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Abcaus

reopening reasons

Additional Charges in the grade of CCIT, Chennai, Madurai, Kolkata

administrator September 2, 2018 Income Tax
Additional Charges in the grade of CCIT, Chennai, Madurai, Kolkata F.No.  A-22011/2/2018-Ad.VI-(Part) Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes) North Block, New Delhi The 31st August , 2018 OFFICE ORDER NO. 145 OF 2018 The following officers in the grade of …
SBN disclosure requirement

SBN disclosure requirement not applicable to Financial Year 2017-18 and onwards – ICAI

administrator September 2, 2018 ICAI
SBN disclosure requirement not applicable to Financial Year 2017-18 and onwards in both Notes to Account and the Audit Report. ICAI Clarification The Ministry of Corporate Affairs (MCA) had issued Notification dated 30th March 2017 with reference to amendment in Schedule III of Companies Act, 2013 for disclosure …
income tax

Determination of fair market value for inventory of immovable property, jewellery etc. Rule 11UAB

administrator September 2, 2018 Income Tax
Rule 11UAB-Determination of fair market value for inventory of immovable property, jewellery, paintings, sculptures, work of art, shares securities etc. Ministry of Finance (Department of Revenue) Central Board of Direct Taxes Notification No. 42/2018 New Delhi, the 30th August, 2018 S.O. 4213(E).—In exercise of the powers conferred by …
PAN card Rule

Amendments in PAN Rule, New Application Forms 49A 49AA – Read CBDT Draft Notification

administrator August 31, 2018 Income Tax
Amendments in PAN Rule 114 and new application Forms 49A and Form 49AA making PAN compulsory for transactions of Rs. 250000 or more, Option of single mother as parent-Draft Notification F.No. 370142/40/2016-TPL (Part-I) Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes) ***** …
Banks open

Banks will remain open in first week of September 2018 except 3 Holidays – Clarification

administrator August 31, 2018 Finance Ministry
Banks will remain open in first week of September 2018 except 3 Holidays – Clarification Finance Ministry has clarified that Banks will remain open and banking activity will continue unimpeded in the first week of September 2018 Banks will only observe holidays on Sunday, 2nd September and second Saturday, 8th …
freezing bank account

DRI orders freezing bank account was without authority of law – High Court

administrator August 30, 2018 High Courts
DRI orders freezing bank account was without authority of law – High Court quashed order as no allegation was that amount was liable to be confiscated ABCAUS Case Law Citation: ABCAUS 2500 (2018) 08 HC Important Case Laws Cited/relied upon by the parties: Commissioner of Customs v. Euroasia …

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