For rectification of wrong penalty section no notice u/s 154(3) was required to assessee as he was aware of offence and could not controvert the findings recorded – Allahabad High Court ABCAUS Case Law Citation:ABCAUS 2271 (2018) (04) abcaus.in HC The instant petition was filed under Article 226 …

CBDT constitutes working group on High Net Worth Individuals-HNWI. They may migrate to other countries and treat themselves non-residents for tax purposes  High-net-worth individual (HNWI) is a term used by some segments of the financial services industry to designate persons with investible assets exceeding a given amount. World wide, …

ICAI FAQs on Ind AS-103-Business Combinations, Education Material by the Ind AS Implementation Group The Ind AS Implementation Group of ICAI has come out with an Educational Material on Ind AS-103, Business Combinations. The said education material  is in the form of Frequently Asked Questions (FAQs) which explains …

Taxpayers to be provided facility to complete filing TRAN-1 where it could not be filed due to IT glitches at GST portal. Filing to be completed for TRAN-1 by 30-04-2018 & for GSTR 3B by 31-05-2018 Circular No. 39/13/2018-GST F. No. 267/7/2018-CX.8 Government of India Ministry of Finance Department of …

ICSI should keep uniformity in awarding the punishment for professional misconduct in the interest of justice-Appellate Authority reduces punishment ABCAUS Case Law Citation: ABCAUS 2270 (2018) (04) AA The appellant in the instant case was a practicing company secretary who was aggrieved of the order passed by the …

Companies exempted from the applicability  of AS-22 and AS-12-MCA Notification MCA Vide Notification No. S.O. 529(E) dated 5th February, 2018, had directed that with effect from the 1st April, 2017, the provisions of Accounting Standard 22 or Indian Accounting Standard 12 relating to deferred tax asset or deferred tax liability …