Corporate and Professional Updates June 2014
- Exporters with 3 year track record can get bank advance up to 10 years for long term export contracts, subject to conditions[RBI Circular 132 of 21-05-2014].
- SEBI hikes regulatory fees for market intermediaries vide Notification No. LAD-NRO/GN/2014-15/03/1089, Dated 23-5-2014.
- RBI further simplifies KYC norms for opening of bank accounts vide circular number RBI/2013-2014/634 dated 09-June-2014 regarding one documentary proof of address.
- Dis-allowance of input tax credit by assessing officer of VAT on the ground that seller is bogus or cancelled dealer.
- Resident Director of Foreign Companies to submit PAN at the time of incorporation. General Circular No. 16/2014, Dated: 10.06.2014.IMPORTANT DATES
- Deposit of DVAT TDS for April : 15.05.2014
- Filling of TDS/TCS for March Quarter by all Deductors including Govt : 15.05.2014
- E -Payment of PF for April : 15.05.2014 o Deposit of VAT/CST for April : 21.05.2014
- Deposit of Advance Tax: 15.06.2014
- A Deposit of DVAT TDS for May: 15.06.2014
- Deposit of Advance Tax – Companies (15%) : 15.06.2014
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