Month: May 2019
Non doctor running a hospital is not a professional for tax audit turnover limit purpose, but it is a business activity – ITAT deletes penalty u/s 271B ABCAUS Case Law Citation: ABCAUS 2914 (2019) (05) ITAT The appeal was filed by the assessee against the order of CIT(A) …
ICSI issues four Auditing Standards on Audit Engagement; Audit Process and Documentation; Forming of Opinion and Secretarial Audit The Council of the Institute of Company Secretaries of India (ICSI) has approved the issuance of four ICSI Auditing Standards and the same were released on May 6, 2019 at …
SEBI permits Foreign Portfolio Investors (FPI) to invest in Municipal Bonds under SEBI (Foreign Portfolio Investors) Regulations, 2014. CIRCULAR IMD/FPIC/CIR/P/2019/62 May 08, 2019 To1. All Foreign Portfolio Investors(through their Custodian of Securities)2. All Custodians3. The Depositories (NSDL and CDSL)4. The Stock Exchanges (BSE,NSEand MSEI) Dear Sir / Madam, …
GST Classification of books as Printed Books or Exercise Books-emphasis is on a functional characteristics, the purpose it serves – High Court ABCAUS Case Law Citation: ABCAUS 2913 (2019) (05) HC Important Case Laws Cited/relied upon by the parties The Central Press Private Limited v. Union of India …
CBDT extend tenure of Chairman and members of the National Committee for Promotion of Social and Economic Welfare for a further six months till 30.09.2019. MINISTRY OF FINANCE(Department of Revenue) NOTIFICATION New Delhi, the 8th May, 2019 S.O. 1706 (E).—Whereas in exercise of the powers conferred by section …
Interest is payable u/s 11AB on differential excise duty with retrospective effect due to escalation clause – Supreme Court uphelds Division Bench judgments ABCAUS Case Law Citation: ABCAUS 2912 (2019) (05) SC Important Case Laws considered/relied upon by the parties CCE v. SKF India Ltd. 2009 (13) SCC …
Unaccounted tax liabilities to be deducted from reserves for levy of deemed dividend u/s 2(22)(e). AO should consider the liability while considering the status of the accumulated profit of the assessee ABCAUS Case Law Citation: ABCAUS 2911 (2019) (05) ITAT Important Case Laws Cited/relied upon by the parties …
No Penalty u/s 271(1)(c) without addition-Quantification of penalty depended upon addition made to the income of the assessee – ITAT ABCAUS Case Law Citation:ABCAUS 2910 (2019) (05) ITAT The assessee was in appeal before the Tribunal against the order of the CIT(A) in confirming the penalty imposed by …
CA/CWA/CS Certificate specified as documentary evidence for Service Exports from India Scheme (SIES). DGFT amends ANF 3B of the Handbook of Procedures As per Foreign Trade Policy of India 2015-2020, Service Providers of Notified Services, located in India, shall be rewarded under Service Exports from India Scheme (SEIS). The Scheme …
FAQ on GST on real estate to answer questions regarding new GST rate structure notified wef 01-04-2019. Compilation of 41 Frequently Asked Questions by CBIC F. No. 354/32/2019-TRUGovernment of IndiaMinistry of FinanceDepartment of Revenue(Tax Research Unit) Dated the 7th May, 2019, New Delhi Subject: FAQs on real estate- …