Month: September 2019
Doctrine of promissory estoppel inapplicable in larger public interest. Supreme Court upheld withdrawal of custom exemption notifications ABCAUS Case Law Citation:ABCAUS 3151 (2019) (09) SC Important case law relied upon by the parties:Kasinka Trading vs. Union of IndiaDarshan Oils (P) Ltd. vs. Union of IndiaSTO vs. Shree Durga …
TDS u/s 194N-Cash Replenishment Agencies & franchise agents of White Label ATM Operators exempted from TDS on cash withdrawal MINISTRY OF FINANCE(Department of Revenue) NOTIFICATION New Delhi, the 18th September, 2019 Notification No. 68/2019 S.O. 3356(E).—In exercise of the powers conferred by clause (v) of proviso to section …
Confidentiality provisions of tax treaties prohibit use of exchanged information for non-tax purposes without express consent Central Board of Direct Taxes (CBDT) has expressed concern over confidentiality of information obtained from foreign jurisdictions under the Exchange of Information (EOI) process of Double Taxation Avoidance Agreements (DTAAs)/ Tax Information …
Govt. constitutes Company Law Committee for examining and making recommendations on various provisions/issues pertaining to implementation of the Companies Act Ministry of Corporate Affairs Government constitutes Company Law Committee for examining and making recommendations on various provisions and issues pertaining to implementation of the Companies Act 18 SEP …
UDIN by CAs can be generated within 30 days of signing of Audit Report as against 15 days – Read ICAI Announcement Now UDIN can be generated with 30 days. Recently ICAI had issued UDIN notification prescribing timeline for all certificates, GST/Tax Audit Reports & Attestation functions. As …
MCA 23 FAQs on DIR-3 KYC. Read updated and revised FAQs as on date 1. Who is required to file DIR-3 KYC form? For Financial year 2018-19 – Any person who has been allotted “Director Identification Number (DIN/DPIN)” on or before 31st March 2018 and the status of …
Reference u/s 144BA to declare an arrangement as impermissible avoidance agreement to be made to the approving panel in Form No 3CEIA MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES)NOTIFICATION New Delhi, the 17th September, 2019 (INCOME-TAX) G.S.R. 662(E).—In exercise of the powers conferred by sub-sections (18) …
Diversion and Transfer/Postings of IRS to National e-Assessment Centre (NeAC) and its Regional Centres (ReAC) due to e-assessment scheme 2019 With the e-assessment scheme 2019 kicking in from 12.09.2019, the various existing posts in various grades of Indian Revenue Services (IRS) are diverted to the newly created “National …
FCRA Registration-Affidavit must by each of office bearer and key functionary and member individually. Limit increased for articles gifted for personal use. MINISTRY OF HOME AFFAIRS NOTIFICATION New Delhi, the 16th September, 2019 G.S.R. 659(E).—In exercise of the powers conferred by section 48 of the Foreign Contribution (Regulation) …
Addition u/s 68 where return is filed under presumptive section 44AF deleted. Addition can not be made based on entries in bank statement ABCAUS Case Law Citation:ABCAUS 3150 (2019) (09) ITAT Important case law relied upon by the parties:CIT Bihar vs. Bihari Bros (P) Ltd Addition u/s …
