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RBI cuts policy rates by 25 basis points

Statement by Dr. Raghuram G Rajan, Governor on Monetary Policy- Date: 15 Jan 2015 Since July 2014, inflationary pressures (measured by changes in the consumer price index) have been easing. The path of inflation, while below the expected trajectory, has been consistent with the assessment of the bal...

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Fees & Penalty for late / Non filing of TDS Return

No filing or Late filing of TDS returns or TDS statement shall invite two penal consequence, one Fee for late filing of TDS Return U/s 234E and second Penalty for late filing or Non filing of TDS statement U/s 271H. Fee U/s 234E for late filing of TDS Statement: If you filed late income tax retu...

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Delhi VAT – Due date extended for filling online return in Form 9 for year 2013-14

In exercise of the powers conferred under Rule 49A of the Delhi Value Added Tax Rules 2005 read with section 9(2) of Central Sales Tax Act, 1956. The Commissioner, Value Added Tax, extended the last date of filling of online return in Form 9 for the year 2013-14, prescribed under Rule 4 of Central S...

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Removal of Auditor under Company Act, 2013!

The Ministry has taken a big step by notifying 183 major sections of Companies Act, 2013 w.e.f. 01.04.2014 out of which the provisions relating to Audit & Auditors is of utmost importance for all the Chartered professionals out there. This article contains the provision relating to Removal of Au...

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