RBI permits banks to lend to InvITs subject to prescribed conditions which inter alia requires banks to have Board approved policy on exposures to InvITs RBI had allowed banks to invest in units of InvITs subject to the specified conditions. On representation by banks and other stakeholders seeking …

Companies (Meetings of Board and its Powers) Amendment Rules, 2019. MCA Notification GOVERNMENT OF INDIAMINISTRY OF CORPORATE AFFAIRS Notification New Delhi, the 11th October, 2019 G.S.R. __ (E).- In exercise of the powers conferred by sections 173, 177, 178 and section 186 read with section 469 of the …

Addition for Bogus creditors converted into cessation of liability as goods were defective and vendors had not shown amount as receivable proving that liability had ceased. ABCAUS Case Law Citation:ABCAUS 3171 (2019) (10) ITAT The appellant assessee was an individual and was engaged in the trading business. The …

Features of facility for making Payment on Voluntary Basis (Form GST DRC-03) on GST Portal Voluntary Payment through GST DRC-03 1. Making Voluntary Payment on GST Portal: A facility is given to taxpayers to make payment on voluntary basis, through Form GST DRC-03 (refer Rule 142(2) or 142(3) of the CGST …

CBIC Clarification on GST rates & classification of goods with respect to seven issues CBIC Clarification on GST rates & classification of goods Circular No. 113/32/2019-GST F.No.354/131/2019-TRUGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Indirect Taxes and CustomsTax Research Unit***** North Block, New DelhiDated, 11th October, 2019 …

Income Tax Return Statistics for Assessment Year 2018-19 released by CBDT. Read Key Trends Central Board of Direct Taxes has been releasing key statistics relating to direct tax collections and administration in public domain from time to time. In continuation of its efforts to place more and more …