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Taxclick Team, Author at All About Finance - Page 62 of 97

Taxclick TeamTaxclick Team

This is the team of the finance profession who, update the site on daily basis. The team is also responsible for giving the update as earliest and also give the timely reply to the quires asked by the visitors. The team can be reached at info@taxclick.org.

The managerial person may continue to receive remuneration as per relevant provisions of Schedule XIII of of the Companies Act, 1956

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General Circular No. 07/2015 F. No. 1/5/2013-CL-V Government of India Ministry of Corporate Affairs 5th Floor, A Wing, Shastri Bhavan, Dr R.P. Road, New Delhi Dated: 10th April, 2015 To  All Regional Directors, All Registrars of Companies,  All Stakeholders. Subject: Remuneration to managerial person under Schedule XIII of the Companies Act, 1956 – Clarification with … Read more

The present rate of Service tax i.e. 12.36% will remain continue till notification

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Circular No. 183 / 02 / 2015-ST  F. No. B-1 /1/2015-TRU Government of India Ministry of Finance Department of Revenue (Tax Research Unit) *** Room No. 153, North Block, New Delhi. Dated 10th April, 2015. To   Chief Commissioner of Customs and Central Excise(All) Chief Commissioner of Central Excise & Service Tax (All) Director General of Service … Read more

Transport allowance exemption limit is increase to Rs. 1600 from Rs. 800, Income tax rule is amended accordingly

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[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART–II, SECTION 3,  SUB?SECTION (ii)]  Government of India  Ministry of Finance  New Delhi, the 13th April, 2015  (Income?tax) S.O. 1002 (E). – In exercise of the powers conferred by section 295, read with clause (14) of section 10 of the Income?tax Act, 1961 (43 of 1961), … Read more

Salient features of the Senior Citizens Savings Scheme, 2004

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1. What are the salient features of the Senior Citizens Savings Scheme, 2004? The salient features of the Senior Citizens Savings Scheme, 2004 are given below. Tenure of the deposit account 5 years, which can be extended by 3 years. Rate of interest 9.3 per cent per annum Frequency of computing interest Quarterly Taxability Interest is fully … Read more

Micro, Small and Medium Enterprises – FAQ – RBI

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Updated as on March 16, 2015 Q.1. What is the definition of MSME? A.1. The Government of India has enacted the Micro, Small and Medium Enterprises Development (MSMED) Act, 2006 in terms of which the definition of micro, small and medium enterprises is as under: (a) Enterprises engaged in the manufacture or production, processing or … Read more

The capital gains will arise at the time of redemption of the units and not at the time of roll over

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Circular No. 6 of 2015 F. No. 133/39/2014-TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes (TPL Division) 4.      In the case of mutual funds, the unit of a mutual fund constitutes a capital asset and any sale, exchange or relinquishment of such unit is a ‘transfer’ under clause … Read more

Implementation of Service Export from India Scheme (SEIS) under FTP 2015-2020

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[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)]  GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE)  New Delhi, the 9th April, 2015  Notification No. 26/2015-Customs                G.S.R.     .- In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), … Read more

Implementation of Merchandise Export from India Scheme (MEIS) under FTP 2015-2020

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[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II SECTION 3, SUB-SECTION (i)] GOVERNMENT OF INDIAMINISTRY OF FINANCE(DEPARTMENT OF REVENUE) Notification No.  24 / 2015 – Customs New Delhi, the  8th  April, 2015. G.S.R. 269 (E).– In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of … Read more

Minimum Export Price of onions reduced to $ 250 per MT from $ 300 per MT

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(To be Published in the Gazette of India Extraordinary Part-II, Section – 3, Sub-Section ii)  Government of India Ministry of Commerce & Industry Department of Commerce Udyog Bhawan   Subject:- Export Policy of Onions- reduction in Minimum Export Price (MEP). S.O. (E) In exercise of powers conferred by Section 5 of the Foreign Trade (Development … Read more

Details of Action taken on members by ICAI, in Satyam case

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As part of ICAI’s continuous drive to uphold the credibility, integrity and image of the accountancy profession in India, the regulatory mechanism of the Institute of Chartered Accountants of India (ICAI) is working assiduously. ICAI has been taking disciplinary action against its errant members as per the provisions of the Chartered Accountants (Amendment) Act, 2006 … Read more