Extension of Due Date for Filing Annual Return of Company to 30.12.2015 The Ministry of Corporate Affairs (MCA) extended the due date for filing annual returns and financial statements for the financial year ended March 31, 2015, to December 30, 2015. This relaxation was issued through General Circular No. 15/2015, dated November 30, 2015, in […]
Need Swachh Bharat Cess (SBC) In India ? In today’s scenario, all are discussing about Swachh Bharat Mission which was launched by Prime minister, Narendra Modi with the aim to improve the sanitation in rural and urbn areas so that the overll quality of life improves. Since its launch govt. has made substantial expenditure on […]
Section 2(76) of the Companies Act, 2013 – Related Party Section 2(76) of the Companies Act, 2013, read with Rule 3 of the Companies (Specification of definitions details) Rules, 2014, defines the term Related Party. The provisions with respect to Related Party Transactions is covered under Section 188 of the Companies Act, 2013. ‘Related party’ […]
Govt may bring down Corporate Tax from 30% to 25% Press Information Bureau Government of India Ministry of Finance 20-November-2015 Government Calls for Comments on Proposed Plan of Phasing-Out Exemptions and Deductions under the Income-Tax Act in Order to Bring Down Rate of Corporate Tax from 30% to 25% The Union Finance Minister Shri Arun […]
Service Tax on Education Sector Education sector is one of the most important sectors in our country. Service tax has become an important source of revenue collection for Indian Government. Since all the services are taxable w.e.f. 01.07.2012 except services covered under Negative List; therefore, education sector being service sector in nature is also covered […]