Author name: CA Ritul Patwa

FAQ’s ON OPENING A BRANCH OR LIAISON OFFICE BY A FOREIGN COMPANY IN INDIA

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Q.1. How can foreign companies open Liaison /Branch office in India? Ans. A. With effect from February 1, 2010, foreign companies/entities desirous of setting up of Liaison Office / Branch Office (LO/BO) are required to submit their application in Form FNC along with the documents mentioned therein to Foreign Investment Division, Foreign Exchange Department, Reserve …

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Impact of Rajasthan Budget, 2015 on Hotels & Restaurants

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We are enclosing the Rate of VAT and Luxury Tax on Hotels and Restaurants in Rajasthan applicable after the State Budget, 2015. ATTENTION – These changes in rates are applicable with immediate effect i.e. 09-03-2015. The major changes are:- 1. Peak Rate of VAT has been increased from 14% to 14.50%. 2. Cooked food like Pizza, burgers, fried chicken, …

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EXTENSION OF DUE DATE FOR INCOME TAX RETURN WITH TAX AUDIT u/s 44 AB

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F.No.153/53/2014-TPL (Pt.I) GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF DIRECT TAXES) **** North Block, TPL Division New Delhi, the 26th September, 2014 Order under section 119 of the Income-tax Act, 1961 Section 44AB of the Income-tax Act, 1961 („the Act‟) read with rule 6G of the Income-tax Rules, 1962 („the Rules‟) …

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TAX LIABILITY ON HOTELS IN RAJASTHAN – AFTER CENTRAL & STATE BUDGET OF 2014

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The budget for the FY 2014-15 have been presented by the Central Government on 10th July, 2014 and the Rajasthan State Government on 14th July, 2014 with changes in the rate of indirect taxes on hotels under few categories. We are enclosing below the tax liability on hotels in rajasthan after the central & state …

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RESTRICTION ON ADVERTISING BEFORE 48 HOURS OF TIME FIXED FOR CONCLUSION OF POLL

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Section 126 of the Representation of the People Act, 1951 deals with ‘Prohibition of public meetings during period of forty—eight hours ending with hour fixed for conclusion of poll’. The key provisions of the section provides as below:- (1) No person shall— (a) convene, hold or attend, join or address any public meeting or procession …

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