Junior Engineering Assistant/ Store Assistant Recruitment in NFL 2014-15

Friends,

National Fertilizers Limited (A Government of India Undertaking) invites applications from eligible candidates for the posts as mentioned below vide Notification No. 01/2014/PNP. The interested candidates can apply on the prescribed application form which could be downloaded from the official website of NFL. No other means/mode of application will be accepted. The candidates are advised to ensure their eligibility before applying for these posts. The brief details are as under : 

Notification No. 01/2014/PNP

Name of Post	No of Posts	Scale of Pay	Educational Qualifications
Junior Engineering Assistant Grade-II (Prod.)	10	Rs.9000-16400 plus perks and allowances.	B.Sc. (with Physics, Chemistry & Mathematics) or Diploma in Chemical Engineering (Regular 3 Years Diploma Course) not less than 50% Marks (45% Marks for SC/ST)
Store Assistant Grade-II	01 (Backlog)	Rs.9000-16400 plus perks and allowances.	Graduate in Science / Commerce / Arts with not less than 50% marks (45% Marks for SC/ST)
Store Assistant Grade-V	01 (Backlog)	Rs.5900-10150 plus perks and allowances	Matriculation or equivalent with one year experience.

Age Limit: 30 Years as on 01/10/2014 (Age Relaxation - 05 Years for SC/ST, 03 Years for OBC, 10 Years for PWD).

Selection Process:  i) For Posts mentioned at Sr.No. 1, In case the number of applications received is large, Management may at its discretion conduct a common written test to short-list the eligible candidates. No TA/DA will be paid for appearing in the written test. The Candidates short-listed on the basis of performance in the written test to be held at Panipat will be called for interview (at Panipat) for which reimbursement of to and fro single 2nd Class Rail/Bus fare from the nearest railway / bus station to Panipat by the shortest route will be allowed on production of necessary proof.  

ii) For posts mentioned at Sr.No.2 & 3, If sufficient number of persons with disability (PWD) having requisite experience, are not available on the basis of general standard, candidates belonging to this category may be selected by relaxing experience to fill up the vacancies reserved for them provided they are not found unfit for such posts.  

The selected candidates before joining will be required to get Medical Fitness Certificate from Civil Surgeon/CMO of Civil /NFL’s Hospital and also subject to verification of character & Antecedents from the concerned District Authorities. The selected candidates on joining can be posted in any Office/Unit/Division of NFL in India with initial posting at Panipat.

How To Apply: Eligible Candidates should send their typed applications on plain paper (A-4 size) in Hindi or English language duly signed with date along with attested copies of the certificates 8 testimonials and a recent passport-size photograph (to be affixed on application) stating following particulars (i) Post applied for (ii) Name (iii) Father's name 5 Mother's Name (iv) Date of Birth & Age (v) Sex (vi) Marital Status (vii) Present Postal Address (viii) Permanent Address (ix) Detailed Qualification indicating Examination Passed, University/Board. Max. Marks, Marks Obtained. %age of Marts, Subjects, *x) Experience (If yes. attach certificate) indicating Name of Employer/Organization, Post held, Duration-from-to, Nature of jobs performed, Salary/Allowances, Reason (or leaving (xi) Whether belongs to SC/ST.'OBC (If yes, attach certificate), (xii) Whether PWD (If yes, mention %age of disability and attach certificate) (xiii) Whether Ex-Serviceman Dependents of those killed/severely disabled in action (If yes, give detail) to Dy. General Manager (HR), National Fertilizers Limited, Gohana Road, Panipat-132106 (Haryana) by post on or before 25/11/2014. Applications received after the due date will not be entertained. The envelope containing application should be super scribed with "POST APPLIED FOR_____". Eligible Candidates working in Govt. Deptts. 'Public Sector Undertakings are required to apply through proper channel.

For more information Download Advertisement

Staff Selection Commission (SSC) Recruitment of Various Posts

Friends,

Government of India, Staff Selection Commission (SSC), Ministry of Personnel, Public Grievances and Pensions, Department of Personnel and Training invites applications from eligible candidates for the posts as mentioned below vide Advertisement No. ER-01/2014. The notification has also published in the Employment News/Rozgar Samachar dated 18.01.2014 vide notification FILE NO. 11/1/2013-RECTT/VOL.II. Willing applicants under Para-4 of this Notice who fulfill the conditions of eligibility for the post(s) as specified in para 2 of the Notice among others are advised to go through all parameters under different Paras and Sub-Paras of this Notice and satisfy themselves about their suitability on Age-limit and Essential Qualification(s) for the posts etc., before applying. The interested candidates can apply on the prescribed application format which could be downloaded from the official website of SSC and also from the link provided at the end of this post. The selection of the candidates will be made on the basis of written examination, Interview/ Skill Test. The brief details are as under : 

Name and Number of the Posts:

• Store Assistant: 02 Posts
• Deputy Ranger: 01 Post
• Data Processing Assistant: 29 Posts
• Investigator (Language): 06 Posts
• Scientific Assistant (Physics-Civil): 02 Posts
• Junior Technical Assistant (JTA): 19 Posts

Number of Posts: 59

Educational Qualifications: Candidates who wish to apply for these all posts then you check post wise educational qualifications and other desirable qualifications, which details are mentioned given below advt.

