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CBDT further extends time to link PAN with Aadhaar to 30th June 2018. Section 139AA requires quoting of Aadhaar number for filing of income tax returns. F.No.225/270/2017/ITA.II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North-Block, ITA.II Division New Delhi, dated the 30th …
1st July 2018 to be celebrated as ‘GST day’, to commemorate the first year of the unprecedented reform of Indian taxation GST is a fitting tribute to spirit of cooperative federalism as all decisions in the 27 meetings of GST Council taken by consensus GST – ‘ONE NATION, …
Shri S. Ramesh takes over as Chairman, Central Board of Indirect Taxes and Customs Shri S. Ramesh, IRS (C&CE:1981) has taken over as Chairman, Central Board of Indirect Taxes and Customs , on superannuation of Smt. Vanaja N. Sarna today . Prior to his elevation, he was Member …
Its easy to file Income Tax Return in Form No. ITR-1 SAHAJ. Income Tax Department asks taxpayers not to wait till 31st July to file their return of income. Its easy to file Income Tax Return in Form No. 1 SAHAJ Income Tax Department has issued an advisory …
RBI enforcement action framework for debarring statutory bank auditors for lapses in audit of commercial banks-Salient Features and Procedures As per Press Release issued in this regard, RBI has stated that Statutory Auditors (SAs) of banks play an important role in contributing to financial stability when they deliver quality …
Assumption that all deposits in Swiss Banks are black money is history. Ex Finance Minister defends Modi Government on the news of 50 % increase in Indian deposits in Swiss banks. Interestingly, the black money abroad was one of the election agenda of the BJP and bringing back …
GST on Priority Sector Lending Certificate (PSLC) to be under Reverse Charge Mechanism (RCM). GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) Notification No. 11/2018-Central Tax (Rate) New Delhi, the May 28th 2018 G.S.R. (E).- In exercise of the powers conferred by sub-section (3) of section 9 …
GST Reverse Charge mechanism deferred till 30th September 2018 The GST Reverse Charge was deferred to 30th June by the notification dated 23-03-2018. As per news appearing in media, it was informed that the GST Implementation Committee (GIC), headed by the Revenue Secretary, had decided to keep in abeyance the …
Mandatory KYC of directors for DINs and fine-MCA Notifications As per MCA advisory for updating its registry, MCA would be conducting KYC of all Directors of all companies annually through a new eform viz. DIR-3 KYC which shall be notified and deployed shortly. Accordingly, every Director who has been allotted DIN on …
No disallowance u/s 40(a)(ia) when TDS deposited within extended time for ITR filing. Even otherwise over a period of two years effect is revenue neutral ABCAUS Case Law Citation: ABCAUS 2388 (2018) 06 ITAT The instant appeal was filed by the Revenue against the order of the Commissioner …