Month: February 2019
CBDT raises Corporation Tax collection target for FY 2018-19 by Rs. 50000 crores from total Rs.6,21,000 Crore to Rs. 6,71,000 Crore F. No. 38012/2018-IT (Budget)Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesNew Delhi, 27th February, 2019 To, All the Principal Chief Commissioners of Income-tax Madam …
Extension of ITR and Tax Audit reports for of taxpayers of Kerala which are filed till 28.02.19 for AY 2018-19. Relaxation from interest u/s 234A. CBDT Order u/s 119 F.No. 225/15/2019/ITA.IIGovernment of IndiaMinistry of FinanceDepartment of Revenue (CBDT) North-Block, New Delhi, dated the 27th of February, 2019 Order …
Changes in jurisdictional Commissioners of Customs for the areas in Maharashtra MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) Notification No. 14/2019-Customs (N.T.) New Delhi, the 26th February, 2019 G.S.R. 149(E).—In exercise of the powers conferred by sub-section (1) of section 4 of the Customs …
Individual travelling from India to Nepal/Bhutan can carry notes of Mahatma Gandhi (new) Series of denominations Rs. 200/- and/or 500/- up to Rs. 25,000 RESERVE BANK OF INDIA(Foreign Exchange Department)(CENTRAL OFFICE) NOTIFICATION Mumbai, the 26th February, 2019 Foreign Exchange Management (Export and import of Currency) (Amendment) Regulations, 2019 …
Study Material for Valuation Examination – Land and Building Prepared by CVSRTA The Valuation Profession in India took a concrete shape with enactment of the Companies Act, 2013. Section 247 of the Act provides that where valuation is required to be done under the provisions of the Act, …
Maximizing Revenue collection without harassment is immediate priority – CBDT Chairman New appointed CBDT Chairman Shri P. C. Mody in his maiden message as chairman, CBDT has marked the maximizing Revenue collection as immediate priority. For accelerating the Revenue he has stressed on the need to widen and …
Writ Petition was not maintainable against show cause notice on the issue of service tax classification as cargo handling service instead of goods transport agency–Supreme Court quashes High Court order ABCAUS Case Law Citation:ABCAUS 2802 (2019) (02) SC Important Case Laws Cited/relied upon by the parties Deputy Commissioner, …
CBDT authorises PrCCIT to give additional charge of vacant post of CIT-Appeals CBDT, in order to ensure speedy disposal of pending cases has authorised the Principal Chief Commissioners of Income Tax (CCA) to assign additional charge of the vacant post of CIT(Appeal) under its jurisdiction. The PrCCIT can …
Allowability u/s 37(1) of fine /penalty for redemption of goods ordered to be confiscated for breach of import conditions – High Court explains the Law ABCAUS Case Law Citation:ABCAUS 2801 (2019) (02) HC Important Case Laws Cited/relied upon by the parties CIT V/s. Ahmedabad Cotton Mfg. Co Ltd. …
CBDT busts bogus donation racket u/s 35(1)(ii) by Rural Development Society, Hyderabad by issuing forged certificates of more than Rs. 40 crores F. No. 225/26/2019-ITA (II) Government of India Ministry of Finance Department of RevenueCentral Board of Direct Taxes**** Room No. 245A, North BlockNew Delhi, the 25th February, …