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 …

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 …

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 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 …

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 …

Three GST amendment Acts of 2018 passed by the Parliament receive assent of the President The following three GST related Act passed by the Parliament have received the assent of the President on the 29th August, 2018 Goods and Services Tax (Compensation to States) Amendment Act, 2018 Download …