Hello Readers,
Greetings of the Day ! 🙏
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Today's Word of Wisdom -
Health does not always comes from medicine. Most of the time it comes from peace of mind, it comes from happiness and love!
Dreams give rise to hope. Hope inspires efforts. Efforts results in success. So dreams are the root of success. Let all your dreams come true.
लोगों का आदर केवल उनकी शक्ल या सम्पत्ति के कारण नहीं करना चाहिये बल्कि उनकी उदारता के कारण करना चाहिये ।
हम सुरज की कद्र उसकी उँचाई के कारण नहीं करते बल्कि उसकी उपयोगिता के कारण करते हैं, अतः व्यक्ति नहीं व्यक्तित्व आदरणीय है ।
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29 December 2017 Updates 📄📄📄
TP Adjustment can be applied to Overseas Subsidiary even without obtaining any Royalty: Delhi HC [Read Judgment]
Read more at: http://www.taxscan.in/tp-adjustment-can-applied-overseas-subsidiary-even-without-obtaining-royalty-delhi-hc/15498/
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🍊 *The last date for compliance with CPE HOURS for the calender year 2017 ending on 31-12-2017 extended till 28th February, 2018.*
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Section 9(3)(c) of the Insolvency and Bankruptcy Code, 2016 is directory in nature, says Supreme Court [Read Judgment]
Read more at: http://www.taxscan.in/section-93c-insolvency-bankruptcy-code-2016-directory-nature-says-supreme-court/15454/
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Delhi HC upholds Constitutional Validity of Section 4(b) of the Sick Industrial Companies (Special Provisions) Repeal Act, 2003 [Read Judgment]
Read more at: http://www.taxscan.in/delhi-hc-upholds-constitutional-validity-section-4b-sick-industrial-companies-special-provisions-repeal-act-2003/15468/
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Tyres & Tubes used in E-Rikshaw attracts Higher GST: Dept issues Notice to Company for Short Payment of Tax [Read Notice]
Read more at: http://www.taxscan.in/tyres-tubes-used-e-rikshaw-attracts-higher-gst-dept-issues-notice-company-short-payment-tax/15463/
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Marketing Support Services provided by Microsoft India to Its Overseas Group is not subject to Service Tax: CESTAT [Read Order]
Read more at: http://www.taxscan.in/marketing-support-services-provided-microsoft-india-overseas-group-not-subject-service-tax-cestat/15483/
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ICAI releases Draft of Framework Governing Internal Audit [Read Draft]
Read more at: http://www.taxscan.in/icai-releases-draft-framework-governing-internal-audit/15492/#popup1
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Share Application Money cannot be deemed as Unexplained when the payment is Evident through Bank Details: Delhi HC [Read Judgment]
Read more at: http://www.taxscan.in/share-application-money-cannot-deemed-unexplained-payment-evident-bank-details-delhi-hc/15489/
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NEWS FROM GST FRONT
1 *There is no extension of TRANS-1.*Now the same is not available
being date is over as per GST portal.
2.. Functionality to add up to 10,000 records at once in Table 7A of Form TRAN 1 is now available on the GST Portal. https://t.co/P4q22ejree
3. Functionality to track the Return Status (submitted/filed) or refund status on the GST Portal is now available for taxpayers post login.
4.Both regular and those who opted for composition scheme now have the option to file their quarterly / monthly returns on GST portal..
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👉🏻Govt cuts small savings interest rate by 0.2 percentage points.*
(Govt cut the interest rate on small savings schemes, including public provident fund (PPF), national savings certificate (NSC) and Kisan Vikas Patra, by 0.2 percentage points for the January-March quarter)
👇🏻 👇🏻 👇🏻
https://goo.gl/Ze1s4j
*👉🏻Tax payers can see status of returns filed on GSTN portal.*
(Tax payers can now view the status of the returns filed by them on the GSTNetwork portal, the company handling the technology backbone of the new indirect tax system said.)
👇🏻 👇🏻 👇🏻
https://goo.gl/PSEufj
*👉🏻SEBI may mandate for disclose of defaults within 24 hours.*
(SEBI may mandate all listed entities to start disclosing the first instance of a default to a bank or financial institution within one working day.)
👇🏻 👇🏻 👇🏻
https://goo.gl/xfBkBs
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CBDT celebrate with the latest income tax returns data showing a 23.5 % increase in the number of individuals reporting an annual gross total lincome of over Rs.1crore to 59,830.
CBEC has notified the amended Central Goods and Services Tax (Thirteenth Amendment) Rules, 2017 which shall come into force on the date of their publication in the Official Gazette.
142 LISTED COMPANIES FINED FOR NON-APPOINTMENT OF WOMEN DIRECTOR
As required U/s 149 of Companies Act, 2013.
Small Industries Development Bank of India (SIDBI) has launched the ‘Udyamimitra’ Portal(www.udyamimitra.in) as a universal loan portal to improve accessibility of credit and hand holding services to Micro, Small and Medium Enterprises (MSMEs).
CAG Empanelment: Online Applications are invited from CA firms/LLPs from 1 Jan 2018 to 15 Feb 2018 for CAG empanelment for the year 2018-19.
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📺 *Updates*
➡1. HC justified sec. 68 additions as assessee received huge gifts from donors having no source of income
➡2. Insolvency process was to be rejected due to existence of disputes between parties: NCLAT
➡3. Key takeaways from the Companies Amendment Bill, 2017
https://corporatelaws.taxmann.com/topstories/222330000000013864/key-takeaways-from-the-companies-amendment-bill-2017.aspx
🙏Thank you🙏
Have a nice day