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Taxclick Team, Author at All About Finance - Page 79 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.

Examples of residential status as per income tax act

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In last article we have studied the concept of residential status. Let’s now solve some problems for clarification of concepts. Problem No.1 Mr. Amar, Indian citizen left India first time on November 25, 2011 for meting his relatives outside India. During the calendar year 2012 he did not visit India. He finally came to India … Read more

Amendment in the Companies (Corporate Social Responsibility Policy) Rules, 2014

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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 CORPORATE AFFAIRS NOTIFICATION New Delhi, the  Iv 19th  January, 2015 G.S.R.  .(E) .— In exercise of the powers conferred under section 135 and sub-sections (1) and (2) of section 469 of the Companies Act, 2013 … Read more

Open tender for hiring of internal auditors for Mangalore Refinery and Petrochemicals Limited (MRPL)

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MRPL/TENDERS/3300002743                                               DATE: 15.01.2015 TO Dear Sirs, SUBJECT: Hiring of internal Auditors for MRPL as per tender. A. MRPL, invites sealed tenders for the above jobs as follows: The Tender documents are available for sale as per the schedule/details. The interested parties are requested to submit the Tender fee through DD (non-refundable as indicated below). Sale … Read more

Form AOC-5 is notified for giving full address of books of accounts if kept at other place other than register office

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As per section 128 (1), every company shall prepare and keep at its register office all the books of accounts and other relevant documents along with financial statement. If the Board of Directors decides by passing the resolution to keep all or any of the books of account at any other place in India other … Read more

How to determine the residential status of individual under Income Tax Act 1961?

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Levy of Income Tax of an assessee depends on his residential status as per Indian Income-tax Act, 1961. In the case of Indian citizen, whether an income earn by a person outside India, is taxable in India depends upon the residential status of the person in India. Similarly, whether an income earned by a foreign … Read more

Any person, resident in India may take outside India or may bring into India, the currency notes of Government of India up to Rs.25, 000

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F.  No 520/23/2013- Cus. VI Government of India  Department of Revenue  *****           Subject : Export and Import of Currency –reg Attention is invited to Regulation (3) of Foreign Exchange Management (Export and Import of Currency) (Amendment) Regulations, 2009, notified vide Notification No.FEMA.258/2013-RB dated February 15, 2013 and A.P. (DIR Series) … Read more

GSM mobile handsets with duplicate or fake IMEI & CDMA mobile handsets with duplicate or fake ESN/MEID are added to the list of Prohibited items for import

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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, New Delhi   Subject: Amendment in import policy conditions under ITC (HS) 4 digit code 8517. S.O. (E): In exercise of powers conferred by Section 3 of … Read more

Export documentation is now simplified – Commercial invoice and packing list is merged together

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Circular No. 01/15-Customs   F. No. 450/25/2013-Cus IV (Pt.) Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs *** New Delhi, dated 12.01.2015 To All Chief Commissioners of Customs / Customs (Preventive) All Chief Commissioners of Customs and Central Excise All Commissioners of Customs / Customs (Preventive) All Commissioners … Read more

Ministry of Finance Invites Suggestions from Public at Large for Union Budget 2015-16

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In order to infuse more transparency into Budget making exercise and to have people as partners to the process of budget making, the Ministry of Finance, Government of India has decided to invite suggestions from public at large for Union Budget 2015-16.  Those desirous of sending suggestions for Budget 2015-16, may send their Budget suggestions … Read more