Month: December 2019
Income Tax Department conducts search & survey operations on Share Brokers/Traders across India On 3rd December 2019, the Income Tax Department carried out search and survey operations on certain share-brokers/traders who were involved in facilitating accommodation of profits/loss through reversal trades in illiquid stock optionsin Equity Derivative Segment and …
Nationwide GST Stakeholder Feedback Diwas for New GST Returns to be observed tomorrow The Central GST and State GST authorities have organized a nationwide GST Stakeholder Feedback Diwas on New GST Returns on 7th December 2019 for getting an on-the-spot response to the new GST Returns to be introduced …
CBIC withdraws circular giving clarifications on doubts on supply of ITeS services under GST Circular No. 127/46/2019 – GST F. No. CBEC – 20/06/03/2019 – GSTGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Indirect Taxes and CustomsGST Policy Wing****** New Delhi, the 4th December, 2019 ToThe Pr. …
CBDT e-journal “Taxalogue” (Vol.I) Issue-2, Oct-Dec 2019. Directorate of Legal & Research, Income Tax Department has released its e-journal “Taxalogue” (Vol.I) Issue-2, Oct-Dec 2019. The first edition of the e-journal was released on the Income Tax Day, 24th July 2019. As stated, the mission of the Taxalogue publication …
Issuance of notice on wrong address not confers right on the Assessing Officer to get the notice served u/s 143(2) by way of affixation ABCAUS Case Law Citation:ABCAUS 3192 (2019) (11) ITAT Important case law relied upon by the parties:CIT vs. Madhsy Films P. Ltd. 301 ITR 69 …
Higher rate of depreciation allowable on crane. So long as crane is registered under the Motor Vehicles Act, it is a motor vehicle. ABCAUS Case Law Citation:ABCAUS 3191 (2019) (11) ITAT Important case law relied upon by the parties:CIT Vs. Gaylord Constructions Gujco Carriers Vs. CIT 122 taxman …
Framing of rules with respect of Fund Manager Regime under section 9A of the Income-tax Act, 1961-Draft notification for inputs from stakeholders and the general public F No 142/15/2015-TPLGovernment of India Ministry of Finance Department of RevenueCentral Board of Direct Taxes****** New Delhi, 5th December, 2019 Subject: Framing …
Patent Prosecution Highway (PPH) for Applicants to request expedited examination by a prescribed procedure A Bilateral Patent Prosecution Highway (PPH) pilot program has commenced between the Indian Patent Office (IPO) and the Japan Patent Office (JPO). The guidelines in this regard have been published on the website of …
ICSI to do KYC of Council Members / Members of the Regional Council & Members of the Managing Committee of its Chapters ICSI has taken some important decisions in its Council meeting held on 17th November 2019. The Council inter alia decided to do KYC of all the …
Calculation of period of 3/6 months for appeal to GSTAT & Commissioner’s powers to direct appeal MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) Order No. 09/2019-Central Tax New Delhi, the 3rd December, 2019 S.O. 4340(E).––WHEREAS, sub-section (1) of section 112 of the Central Goods …
