Month: October 2018
No Late Fee 234E can be levied when challan cum statement Form 26QB filed within the due date as required u/s 200(3) rwr 31A(4A) – ITAT ABCAUS Case Law Citation: ABCAUS 2566 (2018) (10) ITAT Important Case Laws Cited/relied upon by the parties: Mahavir AGENCY vs. Income Tax OFFICER …
Persons claiming refund of integrated tax paid on exports of goods or services should not have received supplies on which the supplier has availed the benefit of earlier exemption Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs Notification No. 53/2018 – …
Central Goods and Services Tax (Twelfth Amendment) Rules, 2018. Amendment to rule 96(10) to allow exporters who have received capital goods under the EPCG scheme to claim refund of the IGST paid on exports and align rule 89(4B) to make it consistent with rule 96(10). Government of India Ministry of …
GST intelligence enforcement action power-Both Central or State officers can take enforcement action in respect of the entire value chain Central Board Of Excise & Customs (CBIC) has issued a clarification regarding ambiguity regarding initiation of enforcement action by the Central tax officers in case of taxpayer assigned …
CBDT Transfers 69 officers in the grade of Commissioners of Income Tax with effect from 09.10.2018.
Sovereign Gold Bond Scheme 2018 -19 to be issued every month from October 2018 to February 2019 Government of India, in consultation with the Reserve Bank of India, has decided to issue Sovereign Gold Bonds-2018-19. The Sovereign Gold Bonds will be issued every month from October 2018 to February …
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 …
Expecting assessee to submit voluminous details at fag end in a short period of time when AO kept assessment proceedings dormant for one year was unjustified – ITAT ABCAUS Case Law Citation: ABCAUS 2565 (2018) (10) ITAT Important Case Laws Cited/relied upon by the parties: Pr.CIT Vs. Ashokji …
Extension of due date for filing tax audit report / income tax return to 31.10.2018 by CBDT. Download Order u/s 119 Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 8th October, 2018 PRESS RELEASE CBDT further extends date for filing …
IBBI (Insolvency Resolution Process for Corporate Persons) (Fourth Amendment) Regulations, 2018. IBBI has amended the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 . The Insolvency and Bankruptcy Board of India (IBBI) has notified the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for …