Author: administrator
CEO Government e Marketplace (GeM) notified u/s 138(1) (a)(ii) for the purposes of furnishing information by Income Tax Department Section 138 contains provisions for disclosure of information respecting assessee. As per the provisions, a person can make an application to the Income Tax Department in Form No. 46 …
All pending scrutiny assessment to be conducted only through e-Proceeding except for search cases CBDT has issued an Instruction (01/2018) making all pending scrutiny assessments mandatorily to be conducted only through the ‘E-Proceedings’. Sub-section (23C) of Section 2 of the Income-tax Act, 1961 (Act), applicable from 01.06.2016, provides …
CBEC circular clarifying various issues as approved by GST Council Central Board of Excise and Customs (CBEC) has issued a circular for clarification with regard to the following issues as approved by the GST Council in its 25th meeting held on 18th January 2018. S. No. Issue Clarification 1. …
Notice u/s 148 after four years by ACIT or DCIT requires sanction by CIT under the provisions of section 151(1) before amendment by Finance Act 2015 ABCAUS Case Law Citation: ABCAUS 2196 (2018) (02) HC Prelude: Before the substitution by the Finance Act, 2015, section 151(1) of the …
Superintendents of Central Tax shall also be empowered to issue show cause notices and orders under section 74 of the CGST Act. Section 73 of the Central Goods and Services Tax Act, 2017 (CGST Act) contains provisions with respect to demand and recovery of tax not paid or …
Out of disqualified directors majority of them were directors of struck off companies The Ministry of Corporate Affairs, in a press release issued today has revealed that out of 3,09,619 disqualified directors, 2,10,116 number of disqualified directors were directors on the Board of struck off companies The provisions …
Compliance of Labour Laws for contract labour employed in Railway especially for payment of minimum wages by Contractors Labour hired in various Railway departments Indian Railways executes a wide range of works for creation, repair and ·maintenance of its various assets including stations, coaches, wagons, coaching depots, locomotives, tracks …
RBI Cautions about Fake Websites in its Name. It contains a provision for “Bank verification with online account holders” which is with fraudulent intent Reserve Bank of India has cautioned general public that a fake website of the Bank has been created with the URL www.indiareserveban.org by some unknown person(s). …
Amendment to IBBI Fast Track Insolvency Resolution Process for Corporate Persons Regulations 2017 The Insolvency and Bankruptcy Board of India (IBBI) has amended the Insolvency and Bankruptcy Board of India (Fast Track Insolvency Resolution Process for Corporate Persons) Regulations, 2017 According to the Amendments, The Resolution Professional shall …
Income Tax Systems show pending refunds of Rs. 29000 crores approx In a recent communication issued by the Director of Income Tax (Systems), New Delhi, a sum of Rs. 28941.50 crores (for cases with refund greater than Rs. one crores) is showing as pending in the system. The data …