai.org. Regards, Webtel
23/08/2013 DVAT Front Office Extension Counters in DVAT Dept. to receive hard copy of returns for Quarter ended 30-6-13 on 29, 30 & 31 Aug, 2013. Circular of 22-8-13. Webtel
22/08/2013 INCOME TAX Draft Safe Harbour Rules (cases where IT Dept to accept Transfer Price of assessee) posted on www.incometaxindia.gov.in for comments by 26-8-13. Rgds, Webtel
22/08/2013 CA Attn CA Firms - Last date for Online filing of Multipurpose Empanelment Form for 2013-14 on www.meficai.org is Wed, 28-8-13. Physical documents by 5-9-13.Webtel
21/08/2013 RTI Wef today (21-8-13) file RTI Application Online on www.rtionline.gov.in for ALL Central Ministries. Pay fee through internet banking or debit/credit cards.
16/08/2013 DVAT DVAT Dealers with GTO in 2012-13 upto 1 cr : EXTENSION of Last Date to submit Online TAXWISE breakup of Stock on 31-3-13 to 16-9-13. Notification of 16-8-13
16/08/2013 DUE DATE ICAI Revised Guidance Note on Transfer Pricing Report u/s 92E of I Tax Act. Applies to specified Domestic Transactions also. Last date for E-filing 30-9-13
14/08/2013 GENERAL Contents of a pen drive become admissible evidence in Income Tax proceedings & form basis for investigations & additions. Chetan Gupta Vs ACIT, ITAT Delhi.
13/08/2013 DVAT Wef 12-8-13, fill Challan on www.dvat.gov.in for physical & e-payment. Pay tax by cash/cheque in bank with same challan with unique ID. Noti of 31-7-13.
13/08/2013 GENERAL File RTI Application Online on www.rtionline.gov.in for 37 Ministries/Departments. Pay fee through Internet Banking of SBI etc or by using Debit/Credit card.
12/08/2013 DVAT Fresh TINs issued to new Dealers whose TIN issued in Apr 2013 were invalid. Pay tax now & file returns in 7 days from grant of TIN. DVAT Circular 12 of 7-8-13.
10/08/2013 INCOME TAX Revised Form 15CA & 15CB for Foreign Remittances wef 1-10-13. Rule 37BB also revised. Income Tax Notification 58/2013 of 5-8-13. Regards, Webtel
09/08/2013 COMPANIES BILL Companies Bill, 2012 passed by Rajya Sabha on 8-8-13. Already passed by Lok Sabha, Bill tol become Act on assent of H'ble President & notification for same.
09/08/2013 SERVICE TAX Clarifications regarding Service Tax Voluntary Compliance Encouragement Scheme (Amnesty Scheme). Circular 170/5/2013 – ST of 8-8-13. Regards, Webtel
08/08/2013 CBDT CBDT clarifies that Defaulters who Fail to Deposit TDS in Government Account by Due Date, shall be Liable for PROSECUTION irrespective of Period of Retention.
08/08/2013 DVAT Update Goods for Sale & Purchase in DP-1. Goods for Purchase to be treated as for Sale also if not updated. Last date 26-8-13. DVAT Circular 9 of 6-8-13.Webtel
07/08/2013 GENERAL Procedure & Criteria for Compulsory Manual Selection of Returns/Cases for Scrutiny during FY 2013-2014. Instruction 10/2013 of 5-8-13. Regards, Webtel
07/08/2013 DVAT EXTENSION Of Last date for e-filing DVAT 48 by TAN holders to 29-8-13. Hard copy to be filed by 31-8-13. DVAT Circular 10 of 6-8-13. Regards, Webtel
06/08/2013 INCOME TAX Non-residents to furnish additional data in Form 10F with Tax Residency Certificate to claim DTAA benefits. Income-tax (11th Amendment) Rules, 2013 wef 1-4-13.
06/08/2013 DVAT EXTENSION of date of E-filing DVAT Returns to 29-8-13 & Physical filing to 31-8-13 for quarter ending June 2013 excluding annexure 2C & 2D. Circ 11 of 6-8-2013
06/08/2013 GENERAL Premature Encashment of 8% Savings(Taxable) Bonds, 2003 for Senior Citizens after minimum lock in period of 3-5 years as per age. Notification of 29-7-13.Webtel
05/08/2013 DUE DATE TODAY(5-8-13) is Extended LAST DATE for filing ITRs by Salaried & Non-Audit cases where income exceeds Taxable limit. E-filing MUST for Income above 5 lacs.
05/08/2013 DVAT No audit proceedings of dealers of only tax free items even if notice issued, with approval of Zonal Joint/Addl. Commissioner. DVAT Circular of 24-7-13. Webtel
03/08/2013 DVAT DVAT Dealers with GTO in 2012-13 upto 1 cr : EXTENSION of Last Date to submit Online TAXWISE breakup of Stock on 31-3-13 to 19-8-13. Notification of 2-8-13
03/08/2013 DGFT IEC to remain valid irrespective of status as DTA unit or EOU or SEZ/ EHTP/STP/BTP unit. Necessary modification to be made in IEC. DGFT Circular of 26-7-13.
02/08/2013 DVAT Now fill Challan on www.dvat.gov.in for physical & e-¬payment from 12-8-13. Pay tax by cash/cheque in bank with same challan with unique ID. Noti of 31-7-13.
02/08/2013 GENERAL PF Transfer Claims can be submitted online through present or previous employer. Digital Signature of employees to be registered on www.epfindia.gov.in. Webtel
01/08/2013 SERVICE TAX Service Tax Return for Oct 2012- Mar 2013 to be filed by 31-8-13. Excel Utility for ST Returns available on www.aces.gov.in. Order 3/2013-ST of 23-4-13.Webtel
01/08/2013 INCOME TAX Special arrangements by Income Tax Department to accept ITRs from 1-8-13 to 5-8-13 (including Saturday & Sunday). Regards, Webtel