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ICAI Annual Membership Fee Payment and GST Credit-ICAI can not raise invoice in partnership firms name. It can accept GSTIN nos of proprietorship firms only As per the latetst communication from the Indirect Taxes Committee of ICAI , the committee has considered the request raised by the Chartered …
Unspent amount of donations shown as current liabilities not income if received with stipulation to their use by the Charitable Trust-High Court ABCAUS Case Law Citation ABCAUS 2377 (2018) 06 HC The instant appeal was filed by the Revenue u/s 260-A of the Income Tax Act 1961against the …
Companies Accounting Standards Amendment Rules 2018-AS-11. Disposal of a Non-integral Foreign Operation by repatriation of accumulated profits not form part of a disposal unless constitutes return of the investment Ministry of Corporate Affairs NOTIFICATION New Delhi, the 18th June, 2018 G.S.R...…. (E).-
ICAI bans CA guilty of professional misconduct, removes name from the Register of Members for one year for non exercising due diligence/grossly negligent THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA (Set up by an Act of Parliament) NOTIFICATION New Delhi, the 15th June, 2018 (CHARTERED ACCOUNTANTS) No. PR-52/10-DD-72/10/DC/315/2014.—In …
NCLT has no power to direct deposit as precondition for hearing appeal. No jurisdiction to dismiss appeal itself for failure to make deposit against condition of stay-SC ABCAUS Case Law Citation ABCAUS 2376 (2018) 06 SC The appellant partnership firm participated in two tenders and it was L-II …
Electronic sealing-deposit in and removal of goods from customs bonded Warehouses. Data elements and procedure to be used under Warehousing Regulations Circular No. 19 I 2018- Customs F.No: 484/3/2015- LC (Vol II) Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes & Customs …
Date of transfer of immovable property is when sale deed is executed and not when it is recorded by the Registrar. ITAT deletes addition u/s 56(2)(vii)(b) The instant appeals were filed by the assessee against the order of the CIT(A) confirming the action of assessing officer (AO) in …
Orders u/s 234E not appealable before CIT(A). Department not obliged to serve the order separately upon the assessee when available online – ITAT The instant appeals were filed by the assessee against the order of the CIT(A) confirming the order imposing late fees under section 234E of the …
Penalty 271B treating cash deposits in bank as turnover u/s 44AB upheld by Tribunal when assessee could not explain source of deposit in bank accounts The instant appeals were filed by the assessee against the order of the CIT(A) confirming the penalty levied under section 271B of the …
Disallowance 40(A)(3) for cash payment deleted when payee was new. When genuiness of payment not doubted there was every possibility that party refused to cheques / Demand draft – ITAT ABCAUS Case Law Citation ABCAUS 2372 (2018) 06 ITAT During the course of the assessment proceedings, the Assessing …
