I am herewith presenting some of my personal views to be discussed with regarding the proposed Company Law. I. COMPANY LAW The Proposed Company Law has to consider the following issues: FACE VALUE OF SHARES: There should be uniformity face value of forms @ Rs.10/- each and should not have any other face values so […]
Read MoreDescription: Salaried persons with less than Rs. 5 lakh taxable income need not file return Source: 1. www.tpcc.in 2. The Tax Referencer .Volume120. Issue No.9, 29 August 2011, Page No.10. Our Comment: Some of the Employees up to Rs. 5 lakhs income earning employees need not file Returns of Income subject some conditions.
Read More
Every person who pays the Salaries, , Commission, Interest, Rent, Fees for Professional Services, NRI, Foreign Nationals, Foreign Institutions etc. has to deduct the specified percentage of amount from the amounts to be paid towards TDS as tax component and pay the balance to the tax payer. The amount so deducted has to be deposited […]
Read MoreAll the tax payers has to file their income tax returns before 31st July,2011 (Except those who are covered under Tax Audit i.e., whose Turnover is more than Rs.60.00 Lacs / Professional receipts exceed Rs.15.00 Lacs the due date is 30th September,2011). The y has to file the following Formats of Returns depending upon their […]
Read More