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The Substantial reduction in mandatory documents required for import & export-CBEC The Central Board of Excise and Customs (CBEC) has reduced the mandatory documents for imports and exports. As per an advisory issued by the Board, the following changes have been implemented: 1. only three documents mandatory for general …
Cabinet approves Fugitive Economic Offenders Bill, 2018 Offences worth Rs.100 crore or more under the Bill Property of Fugitive Economic Offenders to be attached The Union Cabinet chaired by Prime Minister Shri Narendra Modi, has approved the proposal of the Ministry of Finance to introduce the Fugitive Economic Offenders Bill, …
Cabinet approves Establishment of National Financial Reporting Authority The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the proposal for establishment of National Financial Reporting Authority (NFRA) and creation of one post of Chairperson, three posts of full-time Members and one post of Secretary …
CBDT crosses milestone of 200 APA. With entering into 7 more Advance Pricing Agreements in February, 2018, the total number of APAs has gone up to 203. The Central Board of Direct Taxes (CBDT) entered into seven more Advance Pricing Agreements (APAs) during the month of February, 2018. …
TDS on testing and commissioning services deductible u/s 194C as contractual payments as not as fees for technical services u/s 194J-ITAT follows High Court decision ABCAUS Case Law Citation: ABCAUS 2228 (2018) (03) ITAT Important Case Laws Cited/relied upon by the parties Pr. CIT Vs. Bharat Heavy Electricals …
ICAI bans Delhi based CA for 1 year for misconduct of connivance in anti-dated stock invests & irregular share allotment which was upheld by the Delhi High Court The ICAI has notified the removal of the CA found guilty of other misconduct from the Register of Members for a period …
ICAI bans Ahmedabad based CA for 2 years for misconduct of gross negligence in performing his professional duties which was upheld by the Gujarat High Court The ICAI has notified the removal of the CA found guilty of misconduct from the Register of Members for a period of …
How to Track Refund application for IGST paid on account of Export of Goods. Different status types based on invoice data and recommended Action How to Track IGST Refund Status-FAQ 1. Can I track the status of my Refund Application? Yes, you can track the status by using …
Section 55A related to DVO reference not apply in a reverse case when value claimed by assessee exceeds the fair market value as determined by the AO-High Court ABCAUS Case Law Citation: ABCAUS 2227 (2018) (02) HC The appellant assessee had filed an appeal under Section 260-A of …
Exclusion of genetic disorders in insurance contracts is illegal and unconstitutional. IRDA directed to ensure that insurance companies do not reject such claims-High Court ABCAUS Case Law Citation: ABCAUS 2226 (2018) (02) HC The Respondent/Plaintiff (“Plaintiff‟) had taken a medi-claim insurance policy for himself along with his wife …