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DUE DATE FOR PAYMENT OF PROFESSIONAL TAX BY EMPLOYER/SELF EMPLOYED PERSONS – KARNATAKA FOR THE YEAR 2015-16 The due date for payment of Professional Tax for the year 2015-16 by Employer/ Self Employed persons is 30 th April 2015. Dealers registered or liable to be registered under the Karnataka Sales Tax Act, 1957 or the Karnataka Value Added Tax Act, 2003, whose total turnover in any year is – a)       Upto Rs.2 lakhs b)       not less than Rs.2 lakhs but less than Rs.10 lakhs c)        not less than Rs.10 lakhs but less than Rs.25 lakhs d)       Rs.25 lakhs or more NIL Rs.1,000 per annum Rs.1,500 per annum Rs.2,500 per annum Employers of establishments defined under the Karnataka Shops and Commercial Establishments Act, 1961 –                      i.             Where there are no employees                    ii.             Where not more than 5 employees are employed                  

[TO BE PUBLISHED IN THE GAZETTE OF INDIA EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (ii)] GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS Order New Delhi, the 10th April, 2015 S.O. __________ (E).- In exercise of the powers conferred by sub-section (11) of section 143 of the Companies Act, 2013 (18 of 2013 ) and in supersession of the Companies (Auditor’s Report) Order, 2003, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 480 (E), dated the 12(11 June, 2003, except as respects things done or omitted to be done before such supersession, the Central Government, after consultation with the Institute of Chartered Accountants of India, constituted under the Chartered Accountants Act, 1949 (38 of 1949), hereby makes the following Order, namely:- 1. Short title, application and commencement. – (1) This order may be called the Companies (Auditor’s Report) Order, 2015. (2) It shall apply to every company including a

ICAI/IDTC/GST/2015    1st April, 2015 Clarification- No change in rate of Service Tax Finance bill, 2015 has proposed to increase effective rate of Service Tax from 12.36% to 14%. It is wrongly reported in some quarters that the effective date of change in rate of Service Tax is 1st April, 2015. It is hereby clarified that the change in the rate of Service Tax will be effective from the date to be notified after enactment of Finance Bill, 2015. In this regard relevant portion of D.O.F. No.334/5/2015-TRU dated 28th February 2015 is produced below: “3.3 The Service Tax rate shall come into effect from a date to be notified by the Central Government after the enactment of the Finance Bill, 2015”. Hence, it is worthwhile to mention that there is no change in the rate of Service Tax w.e.f. 1st April 2015.

DUE DATES FOR STATUTORY PAYMENTS – APRIL 2015 Date Applicable Law Compliance Required 6-April-15 Central Excise Payment of Excise Duty for all Assessees 7-April-15 Income Tax Due date for deposit of Tax deducted under Section 194-IA in the month of March, 2015​ 10-April-15 Central Excise Filing ER-1 Return (Other than SSI Units) 10-April-15 Central Excise Filing Quarterly ER-3 Return by SSI Units availing small scale exemption 10-April-15 Central Excise Filing Quarterly ER-8 Return by the units paying 2% duty 10-April-15 Central Excise Filing Quarterly ER-2 Return by 100% EOUs 10-April-15 Central Excise Filing monthly ER-6 Return by specified class of Assessees regarding principal inputs 15-April-15 Central Excise Filing Qua

Acquisition/transfer of immovable property - Prohibition on citizens of certain countries Reserve Bank of India has amended the Foreign Exchange Management (Acquisition and Transfer of Immovable Property in India) (Amendment) Regulations, 2015 notified vide Notification No. FEMA 335/2015-RB dated February 4, 2015 c.f. G.S.R. No. 120 (E) dated February 24, 2015 to include the citizens of Macau and Hong Kong also in the list of countries which are prohibited to acquire/transfer immovable property in India in terms of Regulation 7 of  FEMA. In terms of Regulation 7 of Foreign Exchange Management (Acquisition and Transfer of immovable property in India) Regulations, 2000 notified vide Notification No. FEMA 21/2000-RB dated 3rd May 2000, which no person being a citizen of Pakistan, Bangladesh, Sri Lanka, Afghanistan, China, Iran, Nepal or Bhutan without prior permission of the Reserve Bank shall acquire or transfer immovable property in India, other than lease, not exceeding five

DIRECT AND INDIRECT TAX DUE DATES FOR THE MONTH OF MARCH 2015