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Electoral Bond Sale at authorised four branches of SBI. First sale to start from 1st March 2018 for 10 days up to 10th March 2018. The Government of India has notified the Electoral Bond Scheme 2018 vide Gazette Notification S.O. No.29 (E) dated 02nd January 2018. As per provisions …
Improved GSTR-3B Return Filing Process is easier and user friendly Filing of GSTR 3B Return made easier and user friendly. Optimum utilization of ITC is displayed by System, which however can be edited. The amount to be paid in cash after taking into account ITC, gets displayed. One …
Lease equalization charges are deductible in computing book profit. Provisions for NPA are also not need to be added back-High Court ABCAUS Case Law Citation: ABCAUS 2216 (2018) (02) HC The Challenge/Grievance: The case law involves the appeal filed by the Income Tax Department (Revenue) against the order …
Activities of animal care is advancement of object of general public utility. Society was entitled to benefit of Section 80G as amount spent was less than Rs. 10 lacs – High Court ABCAUS Case Law Citation: ABCAUS 2215 (2018) (02) HC The Challenge/Grievance: The case law involves the …
ICAI removes Varanasi based CA name from register of members being found guilty of misconduct. The High Court held the CA guilty of taking delivery of shares by fake authority letter and disposing them off. The Hon’ble High Court of Allahabad in pursuance of Section 21(6)(c) of the Chartered Accountants …
Validity of income tax notice served on authorised representative upheld by Supreme Court as there was sufficient material to draw inference of deemed service ABCAUS Case Law Citation: ABCAUS 2214 (2018) (02) SC The respondent assessee was Proprietor of a Petrol Pump and was regularly assessed to the …
Amendment to various Companies Rules of 2014. Ministry of Corporate Affairs have amended the following Rules: Rules Changes Notification Companies (Audit and Auditors) Rules, 2018 Substitution of following forms: (a) Form ADT-1. Notice to Registrar fir auditors appointment, and (b) Form ADT-2. Application for removal of auditor before expiry …
Expert Committee to look into role of various audits conducted in banks to check divergence in asset classification, provisioning and frauds Reserve Bank of India (RBI) in press release issued has stated that in view of large divergences observed in asset classification and provisioning in the credit portfolio of banks …
FAQs related to IGST Refund-Common Error codes and Rectification Procedures F. No. 450/ 119120 17-Cus IV Government of India Ministry of Finance Department of Revenue (Central Board of Excise & Custom) New Delhi. Dated 15th February, 2018 To All Principal Chief Commissioners of Customs. All Chief Commissioners of …
No service tax on free materials supplied by service recipients in Construction projects. Value of such goods not included in computation of gross amount under Notification No. 15/2004-ST-Supreme Court ABCAUS Case Law Citation: ABCAUS 2213 (2018) (02) SC In construction projects the builder assessees not only render services but …