How to Apply: All the interested and  eligible candidates are required to forward their application within in closing date of application receiving, should be attach all relevant documents and addressed mentioned in the notification.

Important Dates:

• Last date for receipt of completed applications: 17.02.2014
• Last date for submitting of duly filled application from far flung areas: 24.02.2014

For more information and Application Form CLICK HERE

Haryana Staff Selection Commission Recruitment of various Posts 2014-15

Friends,

Haryana Staff Selection Commission, Bays No. 67-70, Sector-2, Panchlula- 134151, invites applications from eligible candidates for various posts as mentioned below vide Advertisement No. 02/2013 dates 20.12.2013. The interested candidates can apply in ONLINE mode only through the link provided on the official website of HSSC. The closing date for receipt of online applications is 19.01.2014 (up-to 5:00 PM) and the closing date for deposit of fee is 22.01.2014 (up-to 4:00 PM). After that the link will be deactivated and no application will be accepted. The candidates are strongly advised to apply online well in time without waiting for last date of submission of online application. The printed copy of the online form with necessary certificate will be brought at the time of verification/scrutiny-cum-interview. No offline application form or copy of downloaded application form will be accepted by the office. The prescribed essential qualification does not entitle a candidate to be called for interview. The commission may short list the candidates for interview by holding a written examination or on the basis of a rationale criterion to be adopted by the Commission. The decision of the Commission in all matters relating to acceptance or rejection of an application, eligibility/suitability of the candidates, mode of, and criteria for selection etc. will be final and binding on the candidates. No inquiry or correspondence will be entertained in this regard. The brief details are as under : 

AGRICULTURE DEPARTMENT : -

• 46 posts of Agriculture Inspector
• 43 posts of Statistical Assistant
• 19 posts of Junior Scientific Assistant
• 3 posts of Draftsman

ANIMAL HUSBANDRY & DAIRYING DEPARTMENT

• 23 posts of Progress Assistant

AYUSH DEPARTMENT

• 128 posts of Dispenser Ayurveda

DEVELOPMENT & PANCHAYAT DEPARTMENT

• 250 posts of Gram Sachiv
• 87 posts of Junior Engineer (Civil)

ECONOMIC & STATISTICAL ANALYSIS DEPARTMENT

• 38 posts of Junior Field Investigator
• 12 posts of Statistical Assistant/ Inspector (NSS)/ Investigator

FISHERIES DEPARTMENT

• 19 posts of Fisheries Officer

FOOD & SUPPLIES DEPARTMENT

• 70 posts of Sub-Inspector Food & Supplies

FOREST DEPARTMENT

• 101 posts of Foresters
• 39 posts of Deputy Ranger
• 2 posts of Draftsman

HEALTH SERVICES DEPARTMENT

• 311 posts of MPHW (Female) ( 287 posts for Health Services + 24 posts for ESI Health Care)
• 53 posts of Radiographer
• 23 posts of Public Health Nurse
• 12 posts of Pharmacist
• 10 posts of Operation Theatre Assistant

HEALTH SERVICES (MALARIA) DEPARTMENT

• 100 posts of Multipurpose Health Worker (Male)

HIGHER EDUCATION DEPARTMENT

• 70 posts of Restorer
• 49 posts of Junior Librarian
• 20 posts of Tabla Player
• 15 posts of Assistant (for Field Offices)
• 14 posts of Assistant (for Headquarter)
• 12 posts of Lascar

INDUSTRIAL TRAINING DEPARTMENT

• 14 posts of Junior Apprenticeship and Placement Officer

IRRIGATION & WATER RESOURCES DEPARTMENT

• 381 posts of Junior Engineer (Civil)
• 188 posts of Operator
• 66 posts of Store Keeper
• 38 posts of Chargeman
• 23 posts of Candidate Zilledars
• 21 posts of Mason
• 20 posts of Chargemen (for BBMB)
• 20 posts of Tracer
• 17 posts of Telephone Attendant
• 16 posts of Junior Engineer (Civil) for BBMB only
• 15 posts of Electrician
• 13 posts of Fitter
• 13 posts of Artificer
• 11 posts of Fitter (for BBMB)

LOCAL AUDIT

• 21 posts of Auditor
• 2 posts of Senior Auditor

PUBLIC HEALTH ENGINEERING DEPARTMENT

• 300 posts of Water Pump Operator Grade-II
• 15 posts of Junior Engineer (Civil)
• 15 posts of Electrician Grade-II
• 13 posts of Mechanical Fitter

