RBI issues dissent note on the draft Payment and Settlement System Bill 2018. The Payments Regulatory Board (PRB) must be headed by Governor, Reserve Bank of India The Government, under the chairmanship of Secretary, Department of Economic Affairs, had formed an Inter-Ministerial Committee for finalization of amendments to the …
Extension of due date for GSTR-3B return to 25.10.2018 for Sep 2018 month. Last date for availing ITC for Jul 2017 to Mar 2018 also extended to 25.10.2018 21 OCT 2018 Press Release by Ministry of Finance Extension of due date to 25th October, 2018 for furnishing return …
Security Interest (Enforcement) Amendment Rules, 2018. Public notice, affixing notice, uploading terms of sale of movable assets on web-site of secured creditor. MINISTRY OF FINANCE (Department of Financial Services) NOTIFICATION New Delhi, the 17th October, 2018 G.S.R. 1040(E).—In exercise of powers conferred by sub-section (1) and clause (b) of …
Closing debit balance of directors current account not deemed dividend u/s 2(22)(e) if no fresh loan/advance was given during the year – ITAT ABCAUS Case Law Citation: ABCAUS 2584 (2018) (10) ITAT Important Case Laws Cited/relied upon by the parties: CIT v. K. Srinivasan 59 ITR 788 (Mad.) …
Form of application for manufacturing/other operations to be undertaken in bonded warehouses, records to be maintained and triple duty bond to be executed Circular No. 38/2018-Customs F. No: 484/03/2015-LC Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes & Customs ************ Room No. …
CIT-Appeals is not Assessing Officer hence can not initiate or levy penalty. The enhancement of penalty u/s 271AAA by CIT-A held not sustainable ABCAUS Case Law Citation: ABCAUS 2583 (2018) (10) ITAT Important Case Laws Cited/relied upon by the parties: CIT versus Mrs. Ritu Singhal 403 ITR 97 …
Closing debit balance of directors current account not deemed dividend u/s 2(22)(e) if no fresh loan/advance was given during the year – ITAT ABCAUS Case Law Citation: ABCAUS 2584 (2018) (10) ITAT Important Case Laws Cited/relied upon by the parties: CIT v. K. Srinivasan 59 ITR 788 (Mad.) …
CIT-Appeals is not Assessing Officer hence can not initiate or levy penalty. The enhancement of penalty u/s 271AAA by CIT-A held not sustainable ABCAUS Case Law Citation: ABCAUS 2583 (2018) (10) ITAT Important Case Laws Cited/relied upon by the parties: CIT versus Mrs. Ritu Singhal 403 ITR 97 …
Assessment order u/s 153C will supersede an earlier order passed u/s 143(3). ITAT allowed the additional ground raised and restored the issue to the file of Assessing Officer ABCAUS Case Law Citation: ABCAUS 2582 (2018) (10) ITAT Important Case Laws Cited/relied upon by the parties: CIT vs. Anil …
Extension of due date for GSTR-3B return to 25.10.2018 for Sep 2018 month. Last date for availing ITC for Jul 2017 to Mar 2018 also extended to 25.10.2018 21 OCT 2018 Press Release by Ministry of Finance Extension of due date to 25th October, 2018 for furnishing return …
Last date to avail Input Tax Credit in respect of invoices or Debit Notes relating to such invoices pertaining to period from July, 2017 to March, 2018 – Clarification by Finance Ministry There appears to be misgiving about the last date for taking Input Tax Credit (ITC) in …
Under GST Regime service tax audit under Rule 5A can not be initiated Gujarat High Court in a judgment with far reaching implications stayed Service Tax Audit by CAG. This would definitely put a break on the harassment of the assessees by authorities who were issuing fresh notice for service tax …
Amendment to instructions for preparation of Balance Sheet and Profit and Loss of a company and Ind As compliant NBFC as per Schedule III – MCA Notification GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS Notification New Delhi, 11th October, 2018 G.S.R. (E).—In exercise of the powers conferred by …
MCA Extends last date for filing balance sheet annual return in Kerala to 31.12.2018 without payment of additional fees. General Circular No. 09/2018 F. No. 01/34/2013 CL-V Government of India Ministry of Corporate Affairs 5th Floor, ‘A’Wing, Shastri Bhawan, Dr. Rajendra Prasad Road, New Delhi-1 Dated: 05.10.2018 To …
