-
Re-designation of nomenclature of posts of Member CBDT and revision in their Jurisdiction
Office Order No. 197 of 2019 – Re-designation of the nomenclature of the posts of Member CBDT and revision in their Jurisdiction – reg.F. No.A-35015/7/2012-Ad.VIGovernment of IndiaMinistry of FinanceD...
-
Relaxation of time-Compounding of Offences under Direct Tax Laws-One-time measure-Reg
Circular No. 25/2019F.No.285/08/2014-IT(Inv. V)/350Government of IndiaMinistry of FinanceDepartment of Revenue(Central Board of Direct Taxes)***Room No. 515, 5th Floor, C-Block, Dr. Shyama Prasad Mukh...
-
Procedure to identify & process Income Tax cases for prosecution
Circular No. 24/2019F.No.285/08/2014-IT(Inv. V)/349Government of IndiaMinistry of FinanceDepartment of Revenue(Central Board of Direct Taxes)*******Room No. 515, 5th floor, C-Block,Dr. Shyama Prasad M...
-
Synthesized text of the MLI and the India Serbia DTAA
SYNTHESISED TEXTOF THE MULTILATERAL CONVENTION TO IMPLEMENT TAX TREATYRELATED MEASURES TO PREVENT BASE EROSION AND PROFIT SHIFTINGANDTHE CONVENTIONBETWEENTHE GOVERNMENT OF THE REPUBLIC OF INDIAANDTHE...
-
Advisory on Auditor’s Reporting on Section 197(16) of Companies Act, 2013
The Institute of Chartered Accountants of India1 Section 197(16) of the Companies Act, 2013 requires as under:‘The auditor of the company shall, in his report under section 143, make a statement as to...
-
MCA to release revised AoC-4 Non-XBRL form
The Central Government has made further amendments to Schedule III to the Companies Act, 2013 vide Notification dated 11th October 2018. As per the said notification, Division III has been inserted in...
-
Appeal filing limit not applies to cases of Bogus LTCG/STCG
Circular No. 23 of 2019F. No. 279/Misc./M-93/2018-ITJ(Pt.)Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board Direct TaxesJudicial SectionNew Delhi, 6th September 2019Subject: -Ex...
-
CBDT revise forms and rules of Approval of Application U/s. 80G & 10(23C)
Notification No. 60/2019-Income Tax- CBDT amends rules 2C and 2CA related to Application for the purpose of grant of approval for the exemption under sub-clause (iv), sub-clause (v), sub-clause (vi) a...
-
Investor Education and Protection Fund (IEPF) Rules amended
MCA has amended the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016 vide notification dated August 14, 2019. The amendments proposed are effective...
-
MCA amends rules related to DVR shares & creation of DRR
MCA has amended the Companies (Share Capital and Debentures) Rules, 2014 w.e.f. 16th August, 2019. Key highlights of the amended rules are as follows:1.Changes in conditions of issue of equity shares...
-
Commencement of various provisions of the Companies (Amendment) Act, 2019
MCA has enforced the following provisions of the Companies (Amendment) Act, 2019 effective from 15th August, 2019:Section No. of the Amendment ActCorresponding section of the Companies Act, 2013Amendm...
-
New Incorporation process for Section 8 Companies kicks in from August 15, 2019
MCA vide Companies (Incorporation) Sixth Amendment Rules, 2019 dated 7th June, 2019 has dispensed the requirement of prior filing of Form INC-12 for new section-8 companies with effect from August 15,...
-
National Financial Reporting Authority (Amendment) Rules, 2019
MCA amends National Financial Reporting Authority Rules, 2018 vide National Financial Reporting Authority (Amendment) Rules, 2019 and prescribed that Auditor Shall File Form NFRA-2 by 30th November ev...
-
ICSI Request for inclusion of CS in Definition of “Accountant”
THE INSTITUTE OFCompany Secretaries of IndiaIN PURSUIT OF PROFESSIONAL EXCELLENCEStatutory body under an Act of Parliament(Under the Jurisdiction of Ministry of Corporate Affairs)CS Ranjeet PandeyPRES...
-
CBDT enters into 26APAs during current Financial Year
Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesNew Delhi, 4th September, 2019PRESS RELEASE CBDT enters into 26APAs during the current Financial YearThe Central...
-
Approval of CIT (Intl. Taxation) not required for certificates U/s. 197/195 if revenue effect is less than Rs. 10 crore
I it has been decided to raise threshold of revenue effect for issue of certificates under section 197/195 needing approval of the Commissioner of Income Tax (Intl. Taxation) to Rs. 10 Crore. This thr...
-
Steering Committee on Fintech related issues submits its Final Report to FM
Steering Committee on Fintech related issues submits its Final Report to Finance MinisterThe Steering Committee on Fintech related issues constituted by the Ministry of Finance, Department of Economic...
-
Multipurpose Empanelment Form (MEF) for year 2019-20
Dear Professional Colleague,Greetings from PDC !!!We are happy to inform that Multipurpose Empanelment Form for the year 2019-20 is live at www.meficai.org.The last date for submission of online MEF F...
-
Steering Committee on Fintech related issues submits its Final Report to FM
Steering Committee on Fintech related issues submits its Final Report to Finance MinisterThe Steering Committee on Fintech related issues constituted by the Ministry of Finance, Department of Economic...
-
CBI arrests an Appraising Officer of Customs in a bribery case
The Central Bureau of Investigation has arrested an Appraising officer, Duty Drawback Section, Air Cargo Complex, Mumbai for demanding and accepting a bribe of Rs.10,000/- from the complainant.A case...