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CBDT constitutes working group on High Net Worth Individuals-HNWI. They may migrate to other countries and treat themselves non-residents for tax purposes High-net-worth individual (HNWI) is a term used by some segments of the financial services industry to designate persons with investible assets exceeding a given amount. World wide, …
ICAI FAQs on Ind AS-103-Business Combinations, Education Material by the Ind AS Implementation Group The Ind AS Implementation Group of ICAI has come out with an Educational Material on Ind AS-103, Business Combinations. The said education material is in the form of Frequently Asked Questions (FAQs) which explains …
Taxpayers to be provided facility to complete filing TRAN-1 where it could not be filed due to IT glitches at GST portal. Filing to be completed for TRAN-1 by 30-04-2018 & for GSTR 3B by 31-05-2018 Circular No. 39/13/2018-GST F. No. 267/7/2018-CX.8 Government of India Ministry of Finance Department of …
ICSI should keep uniformity in awarding the punishment for professional misconduct in the interest of justice-Appellate Authority reduces punishment ABCAUS Case Law Citation: ABCAUS 2270 (2018) (04) AA The appellant in the instant case was a practicing company secretary who was aggrieved of the order passed by the …
Companies exempted from the applicability of AS-22 and AS-12-MCA Notification MCA Vide Notification No. S.O. 529(E) dated 5th February, 2018, had directed that with effect from the 1st April, 2017, the provisions of Accounting Standard 22 or Indian Accounting Standard 12 relating to deferred tax asset or deferred tax liability …
Verification of demonetized data till 30-06-2018-CBDT. In its Central Action Plan (CAP) for the First Quarter i.e. (April, 2018 to June, 2018), CBDT has specified verification of Non-PAN/demonetized data/other high value data as Key Result Areas (KRA). As per CAP, 100% verification of data pending as on 01.04.2018 (including demonetization …
CBDT entered into 14 Unilateral APA and 2 Bilateral APA during the month of March, 2018. Total number of APAs entered into by the CBDT has gone up to 219 Indian Advance Pricing Agreement regime moves forward with the signing of 16 APAs by CBDT in March, 2018 …
Payments by Prasar Bharati to advertising agency liable to TDS as commission u/s 194H. Section 201 rightly invoked for failure to deduct Tax-Supreme Court ABCAUS Case Law Citation: ABCAUS 2269 (2018) (04) SC Important Case Laws Cited/relied upon by the parties Jagran Prakashan Ltd vs. Deputy Commissioner of …
PrCIT directed to resolve deposit of TDS into wrong TAN along with Principal Secretary. Income Tax Department directed to release the attached bank account ABCAUS Case Law Citation: ABCAUS 2268 (2018) (04) HC A Government Department (The Petitioner) had filed the instant writ petition against the action of …
Report of the Insolvency Law Committee-Recommendations on the implementation of the Insolvency and Bankruptcy Code 2016 REPORT OF THE INSOLVENCY LAW COMMITTEE The provisions relating to corporate insolvency in the Code came into effect on 1 December, 2016 and has completed a little more than one year in …
