Month: December 2017
ICAI Revised Minimum Recommended Scale of Fees for CA in respect to the Professional Assignments done by them under thirteen categories ICAI Revised Minimum Recommended Scale of Fees for CA The Committee for Capacity Building of Members in Practice (CCBMP) of ICAI has further revised the prescribed Minimum …
Deadline of pan-aadhaar reporting to bank Extended to 31-03-2018. Earlier by notification dated 12-12-2017 the date was postponed indefinitely Press Information Bureau Government of India Ministry of Finance 13-December-2017 17:15 IST Extension of deadline till 31.3.18 for submission of Aadhaar number, and Permanent Account Number or Form 60 …
GST Latest 16 Tweet FAQ by Official Account of the Goods & Services Tax (GST) Council, India GST Tweet FAQ dated 10-12-2017 Question 1: What should be my stand if property builder is not passing me GST benefit on the flat booked in June? My cost of flat …
Time limit to report Aadhaar and PAN to banks etc extended/postponed indefinitely. Earlier the deadline for existing was 31st December 2017 or six months for existing clients. MINISTRY OF FINANCE (Department of Revenue) Notification No. 9/2017 New Delhi, the 12th December, 2017 G.S.R. 1506(E).—In exercise of the powers …
Change of Date of Birth of EPF Members-Aadhaar not valid if correction required is more than one year for which, other valid documents also required Employees’ Provident Fund Organisation Ministry of Labour & Employment, Government of India Bhavishya Nidhi Bhavvan 14 Bhikaij Cama Place. New Delhi 110066 www.epfindia.gov.in …
Rejection of account books for not producing vouchers quashed. The High Court held that mere absence thereof did not give rise to presumption that there was any non-disclosure when no evidence existed to doubt the correctness or completeness of the books of account. ABCAUS Case Law Citation: ABCAUS 2145 …
Tax demands raised by Income Tax on Software Industry for export of IT/IT enabled services provided to clients abroad. Govt says apprehensions without basis Press Information Bureau Government of India Ministry of Finance 12-December-2017 15:41 IST Apprehensions about the negative effects of certain tax demands on the Software …
Extraordinary high transitional credit claim of CGST under scanner. Taxpayers advised to revise Form TRAN-1 by 27-12-2017 for wrongly claimed ITC. Press Information Bureau Government of India Ministry of Finance 12-December-2017 15:41 IST Filing of Form TRAN-I to avail Input Tax Credit Transition to GST provided for trust …
Deemed dividend provisions not attracted in absence of actual payment. Payment u/s 2(22)(e) has to be physical-actual and not mere book entry-High Court ABCAUS Case Law Citation: ABCAUS 2144 (2017) (12) HC The Challenge/Grievance: The instant appeal was filed by the Income Tax Department (the Revenue/Department) This under …
Refund-Claim of Countervailing duty as Duty Drawback admissible only where inputs that suffered countervailing duties actually used in goods exported Circular No. 49/2017-Cus F.No.609/97/2017-DBK Government of India Department of Revenue Central Board of Excise & Customs Drawback Division New Delhi, the 12th December, 2017 To Principal Chief Commissioners/ …
