Author: administrator
If accounts are audited AO has to explain the rejection of profit with sufficient clarity. When there are audited accounts of an entity and the calculation of the GP ratios hinges upon their analysis, the AO should not lightly undertake an exercise that would amount to negating those …
Limitation period for revision Petition 264 starts with service of intimation u/s 143(1) and not from the date when assessee comes to know about the processing of the return – High Court The expression ‘the date on which he otherwise came to know of it’ as per section …
Rejection of technical bid due to curable defect of missing notary stamp on some of the tender documents held as untenable and bad in law. The Bidder acted in a capricious manner resulting in discrimination. Delhi High Court ABCAUS Case Law Citation: ABCAUS 2009 (2017) (07) HC The …
Amended Rules for Shifting of companies registered office within state or from from one state to another. Companies Incorporation 2nd Amendment Rules 2017. Intimation to Chief Secretary of the State/UT now mandatory. GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, 27th Juty, 2017 G.S.R… (E)- In exercise …
Exporter eligible for refund of Compensation Cess paid on goods exported on similar lines as refund of IGST under section 16(3) (b) of the IGST, 2017 Circular No.1 /1/2017-Compensation Cess F.No.354/136/2017-TRU Government of India Ministry of Finance Department of Revenue (Tax Research Unit) ***** New Delhi, Dated 26th …
Allowable investments by NRIs as FDI and on stock exchange as per Foreign Exchange Management Regulations. Statistics for last three years Press Information Bureau Government of India Ministry of Finance 28-July-2017 15:42 IST Investments by NRIs as FDI and in stock changes Non-Resident Indians (NRIs) can invest in …
RTI can create hindrance in free advice by civil servants who may not feel free apprehending that later it may become public – Finance Minister Press Information Bureau Government of India Ministry of Finance 28-July-2017 20:27 IST The Union Minister of Finance, Defence and Corporate Affairs, Shri Arun …
GST on bottled water. For sale of bottled water on same rate post GST, sticker of revised lower MRP may be affixed which shall not cover MRP declaration by manufacturer Press Information Bureau Government of India Ministry of Consumer Affairs, Food & Public Distribution 28-July-2017 17:14 IST Sale …
GST-Due date for applying cancellation of registrationby a person registered under any of the existing laws, who is not liable to be registered under GST laws, extended to 30-09-2017. Central Government notifies Central Goods and Services Tax (Fourth Amendment) Rules 2017 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL …
ICAI notifies removal of CA name from members register for 8 years. Delhi based CA was held guilty of misconduct by Council and Delhi High Court THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA (Set up under an Act of Parliament) NOTIFICATION New Delhi, the 10th July, 2017 (CHARTERED …