RATE OF TAX ON MOTOR VEHECLES UNDER MAHARASHTRA TAX ON ENTRY OF MOTOR VEHECLES
SR. NO. RATE OF TAX ON THE ENTRY OF TRACTORS AGRICULTURAL USE,INTO LOACL 4% ON THE ENTRY OF MOTOR SPECIFICALLY DESIGNED FOR AGRICULTURAL USE,INTO LOACL AREAS.
Taxclick Team
There is no change in the rate of Service Tax w.e.f. 1st April 2015
CAI/IDTC/GST/2015 1st April, 2015 Clarification- No change in rate of Service Tax Finance bill, 2015 has proposed to increase effective rate of Service Tax from 12.36% to 14%. It is wrongly reported in some quarters that the effective date of change in rate of Service Tax is 1st April, 2015. It is hereby clarified that … Read more
PM will launch MUDRA Bank on 8th April, 2015 in New Delhi
New Delhi, March 25, 2015 Chaitra 4, 1937 Prime Minister of India Shri Narendra Modi will launch MUDRA (Micro Units Development and Refinance Agency) Bank on 8th April, 2015 at 9.15 AM at Vigyan Bhawan, New Delhi in the presence of Hon’ble Finance Minister Shri Arun Jaitley. The Union Finance Minister in his Budget Speech … Read more
Special Clearing operations on March 30 and 31, 2015
RBI/2014-15/517 DPSS.CO.CHD.No./1776/03.01.02/2014-2015 The Chairman and Managing Director / Chief Executive Officer All Scheduled Commercial Banks including Regional Rural Banks/ Urban Co-operative Banks / State Co-operative Banks / District Central Co-operative Banks/Local Area Banks Madam / Dear Sir, Special Clearing operations on March 30 and 31, 2015 A reference is invited to the circular issued … Read more
Clarification regarding Explanation 5 to clause (i) of sub-section (1) of section 9 of Income-tax Act, 1961
CIRCULAR No. 4 /2015 Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North Block, New Delhi Dated 26th March, 2015 Subject: Clarification regarding Explanation 5 to clause (i) of sub-section (1) of section 9 of Income-tax Act, 1961 (`Act’) – regarding Section 9 of the Income-tax Act provides for … Read more
RTGS, NEFT and government business counters of banks will remain operational on 30th and 31st March 2015
Annual Closing of Government Accounts — Transactions of Central / State Governments — Special Measures for the Current Financial Year (2014-15) With a view to providing greater convenience to tax payers, it has been decided that all designated branches of agency banks and Reserve Bank Offices conducting government business will keep their counters open for … Read more
Revised guidelines for training of article assistants outside India
The matter regarding revision in the Guidelines of Articleship Training abroad was considered at the 340th meeting of Council held from February 10-12, 2015 wherein the Council agreed with the recommendation of Executive Committee regarding the revision of the existing Guidelines for Articleship Training abroad and agreed to the addition of proviso to the existing … Read more
Empanelment of Chartered Accountants for the assignment of “Checkers” for CA examinations to be held in May, 2015
Checking of totaling of marks etc in the answer books of CA examinations, after they have been evaluated by the examiners, is being assigned/carried out by members of the Institute, who are empanelled for the purpose. Accordingly, application are herby invited from members ( up to 15 years experience) to act as “Checkers” for checking … Read more
The salient features of the Undisclosed Foreign Income and Assets (Imposition of Tax) Bill, 2015
PRESS RELEASE The Finance Minister, in his budget speech, while acknowledging the limitations under the existing law, had conveyed the considered decision of the Government to enact a comprehensive new law on black money to specifically deal with black money stashed away abroad. He also promised to introduce the new … Read more
ICAI recommended minimum scale of fees for the professional assignments done by the chartered accountants – 2014
The Committee for Capacity Building of CA Firms and Small & Medium Practitioners of ICAI as a part of its commitment to strengthen the Small & Medium Practitioners has initiated the Revised Minimum Recommended Scale of Fees for the professional assignments done by members of ICAI. The recommendation is about the fee to be charged … Read more