PWD (B&R) DEPARTMENT

• 83 posts of Electrician
• 55 posts of Work Supervisor
• 54 posts of Tracer (Civil) for Field & H.Q.
• 35 posts of Junior Engineer (Electrical)
• 29 posts of Auto Diesel Mechanic
• 27 posts of Fitter Heavy Machine
• 23 posts of Assistant Draftsman (Civil)
• 23 posts of Painter
• 13 posts of Workshop Machinery Operator
• 12 posts of Chargemen (Electrical)
• 11 posts of Chargemen Heavy Plant
• 10 posts of Chargemen Miscellaneous

RAJYA SAINIK BOARD

• 33 posts of Welfare Organizer

SECONDARY EDUCATION DEPARTMENT

• 42 posts of Assistant (For Field Offices)

SPORTS & YOUTH AFFAIRS DEPARTMENT

• 10 posts of Junior Yoga Coach

TOWN & COUNTRY PLANNING

• 36 posts of Junior Engineer (Civil)
• 11 posts of Junior Draftsman

URBAN LOCAL BODIES DEPARTMENT (Municipal Corporation)

• 25 posts of Junior Engineer (Civil)
• 21 posts of Draftsman
• 12 posts of Junior Engineer (Electrical)

WOMEN & CHILD DEVELOPMENT DEPARTMENT

• 128 posts of Supervisor (Female)
• 115 posts of Supervisor (Female)

HARYANA STATE AGRICULTURE MARKETING BOARD

• 242 posts of Auction Recorder
• 104 posts of Mandi Supervisor-cum-Fee Collector
• 47 posts of Accountant
• 46 posts of Assistant Secretary
• 20 posts of Junior Engineer (Civil)
• 12 posts of Assistant
• 4 posts of Sub Divisional Clerk

HARYANA URBAN DEVELOPMENT AUTHORITY (HUDA)

• 56 posts of Junior Engineer (Civil)
• 14 posts of Junior Engineer (Horticulture)
• 13 posts of Junior Engineer (Electrical)
• 13 posts of Assistant Draftsman (Engineering Wing)

SEED DEVELOPMENT CORPORATION

• 39 posts of Salesman
• 20 posts of Assistant Seed Production Officer

HARYANA DAIRY DEVELOPMENT COOPERATIVE FEDERATION LIMITED

• 99 posts of Executive Assistant (Proc.)
• 17 posts of Lab Assistant

HARYANA STATE FEDERATION OF CONSUMERS’ CO-OPERATIVE WHOLESALE STORES, LIMITED (CONFED)

• 40 posts of Store Keeper

HARYANA STATE WAREHOUSING CORPORATION

• 36 posts of Godown Keeper
• 22 posts of Junior Technical Assistant

UTTAR HARYANA BIJLI VITRAN NIGAM LIMITED / HARYANA VIDYUT PRASARAN NIGAM LIMITED/ DAKSHIN HARYANA BIJLI VITRAN NIGAM LIMITED.

• 1586 posts of Assistant Lineman
• 132 posts of Shift Attendant (for UHBVNL only)
• 23 posts of Lab Attendant (for DHBVNL only)
• 20 posts of Divisional Accountant/ Revenue Accountant (for UHBVNL only)

A candidate whether he belongs to General or reserved category viz. SC, BCA, BCB, ESM/DESM, DFF, PHC or OSP can submit only one on line application for a particular category of post advertised. The special instructions for online applications as given on website www.hssc.gov.in or www.onlinehssc.in must be carefully read to help in understanding and filling in the application form. No offline form will be accepted. All the relevant columns of the application form should be filled in.

For bifurcation of Posts, Educational Qualifications, Fee Details, Age, Pay Scale etc. Click Here

Recruitment Portal of HSSC

Amendments in Service Tax w.e.f. 01/04/2011

Friends,

The government of India has made major amendments in Service Tax rules w.e.f. 01/04/2011. Budget 2011 (Finance Act 2011 ) has brought in following amendments in service tax laws effective from 01/04/2011 . Among many new things, point of taxation rule is most important and talked about amendment in Finance Act 2011 . Here is the list of amendments effective from 01/04/2011

a) Exemption is provided to the following services:

i) Value of air freight included in the assessable value of goods for charging customs duties is being excluded from taxable value for the purpose of levy of service tax under the ‘Transport of goods by air’ service.

ii) Services related to transportation of goods by road, rail or air when both the origin and the destination are located outside India is being exempted from service tax.

b) Withdrawal or amendments to existing Exemptions:

i) The rates of service tax on travel by air are being revised as follows:

(1) Domestic travel (economy class): from Rs.100 to Rs.150

(2) International travel (economy class): from Rs.500 to Rs.750

(3) Domestic travel (other than economy class) 10% (Standard rate)

ii) Exemption to inter-bank transactions of purchase and sale of foreign currency is being extended to any bank, including a bank located outside India, or money changer, by any other bank or money changer.

iii) Exemption to transport of goods by rail service is extended upto 30-Jun-2011.

c) Amendments to Rules & Notifications:

i) Rule 6(4B)(iii) of the Service Tax Rules, 1994 is amended to raise the monetary limit for adjustment of excess tax paid from Rs.1,00,000/- to Rs.2,00,000/-.

