Day: December 24, 2018
Determination of fair market value of unquoted equity shares of ‘Start Up’ companies under section 56(2)(viib) of the Income-tax Act, 1961 read with Rule 11UA(2) of Income-tax Rules, 1962 -reg. CBDT vide instruction dated 06.02.2018 instructed that no coercive measures to recover the outstanding demand would be taken in …
Exception from online filing of application under section 197 and 206C (9) in the cases of NRIs and resident applicants Recently, CBDT vide Notification No. 74/2018 dated 25.10.2018, amended rule 28 of the Income-tax Rules to prescribe electronic filing of application for lower deduction or no deduction under …
Not providing certified copy of penalty order was reasonable basis for seeking condonation of delay in filing the appeal before the CIT(A) ABCAUS Case Law Citation:ABCAUS 2679 (2018) (12) ITAT This appeal was filed by the assessee against the order of CIT(A) wherein the appeal of the assessee …
Online IEC applications-Code to be issued in firm name. Supporting documents for address Proof of the firm and requirement of pre-printed cancelled cheque – Clarification DGFT, in August 2018 notified the new procedure for online IEC applications and mandated that online application for IEC would require only 2 documents …
Govt. proposes amendment to IT Act to curb Socail Media fake news Draft IT rules issued for public consultation The Information Technology Act (IT Act), 2000 was enacted with a view to give a fillip to electronic transactions, to provide legal recognition for e-commerce and e-transactions, to facilitate …
Latest initiatives being undertaken by ICAI towards reforms in the CA Course and Examination System The Institute of Chartered Accountants of India (ICAI) has always stood by the students and strived to address their concerns from time to time. Considering the dynamic global scenario, ICAI has taken proactive …
