Day: January 5, 2018
ICAI Exposure Draft of Amendments to Ind AS 20-Accounting for Government Grants and Disclosure of Government Assistance. Last date for Comments is January 24, 2018. Amendments have been proposed in Ind AS 20 to allow the options to present non-monetary government grants at nominal value and government grants related to …
Incentives on digital purchase of Railway tickets through IRCTC website, on counters by credit/debit cards, through mobile phones etc. Discounts and waiver of service charge Train tickets can be booked at the ticket counters through cash or through credit/debit cards, Unified Payments Interface (UPI)/ Bharat Interface for Money …
ROCs has removed/struck off names of 226166 companies which were not filing returns for a continuous period of two or more financial years and prima facie were not conducting any business or in operation The Government has initiated campaign against black money, wilful defaulters and erring directors. There …
RBI issues Master Direction on Foreign investment in India Foreign Investment in India is regulated in terms of clause (b) sub-section 3 of section 6 and section 47 of the Foreign Exchange Management Act, 1999 (FEMA) read with Foreign Exchange Management (Transfer or Issue of a Security by …
Deduction of Tax at Source from Salaries u/s 192 of the Income Tax Act, 1961 for FY 2017-18-CBDT Circular Under section 192 of the Income Tax Act, 1961, every person responsible for paying any income chargeable under the head “Salaries” is liable to deduct income-tax on the estimated …
GST on accommodation services, betting and gambling in casinos, horse racing, admission to cinema, homestays, printing, legal services etc. CBEC reiterates previous clarifications Circular No. 27/01/2018-GST F. No. 354/107/2017-TRU Government of India Ministry of Finance Department of Revenue Tax research Unit **** North Block, New Delhi 04th January 2018 …
UP Commercial Tax Department guidelines for survey, investigation of traders for GST Compliances UP Commercial Tax Department has issued directions for survey/investigation of traders. As per the circular issued in this regard, investigations/surveys of traders are directed to be completed on priority basis. Physical Verification of all new registered traders …