Format of board resolution for the change in name of the company

———————— PRIVATE LIMITED (CIN: —————————————-) Registered Office: – ——————————————————————————– Tel: —————– E-mail:———————– CERTIFIED TRUE COPY OF THE RESOLUTION PASSED BY THE BOARD OF DIRECTORS OF ———————— PRIVATE LIMITED HELD ON —–DAY THE ——- AT THE REGISTERED OFFICE OF THE COMPANY AT ——–   01. TO CONSIDER THE APPLICATION FOR CHANGE OF NAME Chairman informed board … Read more

Monetary Limits for filing Income Tax appeals before Appellate Tribunal, High Court and Supreme Court is revised

The Central Board of Direct Taxes has revised the monetary limits of filing the appeals before   appellate tribunal, high court and Supreme Court. Henceforth, appeals shall not be filed in cases where the “tax effect” does not exceed the monetary limits given hereunder… Sr. No. Appellate Authority Monetary Limit (Rs.) 1 Appellate Tribunal 4 Lakh … Read more

Amendments in Maharashtra Value Added Tax 2002 in additional budget 2014-2015

Amendments in Maharashtra Value Added Tax 2002 in additional budget 2014-2015 Maharashtra Tax Laws Act (Levy short title and amendment and validation) Act 2014 is published in the official gazettes as on 26th June 2014. The following are important amendments in Maharashtra Value Added Tax 2002 1.    Every dealer is required to get register compulsory … Read more

RBI extended the date to 1st January 2015 for exchanging the pre-2005 issued currency notes

                RBI has issued the press released as on 3rd March 2014 and extended the date of exchanging the currency note to 1st January 2015. It is also informed that majority of notes which was issued prior to 2005 are already been withdrawn through banks and only a limited number of notes remain with the … Read more

Highlights of the Maharashtra State Interim Budget 2014

(Kindly refer the following link for highlights of Maharashtra State additional budget 2014-15. https://taxclick.org/type/mvat-cst/maharashtra-state-additional-budget-2014-2015—highlights-of-tax-proposals) The deputy chief minister (Finance), Ajit Pawar presented the Maharashtra State Interim budget speech, today, on 25Th February 2014. There is neither new tax proposal nor revision in existing tax laws. However, commodities of daily use such as food grains, pulses, … Read more

Chartered Accountant can do 60 Tax audits in financial year 2014 -15 and onwards

In view of the enhancement of professional competence of members to perform quality services in an IT-enabled environment, the Council of the Institute at its 331st meeting held from 10th to 12th February, 2014 has decided to increase the “specified number of tax audit assignments” for practicing Chartered Accountants, as an individual or as a … Read more

New form for PAN card application procedure and documents requirements for Individual who is NOT citizen of India

New PAN card application form and documents required for PAN application is notified by Central Board of Direct Taxes as on 23rd December 2013. Any one of following listed documents is acceptable as proof of identity for PAN applications for Individual who is NOT citizen of India:- 1.       Copy of Passport; 2.      Copy of person … Read more

New PAN card application Form and documents required for Individual who is citizen of India

New PAN card application form and documents required for PAN application is notified by Central Board of Direct Taxes as on 23rd December 2013. Now for new PAN application proof of Identity, proof of address and proof of date of birth is required. Any one of following listed documents is acceptable as proof of identity … Read more