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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 …
Rendering of Valuation Services without a Certificate of Registration under the Companies (Registered Valuers and Valuation) Rules, 2017 till 30th September, 2018 In exercise of the powers conferred by section 247 read with sections 458, 459 and 469 of the Companies Act, 2013 (18 of 2013), the Central …
Smooth roll out of e-Way Bill system from 1st April, 2018 In a press release issued today, the Government has claimed that e-way bill systems which became effective from 1st April, 2018 has sailed smoothly. The Govt. has relied on statistics of e-way bills generated and taxpayers registered on …
ITRs filed increase during FY 2017-18 as compared to ITRs filed during FY 2016-17. Also, number of new ITR filers have also increased Provisional Direct Tax Collections and Number of Income Tax Returns filed for FY 2017-2018 The provisional figures of Direct Tax collections for FY 2017-18 show …
New GST Tools and facilities for taxpayers. Taxpayers have now been provided with a facility to offset their outstanding demands, entered in Form GST DRC-07 by tax official, with the credit/cash as available with them in ITC/Cash Ledgers. Taxpayers can now declare their opening stock and related ITC …
