Gratuity – Legal Provisions and Taxation

Job-hopping can increase your pay, but good old loyalty also has its perks. Stay on with your employer for five years or more, and you are entitled to gratuity when you resign, retire or are retrenched. Going by the book:- Gratuity is a reward for long and meritorious service.In 1972 the government passed the Payment … Read more

New features of e-form ADT-1 related to Auditors Appointment

New e-Form ADT-1New features/ Options of e-form ADT-1 introduced by Ministry today (20.10.2014) itselfProvide whether company is falling under any class of Companies as per Section 139(2).Whether Joint Auditors have been appointed – Provide Whether joint auditors have been appointed. If yes is selected then provide the value for Number of auditor(s) appointed shall be … Read more

Companies (Accounts) Amendment Rules, 2014

The Ministry of Corporate Affairs (MCA) has vide notification dated October 14, 2014 amended the Companies (Accounts) Rules, 2014 (Amended Rules). Section 129 (3) read with Rule 6 of the Companies (Accounts) Rules, 2014 (Rules) provides manner of consolidation pursuant to Schedule III of the Companies Act, 2013 (Act) and the applicable accounting standards. The … Read more

TDS Return due date extended in 4 States to 31.10.14

Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS RELEASE 17th October, 2014 Last date of filing of the TDS/TCS Statements for the 2nd Quarter of Financial year 2014-15 for the deductors/collectors in the States of Andhra Pradesh, Jammu & Kashmir, Odisha & Telangana extended.In view of the recent … Read more