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Internal Audit Procedure of Registration Process of Charitable Trusts
Government of IndiaMinistry of Finance, Department of Revenue,Central Board of Direct Taxes,Audit and Public Accounts Committee DivisionF. No. 240/8/2015— A & PAC —11Dated 14/12/2018Partial Modificati...
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32 Additional FAQs on Income Tax Assessment Module of ITBA
In addition to general FAQs about the processes and steps to be followed in ITBA (Avaialble in ITBA Portal) FAQs on 'How to make additions in ITBA', 'FAQ on ITR-7' and `FAQs on the basis of Helpdesk t...
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Functionality of Withholding of Income Tax Refund u/s 241A- Reg.
ITBA-ITR Processing Instruction No. 5DIRECTORATE OF INCOME TAX (SYSTEM)ARA Center, Ground Floor, E-2, Jhandewalan Extension,New Delhi – 110055F.No. System/ITBA/Instruction/ITR Processing/112/16-17/ Da...
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CBDT notifies Special Courts under Black Money Act for West Bengal & Andaman and Nicobar Islands
MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES)(INVESTIGATION DIVISION-V)Notification No. 87/2018New Delhi, the 11thDecember, 2018S.O. 6141(E).—In exercise of the powers conf...
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RBI Autonomy within RBI Act Framework is essential governance requirement
Autonomy of RBIThe autonomy for the Central Bank, within the framework of the Reserve Bank of India (RBI) Act, is an essential and accepted governance requirement. A press release was issued by the Go...
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IIM-Ahmedabad To Conduct Management Training Programmes For CAs
The Institute of Chartered Accountants of India ( ICAI ) has signed a MoU with the IIM Ahmedabad with an object to co-host open-enrolment and customized training programs exclusively for Chartered Acc...
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Extend due date of filing Form GSTR 9 & 9C: ICAI
The Institute Of Chartered Accountants Of IndiaICAI/IDTC/2018-19/Rep/16 4th December, 2018Shri S. RameshChairmanCentral Board of Indirect Taxes & Customs Department of Revenue,Government of India,Nort...
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Average GST collection for FY 2018-19 is Rs. 97,040 crore
Goods and Services Tax CollectionsThe month-wise gross collection of Central Goods and Services Tax (CGST), State Goods and Services Tax (SGST), Integrated Goods and Services Tax (IGST) and Cess for F...
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Govt identifies GST evasion of Rs. 12766.85 Crore
Goods and Services Tax (GST) evasionDuring the current financial year (between April 2018 to November 2018) 3196 cases involving an amount of Rs. 12766.85 Crore have been identified.Suspected GST Evas...
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CBIC to notify WON and TRY in list of currencies for exchange rate
Ministry of FinanceCentral Board of Indirect Taxes and Customs (CBIC) to notify Korean Won (WON) and Turkish Lira (TRY) in the list of currencies for exchange rateUnder section 14 of the Customs Act,...
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Form NFRA-1 – Extension of the last date of filing
General Circular No. 12/2018F.No. 1/4/2016-CL-IGovernment of IndiaMinistry of Corporate Affairs5th Floor, ‘A’ Wing, Shastri Bhawan,Dr. R. P. Road, New DelhiDated: 13th December, 2018ToAll RDs,All RoC,...
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Bogus donation racket under section 35(1)(ii)- CBDT Advisory
F.No. 225/351/2018-ITA (II)Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes****Room N0. 245A, North BlockNew Delhi, the 14th December, 2018ToAll Principal Ch...
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Online Utility for filing GST Annual Return likely to be operational by January 31, 2019
The Government of India vide its Order No. 1/2018 – Central Tax dated December 11, 2018 has issued an order for extension of due date for filing of annual return i.e. Form GSTR-9 to March 31, 2019. Fu...
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CBT issues directions on filing of Appeal on merit on 7 Issues
F. No . 279/Misc/M-93/2018-ITJGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board Direct TaxesJudicial SectionNew Delhi, 11th December 2018ToAll Pr. Chief Commissioners of Income...
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Direct Tax Collections for F.Y. 2018-19 up to November, 2018
Gross collections at Rs. 6.75 lakh crore which is 15.7% higher than the gross collections for the corresponding period of last yearThe Provisional Figures of Direct Tax Collections up to November, 201...
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National Pension System (NPS)- Govt approves Tax Relief Proposals
Ministry of FinanceStreamlining of National Pension System (NPS)Posted On: 10 DEC 2018DecisionThe Union Cabinet in its Meeting on 6th December, 2018 has approved the following proposal for streamlinin...
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Guidance Note on Reports in Company Prospectuses (Revised 2018)
Exposure DraftGuidance Note on Reports inCompany Prospectuses(Revised 2018)Readers may note that this Guidance Note supercedes the Guidance Note on Reports in Company Prospectuses (Revised 2016) issue...
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Effective GST Rate and Input Tax credit available to builders
Effective GST Rate and Input Tax credit available to builder is brought to the notice of buyers of constructed property that there is no GST on sale of complex/ building and ready to move-in flats whe...
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3 New Functionality on Advance Ruling, GST Refund & GST APL-01 now available on GST Portal
New Functionality update on GST Portal: Appeal against the Advance Ruling given the Authority, Filing of Monthly Refund applications by Quarterly Return filers now available on GST Portal, Preparation...
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PCIT/CIT to ensure removal of defects of pending appeals before HCs
F. No. 272/ M-25/2015-(M)Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board Direct TaxesAudit & Judicial DivisionNew Delhi, 7th December, 2018All Principal Chief Commissioners of...