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Taxclick Team, Author at All About Finance - Page 72 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.

ICAI elected CA. Manoj Fadnis as the President and CA. M. Devaraja Reddy as the Vice-President for year 2015-16

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Press Release ICAI elects New Torch Bearers for the year 2015-16 The Institute of Chartered Accountants of India (ICAI) is a statutory body established by the Chartered Accountants Act, 1949 for the regulation of the profession of Chartered Accountants in India. The affairs of the ICAI are managed by a Council in accordance with the … Read more

Format of resolution of the approval of financial statement and the board’s report

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On letter head of the company CERTIFIED TRUE COPY OF THE RESOLUTION PASSED AT THE MEETING OF BOARD OF DIRECTORS OF THE COMPANY HELD ——- AT ITS REGISTERED OFFICE AT 4 00 P.M  01-   ADOPTION OF FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR 2013-14. The Chairman placed before the meeting the Audited Financial Statements, Auditors Report … Read more

Direct Tax Collection During April-January of the Financial Year 2014-15 is up by 11.38 Percent

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Gross Direct Tax Collection During April-January of the Financial Year 2014-15 is up by 11.38 Percent at Rs. 5,78,715 Crore as Against Rs. 5,19,588 Crore During the Same Period Last Year  Gross direct tax collection during April-January of the Financial Year 2014-15 is up by 11.38 percent at Rs. 5,78,715 crore as against Rs. 5,19,588 … Read more

Income tax department shifted its focus from civil consequences to criminal consequences

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Government of India Department of Revenue North Block, New Delhi   Dated: 12th February, 2015 Sub:- Press Release on the shift in the focus of the department from civil consequences to criminal consequences in serious cases of tax evasion.    During 2014-15 (upto Dec, 2014) the ITD has conducted searches in 414 groups and seized … Read more

Central Excise Duties and Service Tax Drawback (Amendment) Rules, 2015 is notified

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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)   Notification No.  20 / 2015- Customs (N.T)   New Delhi, the 10th February, 2015   G.S.R. 81 (E). – In exercise of the powers conferred by section 75 of the Customs Act, 1962 (52 … Read more

Income tax department initiates investigation of entry operators who convert illegal cash into legitimate money

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Income Tax Department Initiates Investigation into Issuance of Cheques by Companies Which are Acting as Entry Operators to Convert Illegal Cash into Legitimate Money  Income Tax Department, Ministry of Finance, Government of India had initiated investigation into issuance of cheques by companies which are acting as entry operators to convert illegal cash into legitimate money. … Read more

Export of Shark fins of all species of Shark has been prohibited

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(To be published in the Gazette of India Extraordinary Part-II, Section – 3, Sub-Section (ii))   Notification No 110 (RE – 2013)/2009-2014 New Delhi, Dated: 6 February, 2015   Fish and Crustaceans, Molluscs and other Aquatic Invertebrates Tariff Item HS Code Item Description Nature of Restriction 03057100 Shark fins  of  all species of shark Not permitted … Read more

No interest under section 234A of the Act is chargeable on the amount of self-assessment tax paid by the assessee before the due date of filing of return of income

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Circular 2/2015 F. No. 385/ 03 /2015-IT(B) Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes (CBDT) North Block, New Delhi 10th February, 2015 Subject: Chargeability of Interest under Section 234A of the Income—tax Act, 1961 on self-assessment tax paid before the due date of filing of return of income- … Read more

New format for e-IEC certificate is published by DGFT

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To be published in the Gazette of India Extraordinary Government of India Department of Commerce  Udyog Bhawan, New Delhi -110 011  New Delhi, dated the 10th February, 2015 Subject: New format for e-IEC- introduction of Appendix 18B -1 (Format of e-IEC) in Handbook of Procedure Vol. I (Appendices and Aayat Niryat Forms), 2009-2014. In exercise … Read more

Import of Shark fins is Prohibited

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  Notification No. 111/(RE-2013)/2009-2014       Exim Code Item Description Existing Policy Revised Policy Shark fins Prohibited     [Issued from File No.01/89/180/118/AM-02/PC-2 (A)]