CBDT has set up a committee to draw up the Incentive programme to reward and recognise honest taxpayers to encourage a culture of compliance like A cup of tea with the state governor, priority check-in at the airport, passports on priority, dedicated toll lanes, airport lounge access etc.
Every company to which sec 115JB of income tax act, 1961 applies, is required to file Form 29B certifying that book profits have been computed in accordance with the provisions of the Income Tax Act. Further, the Form 29B should be electronically filed along with the return of income before the due date.
AAR stated that No ITC admissible on GST paid on freight for transportation of petro goods to the export warehouse located in another state.
Govt has imposed an anti-dumping duty of up to USD 719 per tonne for five years on import of nylon filament yarn from the European Union (EU) and Vietnam following recommendations by the commerce ministry’s investigation arm DGTR.
MCA notified URC-1 vide Companies (Authorised to Register) Second Amendment Rules, 2018, dated 5th July 2018 would be available for filing purposes w.e.f 9th October 2018.
SEBI has put in place revised norms for recovering of investors' money, wherein a registered insolvency professional will be appointed as administrator to undertake sale of assets.
RBI is expected to increase policy rates by 25 basis points in the first quarter of the next year, primarily led by inflationary pressures and depreciation of the rupee, says a Goldman Sachs report.
International Monetary Fund (IMF) retained economic growth projection for India at 7.3% for 2018-19. IMF wants the RBI to tighten monetary conditions. For the next year 2019-20, the IMF lowered India’s growth projections to 7.4%.
Central government will issue Sovereign Gold Bonds 2018-19 for public subscription from October 15-19 and will be issued every month from October 2018 to February 2019." bonds would earn an interest of 2.5% per annum, payable every six months on the nominal value.
ICAI has released an exposure draft on ICAI Code of Ethics, 2018. The Last date for comments on this Draft is November, 7, 2018.
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Maggi Noodles Dealer punished for Anti-Profiteering Charges [Read Order]
Read more at: http://www.taxscan.in/maggi-noodles-anti-profiteering-charges/29365/
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Co-Owner need not obtain GST Registration If his Individual Turnover does not exceed 20 Lakhs: AAR [Read Order]
Read more at: http://www.taxscan.in/co-owner-obtain-gst-registration-individual-turnover-exceed-20-lakhs-aar/29439/
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CBIC imposes Restrictions on IGST Refund on Export of Goods and Services w.e.f 23rd Oct 2017 [Read Notification]
Read more at: http://www.taxscan.in/cbic-restrictions-igst-refund-export/29413/
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GST: GoM to meet on Monday to discuss Calamity Tax for Kerala
Read more at: http://www.taxscan.in/gst-gom-monday-calamity-tax-kerala/29417/
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Issuing Compliance Certificate by Company Secretary without verifying Relevant Statutory Records of Company amount ‘Misconduct’ [Read Order]
Read more at: http://www.taxscan.in/certificate-company-secretary-misconduct/29444/
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Chicory Roots are Tubers, Taxable under Gujarat Sales Tax Act: Gujarat HC [Read Order]
Read more at: http://www.taxscan.in/chicory-roots-tubers-taxable-gujarat-sales-tax-act-gujarat-hc/29421/
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12% GST Applicable to Supply of Works Contracts awarded by Government and Central University of Kerala [Read Order]
Read more at: http://www.taxscan.in/12-gst-applicable-supply-works-contracts-awarded-government-central-university-kerala/29450/
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GST Practitioners Exam: Last date of Registration extended up to 15th October
Read more at: http://www.taxscan.in/gst-practitioners-exam-last-date-registration-extended-15th-october/29457/
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NRIs can be appointed as Trustees of valid Indian Trusts under Income Tax Act: ITAT [Read Order]
Read more at: http://www.taxscan.in/nris-appointed-trustees-valid-indian-trusts-income-tax-act-itat/29472/
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Income Tax Dept lays down Procedure for processing Refund Claims delayed due to Technical Errors [Read Instructions]
Read more at: http://www.taxscan.in/income-tax-dept-procedure-processing-refund-claims-delayed-technical-errors/29477/
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SEBI has put in place revised norms for recovering of investors' money, wherein a registered insolvency professional will be appointed as administrator to undertake sale of assets.
ICAI has signed 'Mutual Recognition Agreement (MRA)' with the 'CPA Ireland' on 5 Oct. 2018 to facilitate mutual recognition of Qualification of each other and admitting Members by prescribing a bridging mechanism between the two Institutes. Now an ICAI member can become CPA Ireland Member on passing 2 online tests.
ICAI: UDIN by Chartered Accountants Mandatory from January to prevent Forgery.
Income Tax Dept lays down Procedure for processing Refund Claims delayed due to Technical Errors.
AAR stated that No ITC admissible on GST paid on freight for transportation of petro goods to the export warehouse located in another state.
GSTN has introduced the new RFD-01A form for Refund by Supplier of deemed export. In these article we will see the detailed analysis related to the Refund form, Rules and how to file the nil and not a nil refund form online.
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NRIs can be appointed as Trustees of valid Indian Trusts under Income Tax Act: ITAT [Read Order]
Read more at: http://www.taxscan.in/nris-appointed-trustees-valid-indian-trusts-income-tax-act-itat/29472/