ii) Rule 6(7B) of the Service Tax Rules, 1994 pertaining to sale and purchase of foreign exchange is being amended to,—


foreign exchange is being amended to,—

(1) omit the proviso as well as the illustration; and

(2) reduce the composition rate from 0.25% to 0.1% of the gross amount of currency exchanged towards discharge of service tax liability. Transaction slabs and different rates of composition are introduced.

iii) It is being defined in Service Tax (Determination of Value) Rules, 2006 that the value of the money changing service:

(1) for a currency exchanged either from or to Indian Rupees, shall be equal to the units of currency exchanged multiplied by the difference in the buying rate or the selling rate, as the case may be, and the RBI reference rate for that currency at that time;
(2) for a currency where the RBI reference rate is not available, shall be 1% of the gross amount of Indian Rupees provided or received, by the person changing the money;
(3) where neither of the currencies exchanged is Indian Rupee, shall be equal to 1% of the lesser of the two amounts the person changing the money would have received by converting any of the two currencies into Indian Rupee on that day.

iv) Rule 6(6A) is being inserted in Service Tax Rules, 1994, to provide power to the Officer that if any amount of service tax has been self-assessed and not paid, the same shall be recoverable with interest by way of attachment under section 87 of the Act. Thus, there shall be no need to resort to provisions of section 73 where issuance of notice was mandatory.

v) Export of Services Rules, 2005 and Taxation of Services (Provided from Outside India and Received in India) Rules, 2006 are being amended so as to move some of the specified services from one category to another.

d) The Point of Taxation Rules, 2011

New Rules have been framed and made effective from 01.04.2011 with relevant amendments to the Service Tax Rules. Transitional provision is introduced to provide an option to the service provider to adopt the rules from 1-7-2011. These rules determine the point in time when the services shall be deemed to be provided and consequently the point of time for payment of tax thereof.

e) CENVAT Credit Rules, 2004: Rules 2, 3, 4, 6 & 9 are being amended -i) To substitute the definitions of “inputs”, “input services”, “capital goods”, “exempted goods” and “exempted services” to clearly describe the scope of eligible & ineligible inputs and input services so as to minimize disputes in their interpretations. It is important to note that the term “exempted goods” now includes “trading”.

ii) To liberalise by allowing removal of inputs outside the factory for providing free warranty for final products without payment of duty.

iii) Rule 6 which stipulate options for reversal of CENVAT Credit where both taxable and exempted goods / services are manufactured / rendered, substantial changes are made amongst which the duty payable by service provider under Rule 6(3) is reduced from 6% to 5%. Also the term “value” is clarified for the purpose of computing the amount of reversal of CENVAT Credit.

iv) To provide that only 50% of the CENVAT credit availed will be available for utilization towards payment of service tax under ‘Banking and other financial services’ by a banking company and financial institution.

v) To provide that only 80% of the CENVAT credit availed will be available for utilization towards payment of service tax by the providers of life insurance service and management of investment under ULIP.

vi) To delete Rule 6(5) which stipulated that, 100% of CENVAT Credit was available for the specified 17 services where both taxable and exempted services are rendered.

vii) To provide that CENVAT Credit on input services will now be available on or after the day on which the invoice or bill is received subject to conditions for reversal of credit taken if the bill for input services is not paid within 3 months of the bill date. It is also stipulated that CENVAT credit must be reversed if any payment or part thereof, made towards an input service is refunded or a credit note is received. CENVAT Credit on service tax paid on reverse charge basis can be taken after the tax is paid by the service receiver. A transitional provision is introduced that where any bill issued before 1-Apr-2011, credit shall be allowed only after the bill is paid.

f) Amendments in the Act: Chapter V of Finance Act, 1994 is being amended to,—
i) Increase the rate of Interest under section 75 & 73B, on late payment / excess collection of service tax from the present 13% to 18%.

SERVICE TAX ACCOUNTING CODES FOR NEW SERVICES

SERVICE TAX ACCOUNTING CODES FOR NEW SERVICES

Accounting Codes For The Taxable Services Introduced Vide The Finance Act, 2011(8 of 2011)

         

Heads of Account under the Major Head “0044-Service Tax” in respect of the new taxable services have been allotted by the Office of the Principal Chief Controller of accounts, CBEC.

2. Accounting Codes for the purpose of payment of service tax are as follows:

Sr.No	Taxable Services	Accounting Code
		Tax Collection	Other Receipts	Deduct Refunds
1	2	3	4	5
124	Services of Air-conditioned restaurants having license to service alcoholic beverages in relation to service of food or beverages.	00441067	00441068	00441069
125	Services of providing of accommodation in hotels / inns/ cubs/ guest houses/ campsite for a continuous period of less than three months	00441070	00441071	00441072

Note :

A.    The sub-head “other receipts” is meant for interest, penalty, leviable on delayed payment of service tax

B.    The sub-head “deduct refunds” is not to be used by the assessees, as it is meant for the Revenue/Commissionerates while allowing refund of tax

C.    Primary education cess on all taxable services will be booked under 00440298 and Secondary Higher Education Cess will be booked under 00440426

D.    If NSDL have issued any dummy codes for revenue collection and interest / penalty for the above eight services, all these dummy codes should be treated as void and may replaced by the correct account codes as stated above

E.    Description of taxable services provided at column (2) of the given table for ease of reference, does not limit the scope of the taxable service.

