Day: June 4, 2019
ITC of GST paid on building repairs not allowable to the extent of capitalisation – AAR The allowability of ITC of GST paid on building repairs is a matter of confusion among the various professionals and prone to litigation. The building repairs may involve the following among other things: Purchase …
No further disallowance when income is computed u/s 44AD. ITAT directs AO to make assessment u/s 44AD as desired by assessee who earlier declared lower net profits ABCAUS Case Law Citation: ABCAUS 2989 (2019) (06) ITAT The only issue in this appeal filed by the assessee was against …
ITAT reduced addition u/s 69A for cash deposits in bank by estimating the income assessee might have saved from the past incomes ABCAUS Case Law Citation:ABCAUS 2988 (2019) (06) ITAT The appeal was filed by the assessee HUF against the order of Commissioner of Income Tax (Appeals) in …
CBI arrested an Enforcement Officer of EPFO and a Private Consultant in a bribery case. The Central Bureau of Investigation has arrested an Enforcement Officer, Employees’ Provident Fund Organisation (EPFO), Ujjain (Madhya Pradesh) and a Consultant (Private person) in a bribery case. The complainant was a contractor engaged …
CBDT also extends due date for issue of TDS certificate in Form 16 for FY 2018-19 to 10th July 2019. Due date for filing Form 24Q was already been extended to 30.06.2019 vide order dated 3rd June 2019 F.No.275/38/2017-IT(B) Government of India Ministry of Finance Department of Revenue …
Implementation of PGA eSANCHIT-Paperless Processing under SWIFT Uploading of Licenses/Permits/Certificates/Other Authorizations (LPCOs) by PGAs Circular No.13 /2019-Customs (Central Board of Indirect Taxes and Customs) Dated: 3rd June, 2019 To All Principal Chief Commissioners/Chief Commissioners of Customs, Customs & Central Taxes and Customs (Preventive).All Principal Commissioners/Commissioners of Customs, Customs …
Simplified auto-registration of beneficiaries (IEC holders) on ICEGATE for eSANCHIT and other benefits Circular No.14/2019-Customs F.No. 450/148/2015-Cus-IVGovernment of India Ministry of Finance Department of Revenue(Central Board of Indirect Taxes and Customs) Dated: 3rd June, 2019 ToAll Principal Chief Commissioners/Chief Commissioners of Customs, Customs & Central Taxes and Customs …
CBIC issues Clarifications on filing of Annual Return (FORM GSTR-9) Press Release Clarifications on filing of Annual Return (FORM GSTR-9) The last date for filing of Annual return in FORM GSTR-9 is 30th June 2019. The trade and industry have raised certain queries with respect to filing of …