Ministry of Corporate Affairs, Government of India vide its general circular No. 15/2015 dated 30.11.2015 has extended the last date of e-filing of form MGT-7 (Annual Return) and AOC-4 (Financial Statement) under the Companies Act, 2013 to 31st December, 2015 without payment of additional fees. The copy of the circular is reproduced here under for viewing and downloading.
Ministry of Corporate Affairs on 12th of August has via its Circular Number 34/2014 has started the Company Law Settlement Scheme, 2014. The said scheme gives the chance to all the Stakeholders to file the Annual Documents which were pending before 30th June, 2014 without penalty and with only 25% of Actual Additional Fees.
The CBDT has issued Instruction No. 02/2014 dated 26.02.2014 in which it has referred to the judgements of the Supreme Court in Transmission Corp of A. P. 299 ITR 587 and GE India Technology Pvt. Ltd 327 ITR 456 on the issue of deduction of tax at source u/s 195 while making payments to non-residents.
CBDT has extended the due date to file TDS/TCS statement for Government deductor for the Financial year 2012-13(except first quarter) and Financial Year 2013-14 (first three quarters) to 31.03.2014.This has been done due to late filing of TDS returns by Govt departments due to non allottment of AIN number.
The CBDT has issued Instruction No. 1/2014 dated 15.01.2014 to the Chief Commissioners stating that though the Citizens Charter prescribes a time limit of one month for a decision u/s 197 on application for no deduction of tax or deduction of tax at lower rate, there is considerable delay in issuing the lower/non deduction certificate.
TDS not to be Deducted on Service Tax Component shown Separately
Whether to deduct TDS on Service Tax Amount? This question had always put deductor in difficulty. The question always comes that whether TDS is to be deducted on the entire amount of the invoice i.e. including service tax or only on the payment made towards services i.e. excluding service tax.
CBEC has issued Circular No.173/8/2013 – ST clarifying certain doubts regarding Service Tax on Restaurant service. The said Circular No.173/8/2013 – ST is reproduced below.
tax 'N' accounts people
Tarun Kumar Gupta
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