SERVICE TAX - PROCEDURE FOR E-PAYMENT

 PROCEDURE FOR E-PAYMENT

1.   To pay Excise Duty and Service Tax online, the Assessee has to enter the 15 digit Assessee Code allotted by the jurisdictional Commissionerate.

2.   There will be an online check on the validity of the Assessee Code entered.

3.   If the Assessee code is valid, then corresponding assessee details like Name, Address, Commissionerate code  etc. as present in the Assessee Code Master will be displayed.

4.   Based on the Assessee Code, the duty / tax i.e. excise duty or service tax to be paid will be automatically selected.

5.   The Assessee is required to select the type of duty / tax to be paid by clicking on <91>Select Accounting Codes for Excise<92> or <91>Select Accounting Codes for Service Tax<92> depending on the type of duty / tax to be paid.

6.   At a time the assessee can select upto six Accounting Codes.

7.   The assessee should also select the bank through which payment is to be made.

8.   On submission of data entered, a confirmation screen will be displayed. If the taxpayer confirms the data entered in the screen, it will be directed to the net-banking site of the bank selected.

9.   The taxpayer will login to the net-banking site with the user id/ password provided by the bank for net-banking purpose and enter payment details at the bank site.

10. On successful payment, a challan counterfoil will be displayed containing CIN, payment details and bank name through which e-payment has been made. This counterfoil is proof of payment being made.

Note:
Excise or service tax payment done through ICICI Bank, HDFC Bank and Axis Bank can be done by assesses for select commissionerates only. For all other banks authorized for collection of excise duty or service tax, payment can be made for all commissionerates.

Seeks to levy anti-dumping duty on imports of Sodium Formaldehyde Sulphoxylate (SFS)

GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) has issued a notification regarding Seeking of levy anti-dumping duty on imports of Sodium Formaldehyde Sulphoxylate (SFS) originating in, or exported from, China PR for a  further period of five years pursuant to the final findings of Sunset review investigations conducted by the Directorate General of Anti-dumping and Allied duties. The notification has been issued on 5th August, 2011 vide Notification No. 70/2011.

Read the Detailed Notification Here as under :-

How to Open a Sole Proprietorship Business?

Sole proprietorship is a type of business in which only the owner, known as the sole proprietor, is responsible alone for all investment of capital and management of the business. He enjoys the profit solely and also suffers the risk alone. Sole proprietorship is the oldest and most common form of business in India. This is because sole proprietorship business enjoys several advantages which are not found in any other type of business. As the owner is solely responsible for the management of the firm, he can control the firm independently and can take quick decisions in every situation. He is motivated to work because he enjoys the profit solely and has a personal touch with the firm. Dissolution of the firm can be done easily due to least restrictions. It is also economical to start a sole proprietorship business because almost no formalities are present in its formation.

Sole proprietorship business can be formed easily as only the following things are required:

    Name of the organization, provided that it is not already trademarked by any other firm. Sole proprietor must register the name of firm soon after thinking the name of the organization.

    Owner must select the type of product he wants to deal in. He should check that the product he chose is legal in the eyes of law.

    A good site must be selected for setting up the business. He must check whether there is demand of the particular product in that area.

    Proprietor should open a bank account in the nearby bank so that he can deal with the customers in cheque, in case of transactions of bulky amount.

    Advertisement of the firm must be present in the most suitable type of media used nearby.

    A website can be made if the proprietor wants to flourish his business in future. Creating website will provide knowledge to general public about the firm.

    Stationery material like memos, pen, etc. which will be needed to give customers a professional bill.

    Proprietor must register for tax other than income tax. Some taxes which he should register are service tax, professional tax, etc. depending upon the condition of the firm.

Easy formation of business is the best advantage of sole proprietorship business. But, as there are two sides of a coin, similarly, in spite of the advantages there are several disadvantages too of starting sole proprietorship business. Limited availability of capital resource, limited managerial ability, unlimited liability, limited scope for expansion and uncertain life are some disadvantages of sole proprietorship business. Seeing the advantages and disadvantages, it can be concluded that sole proprietorship is only suitable in certain cases. Place where local market is established, market where taste and preference of the customer changes frequently, area where risk involved is minimum, site in which quick decisions can be taken and place where business can be established by investing small capital are the cases in which sole proprietorship business can be established without any risk. Therefore, if any person finds any place, where the things match with the above mentioned points, is the ideal place for the formation of sole proprietorship business by just completing the things required.

