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Taxation of Digital Businesses
The Government has not held any consultation regarding taxation of digital businesses as such. However, to address the challenges posed by the enterprises who conduct their business through digital me...
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Using Information Available at IU Platform for External Confirmations
Announcement For The Attention Of The MembersUsing Information Available at Information Utility (IU) Platform for External Confirmations1. Standards on Auditing (SAs) recognize the importance of ‘Exte...
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3rd Corrigendum to Income Tax Circular No. 1/2019 Dated.01.01.2019
CORRIGENDUMDated 8th February, 2019F.No.275/192/2018-IT(B)Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesNew Delhi** ** **CORRIGENDUM TO CIRCULAR NO.1 OF 2019...
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Income Tax Refund and Return filed during last 3 Financial Years
The level of income-tax compliance has continuously increased over the last three Financial Years, which is reflected in the number of Income-Tax Returns filed over this period, as given hereunder: –S...
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CBDT denies charges of angel Tax Recovery from Travel Khana
Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesNew Delhi, 8th February, 2019PRESS RELEASENote on Recovery of Tax in the case of Travel KhanaIt has come to the...
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Ind AS Technical Facilitation Group Clarification Bulletin 18
Ind AS Technical Facilitation Group’ (ITFG) of Ind AS Implementation Group has been constituted for providing clarifications on timely basis on various issues related to the applicability and /or impl...
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ICAI to conduct Disciplinary proceedings through e-Hearings
ICAI PRESS RELEASEConducting of Disciplinary proceedings through e-HearingsThe Institute of Chartered Accountants of India is gearing up to cross another milestone in its long historical journey towar...
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CA Intermediate (IPC), Intermediate Merit List November 2018
A. Merit List – All India – November 2018 Intermediate (IPC) ExaminationsMerit List – All India – November 2018 Intermediate (IPC) ExaminationsS.No.Roll NoRegistration NoNameTotal MarksAll India RankA...
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ICAI E-publication on Supplies by/to Government under GST
GST is levied on goods and services on supplies for a consideration in the course of business wherein in definition of business includes that any activity or transactions undertaken by the Central/Sta...
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Govt collects net GST Late Fess of Rs. 4,172.44 crore till 04th Feb
Direct and Indirect TaxesThe details of Net Direct Tax Collections during the Financial Year (FY) 2017-18 and FY 2018-19 (up to January, 2019) are as under: (Rs. in Crore)Financial YearTotal Direct Ta...
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New Return Filing System of GSTN & GST Revenue Collections
New Return Filing System of GSTNGSTN will focus, amongst others, on the development of new return filing, further improving the user interface, and Business Intelligence and Analytics. Improvement in...
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Companies (Significant Beneficial Owners) Amendment Rules, 2019
Government of IndiaMINISTRY OF CORPORATE AFFAIRSNotificationNew Delhi, dated 08.02.2019G.S.R. (E).- In exercise of the powers conferred by sub-sections (1) and (2) of section 469 read with section 90...
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MCA Repeals Companies Act, 1956 from 30 January 2019
The central government appointed 30 January 2018 as the date on which the provisions of section 465 of the Companies Act, 2013 in so far as they relate to the repeal of the Companies Act, 1956 [that i...
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Five Years jail to then ADIT for Accepting Bribe of Rs. One Lakh
Five Years Rigorous Imprisonment To Then Assistant Director Of Income Tax And A Private Person For Accepting Bribe Of Rs. One LakhThe Special Judge, CBI Cases, Dhanbad (Jharkhand) has sentenced Sh. Sw...
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Last Attempt of IIPCC under Old Scheme extended to May 2020
Announcement: Last Attempt of IIPCC under Old Scheme of Education and TrainingStudents of Intermediate (Integrated Professional Competence) Course [IIPCC] may kindly note that as per the decision of t...
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6 recent Changes on GST Portal we should know
GSTN has made following updates to GST Portal in last week which includes- Portal will show list of Preferred Bankst while making Payment, restriction for applying refund on quarterly basis for quarte...
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Levying of Service Charges despite GST
Press Information Bureau Government of IndiaMinistry of Consumer Affairs, Food & Public Distribution05 FEB 2019 4:46PM by PIB DelhiLevying of Service Charges despite GSTCharging of Service Tax is not...
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Order 22/2019: Promotion of 542 officers in JCIT grade in Level 12
Promotion of the 542 officers in the grade of Joint Commissioner of Income Tax in Level 12 vide Office Order 22 of 2019 Dated 6th February, 2019.F. No. A-32012/4/2017-Ad.VIGovernment of IndiaMinistry...
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Monetary limits for filing/withdrawal of Wealth Tax appeals by dept.
Circular No. 5/2019F. No. 279/Misc/M-84/2018-ITJGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board Direct TaxesJudicial SectionNew Delhi, 5th February 2019Subject:- Monetary limi...
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Cabinet Approves Abolition of Institution of Income-Tax & Indirect Tax Ombudsman
Cabinet Approves Abolition of Institution of Income-Tax Ombudsman and Indirect Tax OmbudsmanThe Union Cabinet chaired by Prime Minister Narendra Modi has approved the proposal for Abolition of Institu...