CA Shri. Ramesh Prabhu, Chairman, MSWA has launched Mswa News Channel on YouTube. We have uploaded several videos related to various issues of co-operative housing society.
Here is the video on the present burning topic i.e. “ON LINE SOCIETY REGISTRATION”. You are requested to view this video for getting more information & knowledge.
Arbitrary hikes in data and call charges for prepaid subscribers are frequent and not limited to just one mobile operator. In addition, Vodafone and Idea have reduced 3G prepaid data pack validity to a non-standard 28-days, thus forcing the user to recharge 13 times in a year instead of 12
Subscribers of Bharti Airtel have right to be furious over the mobile operator’s decision to charge extra for subscribers using voice over internet protocol (VoIP) apps, like Skype, Viber, Facebook Messenger and Google Hangouts. However, Airtel is not the only one who is charging more to its own subscribers. Several mobile operators like Vodafone and Idea Cellular are discriminating between their own post-paid and prepaid subscribers by enforcing non-standard validity period for internet packs. This follows an arbitrary hike in mobile data tariffs for 3G packs irrespective of whether the subscriber really gets the specified, minimum speed for internet or no.
Click Here for the full story by Yogesh Sapkale
The Securities and Exchange Board of India (SEBI) has set anti-money laundering guidelines to put in place stronger checks against possible laundering of funds through capital markets. Despite the regulations in place, SEBI recently sought help from various investigative agencies under the finance ministry on alleged money laundering in listed companies. According to reports, the markets regulator had written to the finance ministry, highlighting the method used by certain low-value companies to evade taxes.
The quantum of the alleged tax evasion is said to be pegged at Rs 20,000 crore
Such manipulative trades involves an entity seeking long-term capital gains exemption by approaching an operator, who finds out an illiquid stock on the exchange platform and gets an allotment of shares done to the entity. Over a one year at least period the operator rigs the stock price up to a pre-determined level. This is when the foreign entity gets in, and gullible investors get in taking the stock higher as the earlier entity gets out. This enables conversion of unaccounted money into tax-free long term capital gains. Watch the video:
Click Here for the full article
The WordPress.com stats helper monkeys prepared a 2014 annual report for this blog.
Here’s an excerpt:
The Louvre Museum has 8.5 million visitors per year. This blog was viewed about 440,000 times in 2014. If it were an exhibit at the Louvre Museum, it would take about 19 days for that many people to see it.
GOVERNMENT DIRECTION TO CHS FOR MAKING DOCUMENTS AVAILABLE TO MEMBERS AND EVEN TO AUTHORISED 3 RD PARTY
We at Consumer Education & Research Center (CERC) are working on a project on “Health Hazards in Cosmetic Products”.
As you may be aware, the Indian cosmetics Industry is estimated at Rs. 150 billion and is expected to grow at over 10% annually but the cosmetics industry as a whole has not kept pace with safety innovations due to a weak regulatory system that encourages ignorance about chemical hazards. There are various harmful chemicals present in cosmetics, of which several test findings have shown the presence of heavy metals. Moreover, cosmetics are used almost on a daily basis; hence even minute amounts of chemicals which are applied regularly will cause a cumulative effect.
We are conducting a research survey on cosmetics. The objective of the survey is to analyze the general prevailing rules as well as to understand regulations concerning cosmetics safety in India. Survey will also reveal the present status of the level of awareness of the health hazards in the cosmetic products. It will also help us to understand the common consumer’s concern with respect to safety and a thorough understanding of the product safety issues for the cosmetic sector.
A gentle reminder to kindly respond to our earlier survey on cosmetic product safety.
https://www.surveymonkey.com/s/WP8HSQB
This survey questionnaire (Part II) deals with specific categories of cosmetics under study; namely kajal, eyeliner, lipstick, hair dye and nail polish.
We would be obliged if you could send us your completed questionnaire latest by December 19, 2014.
Kindly find a questionnaire at the links given below.
https://www.surveymonkey.com/s/7BMR2D3
Thanking you,
Yours faithfully,
Anindita Mehta
DGM – Laboratory
Consumer Education & Research Center
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About the PAHAL (DBTL) Scheme
http://petroleum.nic.in/dbt/index_option1.php http://petroleum.nic.in/dbt/index_option2.php |
If not, an assessee might be charged interest for not paying TDS on time
There are several instances of taxpayers getting notices from the I-T department for no fault of theirs. Notices might be sent if TDS hasn’t been deducted, or if the TDS has been deducted but not paid to the I-T department on time.
If a bank doesn’t deduct TDS on fixed deposits, or does this after the end of the financial year, the onus is on the taxpayer to show he/she doesn’t intend to avoid tax, that it was merely an error. One of the ways to go about this is showing the interest income while filing tax returns and paying taxes. In case this isn’t done, you could file a revised return. But ensure you revise the tax return before the end of the next assessment year, says Rakesh Nangia, of Nangia and Company, chartered accountants.
However, if the interest income is being declared on a cash basis, the assessee can carry forward the TDS by the bank and clam credit in the year in which the income is taxed. In case the fixed deposit is for five years, you could carry forward the TDS and pay it in the last year, when it matures.
Click Here for the full story from Business Standard
Consumer Resources 