This Article has been posted by CA PRASHANT DOSHI. He can be reached at below mention email id:
prashantdoshi22@gmail.c...
Second Quarter Review of Monetary Policy 2012-13
"First of all, on behalf of the Reserve Bank, I want to welcome you all to this Second Quarter Review of Monetary Policy for 2012-13.
2. A short while ago, we put out the Second Quarter Review. Based on an assessment of the current macroeconomic situation, we have decided to:
Cut the cash reserve...
RBI Cuts CRR by 25 bps to 4.25%
Maintenance of Cash Reserve Ratio
RBI/2012-13/269Ref: DBOD.No.Ret.BC.52/12.01.001/2012-13
October 30, 2012
All Scheduled Commercial Banks(Excluding Regional Rural Banks)
Dear Sir,
Section 42(1) of the Reserve Bank of India Act, 1934 - Maintenance of Cash Reserve Ratio (CRR)
Please refer to our Circular...
Circular 715 Section 194C-Dated 08-08-1995
*Readers are requested to ignore the limit and percentage of deduction as this circular is dated 08-08-1995......However this circular will clear many of your doubts.
Payments to munshis in bidi industry - In the bidi manufacturing
industry, the provisions of section 194C would apply in respect...
SERVICE TAX RETURN
Service
Tax returns for first six months ,i.e. April to September is to filled till 25th
October of the year after which penalty is attracted which may go upto Rs.20,000 (Twenty Thousand Rupees).
With
change in Service Tax regime w.e.f. 1st July this year by
introduction of negative list...
Extension of date for filing XBRL
General Circular No. 34/2012, Dated 25.10.2012
Filing of Balance...
Procedure to Incorporate Private Limited Company
To register a company, you need to first apply for a Director Identification
Number (DIN) which can be done by filing eForm for acquiring the DIN. You would
then need to acquire your Digital Certificate and register the same on the
portal. Thereafter, you need to get the...
ANNOUNCEMENT
Sub: Peak Filing Preparation 2012 - MCA 21
As you are aware it is time of peak filing of Balance Sheet & Annual Return under the Companies Act, 1956.
In order to ensure smooth filing and to avoid last minute rush, the Ministry of Corporate Affairs vide its General Circular No.30/2012...
TAXABILTY OF CAR AS PERQUISITE-IF PROVIDED BY EMPLOYER
Perquisite is a part of gross salary of an individual provided by his employer in addition to the basic salary. It is the benefit in addition to the basic salary to which the employee has a right by virtue of his employment. One of the perquisites provided by the employer is motor car facilities....
SAHARA CASE-MUST READ!!!!!
The Hon'ble Supreme Court of India ("SC") in its recent judgment ("Sahara Judgment") has directed Sahara India Real Estate Corporation Limited ("SIRECL") and Sahara Housing Investment Corporation Limited ("SHICL") (both collectively referred to as the "Appellants") to refund to SEBI the ~USD...
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