Registration of a Private Limited Company in India Online

Friends,

If you want to make a Private Limited Company in India then now-a-days it is very easy to register for your company ONLINE. There are some simple steps which we will discuss here. As you reach this article how to form a private company means you want to go through the basic and step by step guidelines to set up a private limited company. We will discuss in this article various formalities associated with company formation. There are lots of advantages of a private company over a partnership firm as it is a separate legal entity, limited liability of members, equitable distribution of profits, tax benefits. We will discuss all above topics on future articles, but here we will brief only for setup a private company in India.

Now company registration/formation is very easy with online involvement powered by MCA21 program launched by Ministry of Company Affairs (MCA). You can easily go through via ‘MY MCA Portal’.

Directors of the Company
First acknowledge the Directors of the Company. Minimum of two directors need to present and Maximum of 8 is allowed. All Directors should have DIN (Directors Identification Number). If you do not have one you can apply DIN online at www.mca.gov.in. It will allot provisional DIN immediately.

Register the name of the company

After obtaining DIN, you need to apply for the company name. You should give 5-6 names in the order which you prefer. It will be applied on e-Form 1A, online. The fees are Rs. 500/-. You can pay through your credit card or available option. It took normally 2 to 3 days to get the name locked. You can check the availability of the name at MCA Portal by clicking ‘Track Transaction Status’. If the name is not available you can apply for the fresh name on same application.

Incorporation

After register the name with Registrar, you must complete registration within 60 days from the date of approval of name by Registrar (Reduced from ’6 months’ vide companies (Central Government’s) General Rules and Forms (Third Amendments) Rules, 2007, we.f. 19.11.2007

The following documents are to be filed with fees electronically.

    Statutory declaration in e-form 1.
    Memorandum of Association (Scanned Copy)
    Articles of Association (Scanned Copy)
    Power of Attorney
    e-Form 18 – Notice of situation of registered office.
    e-Form 32 – Particulars of Directors

You have to submit the following documents to ROC office with the covering letter.

    Copy of memorandum and Articles of Association duly stamped and signed by promoters.
    Form No. 1 on stamp paper of requisite value.
    Power of Attorney from all the promoters.
    Copy of SRN Challan.

The ROC will send the certificate of incorporation shall be sent to you by post. You can check the status by filling up the SRN Challan number. You will also receive email from MCA office along with incorporation certificate.

Opening Bank Account on the name of company
The company now can open a bank account in its name for which a copy of the memorandum and articles of association will be submitted to banker.

Apply for PAN and TAN

Click to know how to apply PAN

For More information Go to : http://www.mca.gov.in/Ministry/faq_userreg.htm 

Customs - Regarding anti- dumping duty on certain Rubber Chemicals originating in, or exported from, certain countries

Friends,

 

CTET Results 2011

The Government of India Department of Customs has issued a Notification No. 67/2011 , dated 28-07-2011

Regarding anti- dumping duty on certain Rubber Chemicals originating in, or exported from, certain countries. 

The detailed Notification is as under :-

Rate of exchange of conversion of each of the foreign currency with effect from 1st August, 2011 - 51/2011 – Customs (N.T.), dated 27-07-2011

 

e-Payment - Pay Your Income Tax Online

 

New Income tax Return form ay 2011-12 Fy 2010-11 SAHAJ SUGAM

[TO BE PUBLISHED IN THE GAZETTE OF INDIA EXTRAORDINARY, PART-II, SECTION 3, SUB-SECTION (i)]

Government of India

Ministry of Finance

(Department of Revenue)

Notification No. 49 / 2011-Customs (N.T.)

New Delhi, the 20^th July, 2011.

G.S.R….(E) - In exercise of the powers conferred  by sub-rule (1) of rule 3 of the Customs Tariff (Identification, Assessment And Collection Of Countervailing Duty On Subsidized Articles And For Determination Of Injury) Rules, 1995, and in supersession of Notification of the Government of India, in the Ministry of Finance, Department of Revenue, No. 3/95-Customs (N.T.)  dated 1^st January, 1995, published in the Gazette of India, Extraordinary Part II, Section 3, Sub-section (i) vide G.S.R. 3(E) dated the 1^st January, 1995, except as respects things done or omitted to be done before such supersession, the Central Government hereby appoints the person not below the rank of Joint Secretary to the Government of India, Department of Commerce, Ministry of Commerce and Industry, as designated authority for the purposes of the said rules. 

F. No. 524/11/2011-STO (TU)

(Vikas)

Under Secretary to the Government of India,

Note.- The principal notification No. 3/1995-Customs (N.T) ., dated the 1st January, 1995, was published in the Gazette of India, Extraordinary , Part  II, Section 3, Sub-section (i), vide number G.S.R. 3 (E), dated the 1st January, 1995.

41/2011 - Service Tax, dated 27-06-2011 Amends the Point of Taxation Rules, 2011

Notification No. 17/ 2011-Central Excise (N.T.) dated 18th July, 2011

 

Notification No. 49 / 2011-Customs (N.T.) Dated 20th July, 2011.

