Month: March 2019
Amount forfeited on default of installment for purchase of property was capital in nature as the amount was fixed irrespective of which installment the assessee failed to pay – High Court ABCAUS Case Law Citation:ABCAUS 2833 (2019) (03) HC Important Case Laws Cited/relied upon by the parties Commissioner …
IT Department geared up to curb use of black money and cash inducements in elections. 24X7 Control Room, QRT and strengthened Air Intelligence Units deployed. Callers need not disclose personal details. The Director General (DG) of Income Tax (Investigation) Shri K. K. Vyawahare during a press conference on …
Insolvency & Bankruptcy Application to Adjudicating Authority Amendment Rules 2019. Changes to Form-1 & Form-5 Applications by financial/operational creditor MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 14th March, 2019 G.S.R. 222(E).— In exercise of the powers conferred by clauses (c), (d), (e) and (f) of sub-section (1) …
Attachment of property during PMLA investigation to be 365 day instead of 90 days from 20.03.2019 Notification MINISTRY OF FINANCE (Department of Revenue) Notification No. 1/2019 New Delhi, the 19th March, 2019 G.S.R. 225(E).—In exercise of the powers conferred by section 22 of the Finance Act, 2019 (7 …
Justice (Retd.) Pinaki Chandra Ghose appointed the first Lokpal of India The President of India has appointed Justice (Retd.) Shri Pinaki Chandra Ghose as the first Lokpal of India. Shri Pinaki Chandra Ghose (born 28 May 1952) is a retired judge of the Supreme Court of India. Prior …
New GST rates on real estate sector-GST Council 34th meeting decisions. New tax rate of 1% and 5% without ITC. conditions & Transition for ongoing projects GST Council in the 34th meeting held on 19th March, 2019 at New Delhi discussed the operational details for implementation of the recommendations made …
IBBI signs a Mou with SEBI for sharing of information/resources for effective implementation of Insolvency and Bankruptcy Code 2016 Insolvency and Bankruptcy Board of India No. IBBI/PR/2019/08 19th March, 2019 PRESS RELEASE Insolvency and Bankruptcy Board of India signs a Memorandum of Understanding with the Securities and Exchange …
Available Functionality for Tax Payers in GST Portal as on 15.03.2019 # Module / Area FOR DEFECTS FIXED 1. Return- Form GSTR 4 Tax payer Error coming to composition taxpayers, while uploading credit/ debit note related to Intra State supply while filing Form GSTR 4 online, has been …
SEBI Clarification on participation of Eligible Foreign Investors (EFIs) in Commodity Derivatives in IFSC Securities and Exchange Board of India CIRCULAR SEBI/HO/MRD/DRMNP/CIR/P/2019/39 March 18, 2019 All Stock Exchanges and Clearing Corporations in International Financial Services Centre (IFSC) Dear Sir / Madam Clarification on participation of Eligible Foreign Investors …
RBI Expert Committee on MSME invites suggestions on structural bottlenecks and factors affecting the performance of the sector Reserve Bank has constituted an ‘Expert Committee on Micro, Small & Medium Enterprises (MSMEs)’ to understand the structural bottlenecks and factors affecting the performance of the sector. The details regarding …