Uday N. Kajaria Chartered Accountant Uday Kajaria & Associates
Qualification : B.Com, FCA, ACS
Mumbai, Maharashtra,
Companies Act, 2013 Important provisions which have become effective from 12th September, 2013
Companies Act, 2013 Important provisions which have become effective from 12th September, 2013 The Ministry of Corporate Affairs has notified 12th Septmber, 2013 as effective date for 98 sections of the Companies Act, 2013 (hereinafter referred as ˜the Act™) vide its notification dated 12th September, 2013. Certain important provisions (which have become effective) are briefly… Read More
Tags: Companies Act, CompanySecretary, Corporate Affairs Ministry, Financial services, Fixed Deposit, Income tax, Privately held company, Public company, Subsidiary
Salient Features of Service Tax VCES – Voluntary Compliance Encouragement Scheme 2013
Finance Act 2013 has announced VCES 2013 to provide an opportunity to a person to pay service tax, which he was required to pay, but was not paid; and the same was not detected by tax department as on 1st March, 2013. Under the scheme, the person will get exemption from payment of Interest and Penalty… Read More
Tags: 31stDecember 2013, Declarant, Finance Act, Payment, Tax, Union dues, VCES-1, VCES-2
SEBI (Alternative Investment Funds) Regulations 2012 (AIFR) Certain Critical Issues
By Uday N Kajaria Chartered Accountant and Company Secretary uday.kajaria@gmail.com Introduction SEBI (Alternative Investment Funds) Regulations 2012 (hereinafter referred to as ˜AIFR™) notified on 21st May, 2012 provides a platform to the investor to pool their resources for investment in specified sectors such as start-ups, early stage ventures, SME, Infrastructure sector, subscribing to unsubscribed portion… Read More
Tags: AIF, AIFR, Collective investment scheme, India, Initial Public Offer, Investment, Mutual fund, SEBI, SEBI (Alternative Investment Funds) Regulations 2012, Venture capital
Basic Exemption under Service Tax is not basic
Generally, it is understood that no service tax is payable, if a person™s taxable service turnover does not exceed Rs 10 lakhs in a financial year. Basic emption is given under taxation law and other laws to ensure that a person does not suffer undue hardship in complying with applicable legal requirements. For example, basic… Read More
Tags: Capital good, Fiscal year, Income tax, Income Tax Act, Payment, Service Provider, Tax, Tax exemption
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