List of audit firms approved for appointment as Statutory Central Auditors in 21 Public Sector Banks for the year 2018-19 Sl. No. Name of the Bank Statutory Central Auditors for the year 2018-19 1 Allahabad Bank 1. M/s Nandy Halder & Ganguli, Kolkata 2. M/s P L Tandon …

CBDT Circular on TDS from salaries during FY 2018-19 u/s 192. Important points to be considered by employers/DDOs  CBDT has issued circular no. 1/2019 dated 1st January, 2019 on income tax deduction from salaries during the financial year 2018-19 under section 192 of the Income-tax Act, 1961 As per …

CIT(A) direction to initiate fresh reassessment proceeding after deciding assessee’s objections set aside as reassessment was bad in law ABCAUS Case Law Citation: ABCAUS 2692 (2019) (01) HC Important Case Laws Cited/relied upon: Multiplex Trading & Industrial Co. Ltd. 170 (Delhi). G.K.N Driveshafts (India) Ltd. v. ITO: (2003) …

Procedure Formats and Standards for issue of Physical and e-PAN by Income Tax Department or Authorised PAN Service providers In pursuance of the amended Sub-rule (6) to rule 114 of Income Tax Rules, 1962 notified vide- notification G. S. R. No. 1128( E) dated 19.11.2018 the Principal Director …

Execution of sale deed by order of High Court would relate back to the date of original agreement to sale with benefit of cost indexation from said date ABCAUS Case Law Citation:ABCAUS 2692 (2019) (01) HC Important Case Laws Cited/relied upon:ACIT vs. Rajesh Jhaveri Stock Brokers Pvt. Ltd., …

Electronic sealing for deposit/ removal of goods from Customs bonded warehouses deferred Sine die. Custom Circular 19/2018-Customs dated 18th June, 2018, provided for RFID-sealing of goods deposited and removed from Custom Bonded Warehouses. The implementation of the said circular was last time deferred vide Circular No. 41/2018 to 1st …