SAIL Recruitment 2011 – 375 Management Trainee Vacancy

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)]

Government of India

Ministry of Finance

(Department of Revenue) 

New Delhi, the 27^th June, 2011

  

Notification No. 41/2011 – Service Tax

            G.S.R. (E).- In exercise of the powers conferred by clause (a) and clause (hhh) of  sub-section (2) of section 94 of the Finance Act, 1994 (32 of 1994), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby makes the following rules further to amend the Point of Taxation Rules, 2011, namely:-

1.   (1) These rules may be called the Point of Taxation (Second Amendment) Rules, 2011.

      (2) They shall come into force on the 1^st day of July, 2011.

2.   In the Point of Taxation Rules, 2011, in Rule 7, in sub-rule (c),-

before the bracket and letter “(p)”, the bracket and letter “(g)” shall be inserted,

[F. No. 334/3/2011-TRU] 

(Samar Nanda)

Under Secretary to the Government of India

Note.-  The principal rules were notified vide notification no. 18/2011-Service Tax, dated the 1^st March, 2011, published in the Gazette of India, Extraordinary vide Number G.S.R. 175(E), dated the 1^stMarch, 2011 and last amended vide notification No.25/2011-Service Tax, dated the 31^st March, 2011, published on the Gazette of India vide Number G.S.R. 283(E), dated the 31^st March, 2011.

PROVISION OF PENALTY ON LATE FILING OF INCOME TAX RETURN AY 2011-12

Friends,

The time is running and running. Have you filed your Income Tax Return for the AY 2011-12 ? Do you know the penalty clause if you fail to file the return by last date of filing of return ? Now A days all tax consultant ,business man,specially persons who have Earned salary income ,are in rush so that they can file their income tax return by due date i.e 31st July 2011 .we are also one of them.Due date of filing of income tax return for Assessment Year 2011-12 (financial year 2010-11)

In case of person who are not liable to get their accounts audited is 31.07.2011
 

In case of person who's accounts are liable to be audited under any law is 30.09.2011 and partner of such firms and all companies.

In first case(31.07.2011) person who has earned income from salary ,pension, interest income ,capital gain , house property and person owning small business and not liable to get their accounts audited are covered.

So nutshell every body is trying to meet the deadline ie 31.07.2011 ,I and you are also doing efforts in this direction ,but do you know
 

What is the penalty if some one has not filed his return by due date.................i.e 31st July 2011.
Specific penalty for late filing of return is prescribed u/s 271F which is briefed here under

"if a person failure to furnish return of income as required by section 139 before the end of relevant assessment year ,the assessing officer may impose a penalty of Rs 5000/-"

So this section says end of relevant assessment year ,as for previous year 2010-11, assessment year is 2011-12 and its end on 31.03.2012 ,means there is no liability for late filing of income tax return up to 31.03.2012 and after that assessing officer can impose a penalty of 5000,and that is also his(AO) power which he may or may not exercise after giving due hearing to the assessee.

Now you would like to know why people are so much worried about the due date ,the reason is that as due date has been linked with various other section of the income tax act ,so it is significant in that manner .

So I have listed few impacts of late filing of the Income tax return and issues related to due date of income tax.

Impact of late filing of Income tax return &amp; issue related to due date(The List is not exhaustive)
 

Interest u/s 234A:If there is tax due after deducting advance tax ,TDS and self assessment tax than interest will be applicable @1% per month and part thereof up to the date of filing of the return besides interest applicable u/s 234B or 234C.Means this interest is applicable only if there is any tax payable in your return .(calculator online is available here)
 

Loss of Interest on refund:You may loose interest on refund u/s 244A as delay in filing is attributable to assessee for the period by which you have filed late return.
 

Audit Report:Person who are liable to get their accounts audited should get the audit report on or before the due date of filing return i.e 30.09.2011.Audit repot is only to be prepared and not to be filed any where.In simple word or boldly we can say that if audit report has been signed before 30.09.2011 that is enough,you can file return late and report particulars will be filled when ever you filed your income tax return.This is as income tax circular no 5/2007 point no 6 (read full circular)
 

    Revised return :Late /belated return can not be revised .
    Some of deduction under subsection 80 are not available for late return.
    Due date of income tax return is related to TDS deposite and disallowance u/s 40a(ia).
    Due date of Income Tax return is related to tax saving u/s 54,54B,54F and some other issues in capital 

    gain saving account deposit scheme.
    Not able to carry forward the losses under various heads:you are not able to carry forward following type 

    of losses if file return after due date

    Speculation loss
    business loss excluding loss due to unabsorbed depreciation and capital exp on scientific research
    short term capital loss
    long term capital loss
    loss due to owning and maint. of horse races

However there is no impact on following type of losses even if return is furnished after the due date

    loss from house property
    business loss on account of unabsorbed depreciation and capital expenditure on scientific research.

