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EPF contribution for women employee reduced to 8% in Budget Proposal 2018-19 presented by the Finance Minster. Details shall be updated as soon as the Budget Documents are made available
Income Tax Rule 8D is prospective in operation and could not apply to any assessment year prior to AY 2008-09 – Supreme Court settles the law ABCAUS Case Law Citation: ABCAUS 2188 (2018) (01) SC Important Case Laws Cited/relied upon by the parties: Commissioner of Wealth Tax, Meerut Vs. Sharvan Kumar Swarup & Sons, …
KSCAA registers protest on use of CA name in income tax refund scam. Press release of the Income tax had alleged CA as the accused in the scam Karnataka State Chartered Accountants Association (KSCAA) in a letter written to the Principal Chief Commissioner of Income Tax Bangalore, has …
Powers u/s 154 available for rectifying interest u/s 220 or 244 for miscalculation of interest which is, at best arithmetical error needing no elaborate or long drawn adjudication-High Court ABCAUS Case Law Citation: ABCAUS 2187 (2018) (01) HC Important Case Laws Cited/relied upon by the parties: Hindustan Lever …
The caste of a person is exempt from disclosure under RTI Act being falling within the definition of personal information – High Court ABCAUS Case Law Citation: ABCAUS 2186 (2018) (01) HC The Challenge/Grievance: The petitioner was aggrieved by the order passed by the Central Information Commission (the …
ICAI Awards for Excellence in Financial Reporting’ for the year 2016-17-AWARDEES FOR THE YEAR 2016-17 ICAI has declared awards for “Excellence in Financial Reporting’ for the year 2016-17”. As per the announcement of the Institute of Chartered Accountants of India, in deciding the eligibility of the participating enterprises …
Creditors not barred by limitation if liability acknowledged in accounts, creditors can rely on the said acknowledgment-High Court ABCAUS Case Law Citation: ABCAUS 2185 (2018) (01) HC Brief Facts of the Case: The assessee, during the course of the assessment proceedings had furnished details of the creditors. …
GST data reveals 50 percent increase in number of Indirect Taxpayers as per Economic Survey 2017-18. Bird’s-Eye View of the Indian Economy through the GST Economic Survey 2017-18 has revelaed that Maharashtra, Gujarat, Karnataka, Tamil Nadu & Telangana account for 70% of India’s exports India’s internal trade in …
Economic Survey 2017-18 draws Attention to 10 New Economic Facts on Indian Economy The Economic Survey 201-18 has been presented by the Union Finance Minister Shri Arun Jaitley in Parliament today. The Finance Minister has relied upon analysis of the new data to highlight ten new economic facts as under: Goods …
GST Compensation cess removed on used/second hand cars. Cess The Goods and Services Tax (GST) council, in its 25th meeting held on on January 18, 2018 reduced GST rates on used vehicles and compensation cess was completely removed on used/second hand cars. GOVERNMENT OF INDIA MINISTRY OF …
