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CBDT exempts income of Chhattisgarh Building and Other Construction Workers’ Welfare Board MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) Notification No. 52/2019 New Delhi, the 4th July, 2019 S.O. 2378(E).—In exercise of the powers conferred by clause (46) of section 10 of the Income-tax …
Penalty u/s 271(1)(c) confirmed despite non specifying charge in the notice as assessee not raised it before CIT(A) and changed stand before ITAT ABCAUS Case Law Citation: ABCAUS 3050 (2019) (07) ITAT Important Case Laws Cited/relied upon by the parties: CIT v. Zoom Communication (P) Ltd. Sundaram Finance …
No Revision u/s 263 when assessment order was void and did not exist in law for not following procedure laid down by Supreme Court in GKN Drivesshaft ABCAUS Case Law Citation: ABCAUS 3049 (2019) (07) ITAT Important Case Laws Cited/relied upon by the parties: CIT Vs. VSNL (2012) …
Deity is a juristic person having status of individual, Tax rates/slabs as applicable to an individual would apply. Section 167B not applicable. ABCAUS Case Law Citation: ABCAUS 3048 (2019) (07) ITAT Important Case Laws Cited/relied upon by the parties: Official Trustee of West Bengal Vs. CIT (1974) 93 …
Partial discharge of bonds / bank guarantees submitted for import of gold in proportion to export made Circular No. 18/2019-Customs F.No. DGEP/G&J/22/2018Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Indirect Taxes & Customs(Directorate General of Export Promotion)****** New Delhi, Dated: 05th July, 2019 To,All Pr. Chief Commissioners/ …
Amendment proposed in GST Laws by Union Budget 2019-20 Amendments carried out in the Finance Bill, 2019 will come into effect from the date when the same will be notified, concurrently with the corresponding amendments to the Acts passed earlier by the States & Union territories with legislature. …
Key Highlights of Union Budget 2019-20. 10-point Vision for decade & towards 5 Trillion $ Economy The Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman made her maiden Budget Speech today and presented the Union Budget 2019-20 before the Parliament. The key highlights of Union Budget …
GST threshold for goods supplier to be enhanced from Rs. 20 lakhs to Rs. 40 lakhs GST processes further simplified; businesses with less than Rs. 5 crore annual turnover to file quarterly GST returns; threshold for goods supplier to be enhanced from Rs. 20 lakhs to Rs. …
Tax rates for individuals having taxable income from Rs. 2 cr – 5 cr and Rs. 5 cr & above to be increased by around 3 % and 7 % respectively due to increase in surcharge. Direct Tax revenue increases by over 78 % in FY2018-19 from …
Rationalizing the provisions of the Prohibition of Benami Property Transactions Act Prior approval of Approving Authority The existing provisions of section 23 of the Prohibition of Benami Property Transactions Act (‘the PBPT Act’) provide that the Initiating Officer, with the prior approval of the Approving Authority, shall conduct …
