Total Expense Ratio and Performance Disclosure for  Mutual Funds – SEBI Direction to bring transparency, reduce portfolio churning and mis-selling in MF schemes Securities and Exchange Board of India CIRCULAR SEBI/HO/IMD/DF2/CIR/P/2018/137 October 22, 2018 All Mutual Funds (MFs)/ Asset Management Companies (AMCs)/ Trustee Companies/ Boards of Trustees of …

Income Tax Notice served on security guard at factory held validly and properly served under the provisions of Section 282(2) of the Income Tax Act, 1961-High Court Supreme Court has dismissed the SLP Filed by the assessee against the judgment of the High Court  (ABCAUS 2388 (2018) (10) SC) Read …

Supreme Court bans fire crackers except green crackers or crackers with reduced emission. Joined firecrackers, series crackers or laris also banned. e-commerce websites, including Flipkart, Amazon etc., also banned from online sales ABCAUS Case Law Citation: ABCAUS 2587 (2018) (10) SC The judgment was made in a Writ Petition …

Exemption from IGST Registration to Handicraft Dealers and persons making inter-State taxable supplies of the products made by the craftsmen predominantly by hand even though some machinery may also be used Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes and Customs Notification No. 3/2018 …

No Prosecution for not seeding Aadhaar with UAN database of EPFO. Letter issued by EPFO in view of the Hon’ble Supreme Court’s judgment on AADHAAR The Central Government had issued direction to EPFO under para 78(1) of the Employee’s Provident Fund Scheme, 1952 to issue order making submission …

Appellate Authority quashes misconduct order against two chartered accountants who were held guilty on the basis of sting operation by Aaj Tak News Channel as “Jugadu Mechanic Part-3” on black money conversion. Serious concerns was expressed over the casual and careless manner in which these matters were decided by …