(though delay can be condoned as per circular 8/2001 DT 16.5.2001 on fulfilling of certain condition)
 

So if you are falls under the ambit of the above  points then you should furnish your return up to 31.07.2011or 30.09.2011 as the case may be without any penalty.

Person who can afford to file late return

If you have

    already deposited due tax or due taxes has been deducted by your employer and nothing is due or
    you are not claiming a Major amount as refund or
    you have no losses to be carried forward

then you can fill return up to the end of the assessment year ie 31.03.2012 without any penalty.

Person who should file return on time.

If you have

    balance tax to be deposited or short fall of tax or
    huge amount of refund due to you or
    you have losses to be carried forwarded as explained above

then rush to the department asap so that return can be filled on time.

NOTE: Friends the all things as explained above is to not encourage people to file voluntarily late return but only to inform taxpayers their liability so that they can take informed decision.

Notification No. 35/2011-Central Excise dated 21st July, 2011

Friends,

 

Want to Know Your PF Balance Click Here

Income Tax Return Forms Financial Year 2010-11 (Excel and PDF)

For Results Visit Here

Last Ten Years Income Tax Slab Rates

 Here is the latest notification of Central Excise (Tarrif) No. 35/2011 dated 21.07.2011.

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)]
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE)
New Delhi, the 21st July, 2011
Notification No. 35/2011-Central Excise

G.S.R. (E).-In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excise Act, 1944 (1 of 1944), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the notification of the Government of India, in the Ministry of Finance (Department of Revenue), No. 6/2006-Central Excise, dated the 1st March, 2006, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 96(E), dated 1st March, 2006, namely:-

In the said notification, in the ANNEXURE,-

A. for Condition No. 26, and the entries relating thereto, the following shall be substituted, namely:-
“If,-

(a) an officer not below the rank of Joint Secretary to the Government of India in the Ministry of Power certifies the project as Ultra Mega Power Project;

(b) in case the certificate regarding Ultra Mega Power Project status issued as above is provisional, the Chief Executive Officer of the project furnishes a security in the form of a Fixed Deposit Receipt from any Scheduled Bank for a term of thirty six months or more, in the name of the President of India for an amount equal to the Central Excise Duty payable but for this exemption, to the Deputy Commissioner of Central Excise or Assistant Commissioner of Central Excise, as the case may be, having jurisdiction and if the Chief Executive Officer of the project fails to furnish the final Ultra Mega Power status certificate within a period of thirty six months from the date of clearance of excisable goods, the said security shall be appropriated towards Central Excise Duty payable on such clearances but for this exemption;

(c) an officer not below the rank of Chief Engineer in the Central Electricity Authority certifies that the said goods are required for the setting up of the said Ultra Mega Power Project under the Government of India initiative, indicating the quantity, description and specification thereof;

(d) the Chief Executive Officer of the project furnishes an undertaking to the Deputy Commissioner of Central Excise or Assistant Commissioner of Central Excise, as the case may be, having jurisdiction, to the effect that-
(i) the said goods will be used only in the said project and not for any other use; and
(ii) in the event of non- compliance of sub-clause (i) above, the project developer will pay the duty which would have been leviable at the time of clearance of goods, but for this exemption.”.

B. for Condition No. 28, and the entries relating thereto, the following shall be substituted, namely:-
“If,-
(a)an officer not below the rank of Joint Secretary to the Government of India in the Ministry of Power certifies the project as Mega Power Project;
(b)in case the certificate regarding Mega Power Project status issued as above is provisional, the chief executive officer of the project furnishes a security in the form of a Fixed Deposit Receipt from any Scheduled Bank for a term of thirty six months or more, in the name of the President of India for an amount equal to the Central Excise Duty payable but for this exemption, to the Deputy Commissioner of Central Excise or Assistant Commissioner of Central Excise, as the case may be, having jurisdiction and if the project developer fails to furnish the final Mega Power status certificate within a period of thirty six months from the date of clearance of excisable goods, the said security shall be appropriated towards Central Excise Duty payable on such clearances but for this exemption;
(c) an officer not below the rank of Chief Engineer in the Central Electricity Authority certifies that the said goods are required for the setting up of the said Mega Power Project under the Government of India initiative, indicating the quantity, description and specification thereof;
(d)the Chief Executive Officer of the project furnishes an undertaking to the Deputy Commissioner of Central Excise or Assistant Commissioner of Central Excise, as the case may be, having jurisdiction, to the effect that-
(i) the said goods will be used only in the said project and not for any other use; and
(ii) in the event of non- compliance of sub-clause (i) above, the project developer will pay the duty which would have been leviable at the time of clearance of goods, but for this exemption.”.

[F. No. 354/94/2011- TRU]
(Sanjeev Kumar Singh)
Under Secretary to the Government of India

Note: The principal notification No.6/2006-Central Excise dated the 1st March, 2006, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 96(E), dated the 1st March, 2006 was last amended vide notification No. 26/2011-Central Excise, dated the 24th March, 2011, published vide number G.S.R. 238(E), dated the 24th March, 2011.