• Income Tax

Penalty u/s 271(1)(c) deleted for depreciation claim on assets invoiced in other firm’s name

7 years ago

Penalty u/s 271(1)(c) deleted for claiming depreciation on assets for which invoices were raised by the vendor in the name…

  • Law and Justice

The Banning of Unregulated Deposit Schemes Act 2019 received assent of President on 31.07.2019

7 years ago

The Banning of Unregulated Deposit Schemes Act 2019 has received the assent of the President on the 31st July, 2019.…

  • Companies Act

The Companies (Amendment) Second Ordinance, 2019 – Key changes

7 years ago

President promulgates the Companies (Amendment) Second Ordinance 2019. Different financial year allowed to certain companies and re-categorisation of minor offences…

  • EPFO

EPF interest rate hiked to 8.65% from 8.55% for financial year 2018-19

7 years ago

EPF interest rate hiked to 8.65% from 8.55% on accumulations in the EPF Member’s Account for the year 2018-19  Press…

  • Companies Act

MCA Extends last date of filing initial return in MSME Form-I pending its deployment

7 years ago

MCA Extends last date of filing initial return in MSME Form-I pending its deployment. 30 days to be reckoned from…

  • Excise/Custom

Amendments to the All Industry Rates of Duty Drawback effective from 20.02.2019

7 years ago

Amendments to the All Industry Rates of Duty Drawback effective from 20.02.2019 Circular No 5/2019-Customs F. No. 609/4/2019-DBKGovernment of IndiaMinistry…

  • Income Tax

Vacancy allowance u/s 23(1)(c) allowable for house not let out due to reasonable cause or despite efforts

7 years ago

Vacancy allowance u/s 23(1)(c) allowable for property not let out due to reasonable cause or despite effort. Municipal rate substituted…

  • ICSI

ICSI submits representation to MCA to issue clarification on deployment of Form MSME-I

7 years ago

ICSI submits representation to MCA to issue a clarification on deployment of Form MSME-I in view of the deadline of…

  • Income Tax

When AO not submitted remand report, no adverse inference can be taken against assessee

7 years ago

When AO not submitted remand report, no adverse inference can be taken against assessee. The order of CIT-A was bizarre…

  • GST

Extension of due date for furnishing FORM GSTR-3B for the month of Jan 2019

7 years ago

Extension of due date for furnishing FORM GSTR-3B for the month of January, 2019 to 28.02.2019 for registered persons having…