Updates & Seminars, Medicine for blood cancer(free)
Nitesh More
'IMITINEF MERCILET' is a MEDICINE which CURES Blood cancer.
Yashoda Hematology clinic. 109, Mangalmurti complex, Hirabag Chowk,
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020-24484214 or 09590908080 or 09545027772 or visit www.practo.com for appointment.
1) a) Co Act:Problems & Solutions by CA N More & Ind AS by CA Krishanu Bhattacharya on 26th Aug @ EIRC, ICAI.3cpe@Rs 80. For registration log on to www.eirc-icai.org or contact: 7 Russell St
b) Register for EIRC Regional conference on 21& 22nd August.Speakers All over India,Also session by Dr Sneh Desai & program on Chakrahvyu Ydha by nitish bhardwaj,1600 plus delegates
c) Hotel Park,6 CPE@Rs 500/600
Register for "ACAE 6CPE Real Estate Conclave" on 5 Sep@ Hotel Park,ACAE Members:Rs 500, Others: 600 only. Speakers from All over India. Call 22107724
3) Exemption U/S. 10(23C)(VI) can be Claimed without having Registration U/S. 12A. CBDT Circular No. 14/2015 dated 17th August 2015.
4) CESTAT has power to extend Stay beyond 365 days where delay in disposal of appeal is not attributable to the assessee. Delhi High Court : CCE Vs. Brew Force Machine Pvt. Ltd.
5) National Fertilizers Limited invites applications from CA/ CMA for the post of Chief Manager (5 posts). Last date is 7th September 2014. Age limit 45 yr.
6) Vacancy for CA in HDFC bank for the post of Credit Manager- Punjab, Haryana & Rajasthan location. contact:- Raghav Mahajan (7307211397)/ email: Raghav....@hdfcbank.com
Updates: CA N More
1) http://blogs.economictimes.indiatimes.com/et-commentary/vijay-mallya-diageo-row-why-the-auditor-community-needs-a-greater-fear-of-repercussions-for-conducting-poor-quality-audits/
The observations about auditors are worth reading.2) http://m.thehindubusinessline.com/news/lok-sabha-passes-finance-bill-2015/article7158870.ece/
Lok sabha passes Finance Bill 2015.3) Last date for uploading data for WBVAT, CST, E.Tax Returns for Q.E. 31.03.2015 extended to 15.05.2015; hard copy thereof to be submitted by 22.05.2015.
4) Last date for filing Profession Tax Return extended to 31.05.2015 for electronic submission and 15.06.2015 for submission of hard copy.
5) PT return for 2014-15 is to be submitted through New PT_Return module, which is already available in the website.
6) New Eform 29 (for faster incorporation), Modified version of form INC 7 & INC 22 will be available on MCA site from today.
7) Lok Sabha passes Finance Bill 2015
New Delhi, Apr. 30 (ANI): The Lok Sabha passed the Finance Bill 2015, which includes various tax proposals presented in the Union Budget, by a voice vote on Thursday.
The Finance Bill, being a money Bill, does not require to be passed by the Rajya Sabha.
Addressing members of the House, Union Finance Minister Arun Jaitley announced that his ministry will come out with a simplified Income Tax Return Form shortly, adding that certain schemes, including the Pradhan Mantri Jan Dhan Yojana and Atal Pension Yojana will not attract any service tax.
Stating that India's economy is being seen as a 'bright spot' across the world, Jaitley said that various nations are competing to invest in the country. He also said that the Indian economy is expected grow at eight per cent and if states can compete with each other, the overall growth rate may go up.
Jaitley further announced that capital gains made by foreign investors will be exempted from Minimum Alternate Tax (MAT) if the normal tax rate on such income is lower than 18.5 percent. However, he did not provide relief for past liabilities.
With the passage of the Finance Bill in the Lok Sabha, all financial business in the House has reportedly been completed.The Lok Sabha is scheduled to sit until May 8. (ANI)8) Service Tax rates will be up from 12.36% effective once the President gives assent to the Bill in future & notified also. CA N More
On Apr 29, 2015 1:37 PM, "Nitesh More" <moreas...@gmail.com> wrote:Penalty upto 25000/day if person is director in more than 20 Co(Pvt or Public):CA Nitesh More1) From 1/4/14, no person can hold more than 20 directorship, penalty upto 25000/day.
2) If a person already holds more than 20 directorship as on 1/4/14, he have been given 1 year time to comply.
3) Directorship in pvt Ltd co is also to be counted.
Relevant Provision:
Sec 165. (1) No person, after the commencement of this Act, shall hold office as a director, including any alternate directorship, in more than twenty companies at the same time:
Provided that the maximum number of public companies in which a person can be appointed as a director shall not exceed ten.
Explanation.— For reckoning the limit of public companies in which a person can be appointed as director, directorship in private companies that are either holding or subsidiary company of a public company shall be included.
(2) Subject to the provisions of sub-section (1), the members of a company may, by special resolution, specify any lesser number of companies in which a director of the company may act as directors.
(3) Any person holding office as director in companies more than the limits as specified in sub-section (1), immediately before the commencement of this Act shall, within a period of one year from such commencement,—
(a) choose not more than the specified limit of those companies, as companies in which he wishes to continue to hold the office of director;
(b) resign his office as director in the other remaining companies; and
(c) intimate the choice made by him under clause (a), to each of the companies in which he was holding the office of director before such commencement and to the Registrar having jurisdiction in respect of each such company.
(4) Any resignation made in pursuance of clause (b) of sub-section (3) shall become effective immediately on the despatch thereof to the company concerned.
(5) No such person shall act as director in more than the specified number of companies,—
(a) after despatching the resignation of his office as director or non-executive director thereof, in pursuance of clause (b) of sub-section (3); or
(b) after the expiry of one year from the commencement of this Act, whichever is earlier.
(6) If a person accepts an appointment as a director in contravention of sub-section (1), he shall be punishable with fine which shall not be less than five thousand rupees but which may extend to twenty-five thousand rupees for every day after the first during which the contravention continues.
Warm Regards
"Team" CA.Nitesh More
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