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Migrate to GST note to all Central Excise and Service Tax Registered Assessees

Migrate to GST note to all Central Excise and Service Tax Registered Assessees: Benefits to Economy: To create a unified common national market To give a boost to foreign investment and 'Make in India' initiative Increased economic activity to generate more employment Advantage for Trade & Industry:  Reduction in compliance costs - multiple records not required to be maintained for a variety of taxes Greater use of IT will reduce human interface between taxpayer and administration Seamless transfer of input tax credit Simplified…
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NOTICE FOR DEFAULT UNDER SECTION 92 AND 96 READ WITH SECTION 403 OF THE COMPANIES ACT, 2013

MCA has started issuing notice to companies which have failed to file annual return with ROC. There are lakhs together companies which got registered but failed to submit annual return and return of meeting held in the form of MGT 7. NOTICE FOR DEFAULT UNDER SECTION 92 AND 96 READ WITH SECTION 403 OF THE COMPANIES ACT, 2013  GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS OFFICE OF REGISTRAR OF COMPANIES, ROC - BANGALORE E Wing 2nd Floor Kendriya Sadana Kormangala Banglore-560034 NOTICE FOR DEFAULT UNDER SECTION 92 AND 96 READ WITH SECTION…
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The Union Budget had proposed a ₹3 lakh cap from April 1, 2017

The ₹3 lakh ceiling on cash transactions from April 1, 2017,Proposed in the Union  budget 2017-18, has been revised to ₹2 Lakh, with the government introducing an amendment to this effect in the Finance Bill cleared by the Lok Sabha on Tuesday. The tightening of the cap on cash transactions was one of 40 Amendments to the Finance Bill proposed by the Center. “In the official amendments to the Finance bill, the Government has proposed that the limit of ₹3 lakh for cash transactions, beyond which it is illegal, be reduced to ₹2 lakh. The…
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Karnataka is fully covered by ESI network Enroll before 31st of March 2017

Most of the time employer used to take an exclusion stating the reason we don't have ESI network of hospital in our District but now it cannot be claimed as Karnataka state has covered the ESI network through out  Karnataka. Even the coverage salary range is increased from 15000 per month to 21000 per month which will increase the limit applicable for ESI coverage. EMPLOYEES’ STATE INSURANCE CORPORATION: NEW INITIATIVES ESI Act applies to entire State of Karnataka. All Factories / Shops/ Establishments/ Medical Institutions/ Educational/Institutions/…
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Server Error in ESICInsurance1 Application fix for the problem

Server Error in ESICInsurance1 Application fix for the problem: Most of us would have faced this error issue with ESIC login portal while trying in Google chrome or Internet explorer? How to fix this??: This is to inform you that ESIC application is better supported by Firefox browser, You are requested to use Mozilla Firefox Browser as it is much compatible with application. Please uncheck the option “Pop Up blocker” in your browser. Please go through the tools->option->content->then uncheck Pop-Up blocker-> click…
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Cash transactions 2016 : email and Mobile alert from Income tax department?

Income tax e-filing portal has introduced new tab in the e-filing login with a special tab Cash transactions 2016 as given in the screenshot. It will blink and if you click on Cash transactions 2016 it will give details of cash deposits during demonetization window. i.e. after ban of old 500 and Rs.1000 notes . If the department records as per income tax return filed didn't  match with cash deposits automatic emails will get generated.  This is part of operation clean money and one has option to pay tax by declaring the income and pay taxes. If…
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Format for ID and address proof of Gazetted Certificate for pan purpose

Most of us have issue with changing or applying for new pan using existing address and DOB proof. Name given in ID proof and address proof should be same and should be expanded. If the name is in Initial in proof either in ID proof or Address proof , it will not be accepted as proof. So even if you apply online and submit such documents PAN will not be issued. And you will be asked to get some proof where name should be expanded. In such case letter from Gazetted officer on their letterhead with seal and sign stating name, full address and DOB…
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Operation Clean Money- Income tax notice received on Cash Transactions 2016 ?

Operation Clean Money:  Income tax department has started sending notices based on the cash deposit made to their account post demonetization which doesn't match with the tax return filed to seek explanation on the source of income. If the explanation is not satisfactory you may be called for explanation. If you get notice Income Tax Department (ITD) has initiated Operation Clean Money, today. Initial phase of the operation involves e-verification of large cash deposits made during 9th November to 30th December 2016. Data analytics has…
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Persons holding an Indian citizenship to pay tax on their worldwide Income

All persons holding an Indian citizenship to pay tax on their worldwide Income: The Government of India will introduce a new policy, effective from 31 March 2017 that will force ALL persons holding an Indian citizenship to pay TAX on their WORLDWIDE Income. This means that if you are holding an Indian passport, regardless of where you reside in the world, and even if you have not traveled to India for a long period of time, you will be forced to declare your worldwide income to the Indian Tax Authorities, which worldwide income will be subject…