MCA notifies 1st October, 2018 as the date of constitution of National Financial Reporting Authority. The following two notifications have been issued in this regard. MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 1st October, 2018 S.O. 5099(E).—In exercise of the powers conferred by sub-section (1) of section …
Closing debit balance of directors current account not deemed dividend u/s 2(22)(e) if no fresh loan/advance was given during the year – ITAT ABCAUS Case Law Citation: ABCAUS 2584 (2018) (10) ITAT Important Case Laws Cited/relied upon by the parties: CIT v. K. Srinivasan 59 ITR 788 (Mad.) …
CIT-Appeals is not Assessing Officer hence can not initiate or levy penalty. The enhancement of penalty u/s 271AAA by CIT-A held not sustainable ABCAUS Case Law Citation: ABCAUS 2583 (2018) (10) ITAT Important Case Laws Cited/relied upon by the parties: CIT versus Mrs. Ritu Singhal 403 ITR 97 …
Assessment order u/s 153C will supersede an earlier order passed u/s 143(3). ITAT allowed the additional ground raised and restored the issue to the file of Assessing Officer ABCAUS Case Law Citation: ABCAUS 2582 (2018) (10) ITAT Important Case Laws Cited/relied upon by the parties: CIT vs. Anil …
CA held guilty of misconduct by not obtaining bank confirmation by exercising due diligence when fake statement was only a printed paper with no signatures or seal ABCAUS Case Law Citation: ABCAUS 2572 (2018) (10) AA Important Case Laws Cited/relied upon by the Appellant: Council of Institute of …
ICAI Code of Ethics for chartered accountants applicable from 1 April 2019. Professional accountant required to comply with five fundamental principles This ICAI Code of Ethics is applicable from 1 April, 2019. However, Where guidance contained in this Code relates to engagements commencing prior to that date, previous guidance …
Internal Auditor cannot undertake GST Audit of the same entity simultaneously- ICAI. Bar on internal auditor regarding tax audit also apply to GST Audit The ICAI had received the following query from the members and other stakeholders as to: Whether an internal auditor of an entity can also undertake GST Audit of …
Excel Auto 234ABC Interest Calculator for AY 2018-19 Download for Corporate and Non-corporate Assessees Section 234A, 234B and 234C of the Income tax Act, 1961 deals with interest for delay in ITR Filing or Short/Non deposit of Advance tax. Interest is payable under section 234A for delay in …
ABCAUS Excel Depreciation Calculator FY 2017-18 under Companies Act 2013 as per Schedule-II Version 06.08 Dear Friends, The maiden ABCAUS Excel Companies Act 2013 Depreciation Calculator was first launched in March, 2015. Due to some unavoidable reasons, there has been a delay in making available the Depreciation Calculator …
Excel Auto Form 15G for AY 2018-19 with database as revised and simplified Form 15G is a declaration under sub section (1) and (1A) of section 197A of the Income Tax Act, 1961 which can be given by an individual or a person (other than company or firm) …
UCO Bank Concurrent Auditor Online Empanelment for the period 01.10.2018 to 30.09.2019. Last date for submission of application is 12-09-2018 UCO BANK AUDIT & INSPECTION DEPARTMENT HEAD OFFICE, KOLKATA NOTIFICATION 30th Aug, 2018 LAST DATE FOR SUBMISSION OF APPLICATION 12.09.2018 UCO Bonk invites online applications from practicing firms of …
PNB invites online applications for Concurrent Auditors empanelment from CA Firm with minimum 5 years Experience as SBA Concurrent Auditor. Last Date is 20/09/2018 EMPANELMENT OF CA FIRMS FOR CONCURRENT AUDIT ASSIGNMENT Punjab National Bank invites Online applications from practicing ‘Partnership firms of Chartered Accountants in India’ who …
Extension of Last Date of Multipurpose Empanelment Form for the Year 2018-19 In view of flood in Kerala, approaching last dates of various regulatory compliances with CBDT & MCA etc. and considering the requests received from fraternity across the Country, ICAI has extended the last date for submission of online …
