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Govt notifies Part I, IV, VI & VII of Chapter VI of Finance Act, 2019
Government hereby appoints the 9th day of August, 2019, as the date on which the provisions of Part I, IV, VI & VII of Chapter VI of the Finance (No. 2) Act, 2019 (23 of 2019), shall come into force.P...
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Govt repeals 58 Act and amends 2 Acts (Amends section 54GA of Income Tax Act, 1961)
MINISTRY OF LAW AND JUSTICE(Legislative Department)New Delhi, the 8th August, 2019The following Act of Parliament received the assent of the President on the 8th August, 2019, and is hereby published...
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The Companies (Amendment) Act, 2019
In order to review the existing provisions of the Companies Act, 2013 dealing with the offences and to make recommendations to promote better corporate compliance, the Government of India constituted...
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Last date for filing of Return in respect of declaration of SBO extended upto 30th September
MCA received several representations regarding extension of the last date for filing of e-Form No. BEN-2 (Return to the Registrar in respect of declaration of SBO) without additional fees. The matter...
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Draft Accounting Standards for Local Bodies (ASLBs) 13, ‘Leases’
Exposure Draft of the Accounting Standards for Local Bodies (ASLBs) 13, ‘Leases’ for public commentsICAI/TD/CPF&ASLB/2019-20 , Dated: August 8, 2019Dear Sir/Madam, Sub: Exposure Draft of the Accountin...
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Fake invoices case with wrongful ITC availment of Rs. 39 Crore
Detection of fake invoices case with wrongful availment of Rs. 39 Crore Input Tax Credit and Rs 350 crore taxable value involving multiple fake/bogus firms.In a joint operation of Anti Evasion Wing an...
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19 FAQs on filling of ITR forms for Assessment Year 2019-20
Circular No. 18 of 2019F.No. 370142/1/2019-TPL (Pt-1)Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxes(TPL Division)***Dated: 8th August, 2019Clarification in re...
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CBDT Enhances Monetary limits for filing of Income Tax appeals
Circular No. 17/2019F. No. 279/Misc. 142/2007-ITJ(Pt.)Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board Direct TaxesJudicial SectionNew Delhi, 8th August 2019Subject: – Further...
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ICSI Requests 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...
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Migration of OLTAS functions to Income Tax Business Application-Reg.
ITBA-OLTAS Instruction No. 1DIRECTORATE OF INCOME TAX (SYSTEM)ARA Center, Ground Floor, E-2, Jhandewalan ExtensionNew Delhi – 110055F.No Pr DGIT(S)/ADG(S)2/Sign ff-OLTAS ITBA/173/2017Dated: 07.08.2019...
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Launch of Income Tax Business Application– Refund Banker Module
ITBA- Refund Banker Instruction No.1DIRECTORATE OF INCOME TAX (SYSTEM)ARA Center, Ground Floor, E-2, Jhandewalan Extension,R – 110055, New Delhi — 110055F.No Pr DGIT(S)/ADG(S)2/Sign ff-OLTAS ITBA/173/...
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IBBI prescribes CPE requirement for IP Professionals
Insolvency and Bankruptcy Board of India6th August, 2019Insolvency and Bankruptcy Board of India (Continuing Professional Education for Insolvency Professionals) Guidelines, 20191. Short title and com...
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CCI imposes penalty on SAAR IT Resources Private Limited and others
Press Information BureauGovernment of IndiaMinistry of Corporate AffairsDated: 05-August-2019Competition Commission of India imposes penalty on SAAR IT Resources Private Limited and othersCompetition...
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Sufficient Company Secretaries available to serve Corporate India: ICSI
THE INSTITUTE OF Company Secretaries of IndiaIN PURSUIT OF PROFESSIONAL EXCELLENCE Statutory body under an Act of ParliamentMCA/PD:20198th July, 2019Shri Injeti Srinivas, IASSecretaryMinistry of Corpo...
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Processing of I.T. returns with refund beyond prescribed time limits in non-scrutiny cases
F. No.225/194/2019/ITA-IIGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesNorth Block, the 5th August, 2019Order under section 119 of the Income-tax Act,1961Subj...
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Insolvency and Bankruptcy Board of India
CBDT reduces tax collection targets by Rs. 45K crore for FY 2019-20 F.No. 380/03/2019-IT(B)Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesNorth Block, New Delh...
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New Functionality on Form GST ITC-04 and for GST Practitioners
A. FORM GST ITC-04To furnish details of the goods/ capital goods sent to job worker and received back or supplied from the premises of the job worker.The format of the GST ITC-04, as amended vide Noti...
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CBDT notifies Bangalore Water Supply and Sewerage Board for exemption U/s. 10(46)
of Income Tax Act, 1961 vide Notification No. 56/2019 dated 2nd August, 2019.MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES)Notification No. 56/2019New Delhi, the 2nd August,...
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Parliament passes Unlawful Activities (Prevention) Amendment Bill, 2019
Ministry of Home AffairsParliament passes the Unlawful Activities (Prevention) Amendment Bill, 2019A tough law is required to uproot terrorism from India and Our Government would always support that:...
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Proposed Penalties under Motor Vehicles (Amendment) Bill, 2019
Press Information Bureau Government of IndiaMinistry of Road Transport & Highways31-July-2019 21:05 ISTRajya Sabha passes Motor Vehicles (Amendment) Bill 2019 Shri Gadkari says the Bill will provide a...