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Desist addressing as ‘My Lord’ & ‘Your Lordship’: Rajasthan HC
RAJASTHAN HIGH COURT No.788Date- 15.07.2019NOTICETo honour the mandate of equality enshrined in the Construction of India, the full Court in its meeting dated 14.07.2019 has unanimously resolved to re...
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13 Central Labour Laws brought in ambit of New Code
Press Information BureauGovernment of IndiaCabinet10-July-2019 18:04 ISTCabinet approves Code on Occupational Safety, Health and Working Conditions Bill, 201913 Central Labour Laws brought in ambit of...
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Draft Model Tenancy Act, 2019
Press Information Bureau Government of IndiaMinistry of Housing and Urban Poverty Alleviation11-July-2019Model Tenancy Act (MTA) to Promote Growth of Rental Housing Segment by Regulating Renting of Pr...
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Exposure drafts of ASLB 21, ASLB 26 and ASLB 32
Exposure drafts of ASLB 21, ‘Impairment of Non-Cash Generating Assets’, ASLB 26, ‘Impairment of Cash Generating Assets’ and ASLB 32, ‘Service Concession Arrangements: Grantor’ – (12-07-2019) The Insti...
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How to create First Time Login ID on SSP Portal of ICAI with FAQs
User Manual for ‘First Time Login ID creation in SSP Portal for Existing Member for ICAI’ This User Manual is intended for already registered members who want to create a login ID on the new Self Serv...
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Impact of GST on Apparel Sector
GST rates for garments and made up articles is 5% of sale value not exceeding Rs. 1000 per piece and 12% for articles of sale value exceeding Rs. 1000 per piece. The GST rates are lesser than the pre-...
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Functionality to Process Paper & e-filed Income Tax returns- Reg.
ITBA-ITR Processing Module- Enablement of functionality for Processing of (1) Paper Returns for A.Y. 2018-19- (2) e-filed returns pushed by CPC to Assessing Officer-regardingITR ITBA Processing Instru...
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Payment of third Installment under Income Declaration Scheme, 2016
Issues in respect of payment of third installment under the Income Declaration Scheme, 2016- clarification on certain procedural issues under section 195 of the Income Disclosure Scheme, 2016 read wit...
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Procedural & technical issues on IDS, 2016 clarified
Clarification on certain procedural and technical issues regarding the Income Disclosure Scheme, 2016 (IDS) under section 119 of the Income-tax Act, 1961 read with section 195 of the IDS -reg.F.No.225...
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No proposal to extend last date for filing Income Tax Returns: Govt
Extension of last date for filing IT returnsGovernment has recently changed Form 16 and Form 24 Q to bring more disclosures. In order to enable pre-filling of return of income of salaried taxpayers, t...
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Cabinet approves Banning of Unregulated Deposit Schemes Bill, 2019
Cabinet approves the Banning of Unregulated Deposit Schemes Bill, 201, Bill to be introduced in ensuing session of ParliamentThe Union Cabinet, chaired by the Prime Minister Narendra Modi has approved...
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ICAI objects to reporting of sacked chairman of J&K Bank as CA by TOI & Amar Ujala
ICAI vide its letter dated 08th July 2019 objected to News Item titled ‘Parvez par aniyamittaon ka bhari bharkam bojh’ published in Amar Ujala, Jammu on June 10, 2019 and News Item titled ‘Sacking of...
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Initiatives to enhance technology back bone of Income Tax Department
The Government is continuously taking several initiatives to enhance the technology back bone of the Income Tax Department (ITD). ITD is having a dedicated directorate called ‘Directorate of System’ w...
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ITR 1, 2, 3, 4, 5, 6 & 7 for AY 2019-20 are available for e-Filing
Excel / Java Utility for ITR 1, ITR 2, ITR 3, ITR 4, ITR 5, ITR 6 & ITR 7 for AY 2019-20 / FY 2018-19 are available for e-Filing.Update on 08/07/2019All Income Tax Return Preparation Software for AY 2...
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Proposals Involving Change in Excise Duty Rate Though Notifications
1. Proposals Involving Changes In Export Duty RatesS.No. Export duty changesFromTo141EI tanned Leather15%Nil241Hides, skins and leathers, tanned and untanned, all sorts60%40%2. Proposals Involving Cha...
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Changes in Customs Tariff Act, 1975
Budget 2019 Amends Customs Tariff Act, 1975 & First Schedule 85. Amendment of Section 9In section 9 of the Customs Tariff Act, 1975 (hereinafter referred to as the Customs Tariff Act), section 9. afte...
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Key GST amendments: Budget 2019
1. A Proviso has been inserted to clarify that interest for late payment of tax shall be levied only on that portion of tax which has been paid by debiting the electronic cash ledger. Earlier there wa...
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Key Income Tax amendments: Budget 2019
1. The threshold limit for reduced tax rate of 25% in case of domestic companies has been increased from Rs. 250 crores to Rs. 400 crores. Thus, a domestic company whose total turnover or the gross re...
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Taxation of Start Ups in Budget 2019
1. Section 54GB : Investment of LTCG from Residential House Property in shares of Eligible Start-upAs per section 54GB, exemption to an Individual and HUF from the long-term capital gains arising from...
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Section 194M and TDS u/s 194C/194J
Section 194M providing relief from TDS u/s 194C/194J 1. Existing Provisions:Section 194C and Section 194J, an individual or HUF, who are not liable to tax audit under Section 44AB(a)/44AB(b), shall no...