Skip to main content

SMS for Week ended 13-09-2015

By
S.No.Message
1TODAY (07.09.15) is Extended last date to file Income Tax Returns, as per CBDT order dated 02.09.15. Regards, Webecreator 
2No Extension of Due Date for filing ITRs for AY 15-16 by Assessees whose Accounts are required to be Audited & Companies. Press Release of 9-9-15. Rgds,Webecreator 
3Today(10.09.15) is Last Date to file ER-1,2& 6 for Excise returns by Non SSI assesses, EOUs,& by units paying duty of more than 1Cr respectively, for Aug,2015.
4Contents of Much awaited forms AOC-4 & AOC-4 CFS have been released in Companies (Accounts) second Amendments Rules, 2014 dt. 4.9.15.E-forms yet to be released.
5Practising Company Secretary,Chartered Accountant,Cost Accountant are authorised to certify FormAOC-4 & AOC-4 CFS.Companies(Accounts)Second Amendment Rules,2015
6XBRL Draft C&I Taxonomy 2015 and Draft Business Rules 2015 released for conversion of Financial Statement for FY 2014-15 into XBRL Mode. Regards WebeCreator 
7New e-Form CRA-4 (filing Cost Audit Report in XBRL format) available for filing w.e.f. 11.09.15.
8Form AOC-4 XBRL notified in Companies (Filing of Documents & Forms in XBRL) Rules, 2015 dated 9th Sep, 2015. Regards WebeCreator 
9Cost XBRL Taxonomy 2015, Cost Business Rules & Cost validation tool released & CRA-4 e- Form available for filing with effect from 11.09. 15. Regards WebeCreator 

Note : Above is compilation of SMS sent to sms subscribers  last week. Please see if you have missed out on any important update, due date etc.
Regards WebeCreator! 

Comments

Post a Comment

Popular posts from this blog

RBI deputy governor cautions fintech platform lenders on privacy concerns during loan recovery

By
  India's digital lending infrastructure has made the loan sanctioning system online. Yet, loan recovery still needs a “feet on the street” approach, Swaminathan J, deputy governor of the Reserve Bank of India, said at a media event on Tuesday, September 2, according to news agency ANI.According to the ANI report, the deputy governor flagged that fintech operators in the digital lending segment are giving out loans to customers with poor credit profiles and later using aggressive recovery tactics.“While loan sanctioning and disbursement have become increasingly digital, effective collection and recovery still require a 'feet on the street' and empathetic approach. Many fintech platforms operate on a business model that involves extending small-value loans to customers often with poor credit profiles,” Swaminathan J said.   Fintech platforms' business models The central bank deputy governor highlighted that many fintech platforms' business models involve providing sm
Post a Comment
Read more

Credit card spending growth declines on RBI gaze, stress build-up

By
  Credit card spends have further slowed down to 16.6 per cent in the current financial year (FY25), following the Reserve Bank of India’s tightening of unsecured lending norms and rising delinquencies, and increased stress in the portfolio.Typically, during the festival season (September–December), credit card spends peak as several credit card-issuing banks offer discounts and cashbacks on e-commerce and other platforms. This is a reversal of trend in the past three financial years stretching to FY21 due to RBI’s restrictions.In the previous financial year (FY24), credit card spends rose by 27.8 per cent, but were low compared to FY23 which surged by 47.5 per cent. In FY22, the spending increased 54.1 per cent, according to data compiled by Macquarie Research.ICICI Bank recorded 4.4 per cent gross credit losses in its FY24 credit card portfolio as against 3.2 per cent year-on-year. SBI Cards’ credit losses in the segment stood at 7.4 per cent in FY24 and 6.2 per cent in FY23, the rep
Post a Comment
Read more

India can't rely on wealthy to drive growth: Ex-RBI Dy Guv Viral Acharya

By
  India can’t rely on wealthy individuals to drive growth and expect the overall economy to improve, Viral Acharya, former deputy governor of the Reserve Bank of India (RBI) said on Monday.Acharya, who is the C V Starr Professor of Economics in the Department of Finance at New York University’s Stern School of Business (NYU-Stern), said after the Covid-19 pandemic, rural consumption and investments have weakened.We can’t be pumping our growth through the rich and expect that the economy as a whole will do better,” he said while speaking at an event organised by Elara Capital here.f there has to be a trickle-down, it should have actually happened by now,” Acharya said, adding that when the rich keep getting wealthier and wealthier, they have a savings problem.   “The bank account keeps getting bigger, hence they look for financial assets to invest in. India is closed, so our money can't go outside India that easily. So, it has to chase the limited financial assets in the country and
Post a Comment
Read more