14 December 2012
Category:
ESIC

ESIC – Update

Authored by Nagendra K A | The Employees’ State Insurance Corporation (ESIC) has published the benefits provided to its members. Fore details, please visit http://esic.nic.in/benefits.htm


12 December 2012
Category:
FEMA / RBI

FEMA / RBI Update

Authored by: Pinaki, Manu, Vijaya and Lingamurthy | Below is the extract of the FEMA / RBI update based on A.P. (DIR Series) Circular No. 55 dated November 26, 2012: Liaison Office (LO) / Branch Office (BO) in India by Foreign Entities – Reporting to Income Tax Authorities. Attention of Authorised Dealer Category – I banks [...]


10 December 2012
Category:
Provident Fund

PF – Damages to Employers for Delay in Deposit

Authored by: Nagendra K A | Delay in deposit of P F dues by employers will attract penal damages. Damages are levied at the following FLAT RATES: For 0 — 2 months delay – @ 5 % p.a. For 2 — 4 months delay – @10 % p.a. For 4 — 6 months delay – [...]


10 December 2012
Category:
Provident Fund

PF – Member Portal Launch

Authored by: Nagendra K A | Member Portal Launch PF department issued an press release on Launch of Member Portal where members can use online facilities provided by PF department. The following is the extract: The members shall be able to download their e-pass book each month, if they are active members and ECR is [...]


5 December 2012
Category:
VAT

e-Payment of VAT – FAQs

Authored by: Chandrasekhar G. | e-Payment is a facility provided to the taxpayers to make Commercial Taxes payments through internet, using net-banking facility. Below are the Frequently Asked Questions (FAQs) related to e-Payment of Value Added Taxes (VAT). 1. What is e-Payment ? e-Payment is a facility provided to the taxpayers to make Commercial Taxes [...]


4 December 2012
Category:
Income Tax

Do you have any grievance relating to Income Tax?

Authored by: Nagendra K A | If you have any grievance relating to Income Tax, then meet the Income Tax Ombudsman at 4th Floor, ‘A’ Wing, Kendriya Sadan, Koramangala, Bangalore – 560 034.  Contact Number: 080-2553 8389; Fax : 080-2553 8390 You, or your authorized representative, can bring your Income-tax related complaints to the Taxpayer-friendly Income-tax Ombudsman, for redressal.  [...]


3 December 2012
Category:
Company Law

Procedure for Appointment of Statutory Auditors

Authored by: Madhusudhana D H | A series of simple steps should be followed while appointing statutory auditors. An Auditor is normally reappointed at the A.G.M. Therefore, the Company should obtain a written certificate from the Auditor that the re-appointment, if made, will be in accordance with the limits specified in Section 224(1B). The Company [...]