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CBDT Releases 2nd Annual Report of its APA Programme
Online GST Certification Course by TaxGuru & GST Professionals – Batch 7 (Registration Open)TaxGuru and GST Professionals announces its 7th and most comprehensive Online GST Certification Course after...
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GST Updates
GST, Excise, Service Tax, Customs & VAT updates for August 2018Indirect Taxes Updates- GST, Customs, Excise & Service Tax- Month – August 2018(updated upto 5th Sept. 2018) A. Amendment in Goods & Serv...
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9 New Notifications / Circulars issued by CBIC on 04th September 2018
CBIC Issues Notification No. 39/2018 – Central Tax to Notification No. 42/2018 – Central Tax and also issued Circular No. 57/31/2018-GST to Circular No. 61/31/2018-GST on 4th September 2018 to Provide...
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ICAI selling List of CAs eligible to Vote in ICAI Elections 2018
ICAI has made available list of Chartered Accountants eligible to vote (i.e., List of Voters) from the various regional constituencies for elections to the Twenty Fourth Council and Twenty Third Regio...
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ICAI declares Structure of Practical Training Assessment
Structure of Practical Training AssessmentThe students after completing their 1st/ 2nd year of practical training in a particular quarter of a year would be eligible to register for the practical trai...
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Estimates of Gross Domestic Product for First quarter of 2018-19
Ministry of Statistics & Programme ImplementationEstimates of Gross Domestic Product for the First quarter (April-June) of 2018-19The Central Statistics Office (CSO), Ministry of Statistics and Progra...
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CBDT Releases 2nd Annual Report of its APA Programme
USD/INR Update: Change in CallThe famous English economist John Maynard Keynes is known have to have retorted to a critic who pointed out that his predictions and policies changed all too often –“I ch...
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ICAI President’s Message – September 2018
My dear Professional Colleagues,This 15th August, we celebrated our 72nd Independence Day, remembering the avid contribution of our freedom fighters, by hoisting our National Flag at our headquarters,...
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GST Revenue collection for August 2018 close to 94000 crore rupees
GST Revenue collection for August 2018 close to ninety-four thousand crore rupees The total gross GST revenue collected in the month of August, 2018 is Rs. 93,960crore of which CGST is Rs. 15,303crore...
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Disclosure requirement relating to SBNs not applies to F.Y. 2017-18
Regarding Clarification on Applicability of Notifications no. G.S.R. 307(E) and G.S.R. 308(E) dated 30th March 2017 issued by Ministry of Corporate Affairs for the financial year ending on 31st March,...
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Draft PAN Rules: Compulsory for Transaction above 2.50 Lakh; Father name not must in case Mother is single parent
CBDT proposed to amend Income Tax Rule 114 related to PAN and proposed to make PAN compulsory for transactions of Rs. 250000 or more and also proposed to amend Form number 49A and Form number 49AA to...
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Transfer/postings (Local Changes) in Pr. CCIT/Pr. DGIT/CCIT/DGIT Grade
F.No. A-32011/1/2018-Ad-VIGovernment of IndiaMinistry of FinanceDepartment of Revenue(Central Board of Direct Taxes)North Block, New Delhi -110 001Dated: 31.08.2018Office Order No. 146 of 2018The foll...
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Income Tax Return filing registers an upsurge of 71% upto 31.08.2018
Filing of Income Tax Returns registers an upsurge of 71% upto 31st August,2018 There has been a marked improvement in the number of Income Tax Returns (ITRs) filed during FY 2018 (upto 31/08/2018, the...
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Consultation Paper on Reform of Family Law
Law Commission floats Consultation Paper on Family Law Reform This consultation on family law reforms in India, discusses a range of provisions within all family laws, secular or personal, and suggest...
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CBDT extends time to send comments on framing rules related to ‘Significant Economic Presence’
CBDT extends time for sending comments on framing rules related to ‘Significant Economic Presence’ till 30-9-2018 vide its Instruction F. No. 370142/11/2018-TPL dated 30th of August, 2018.F. No. 37014...
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Filing of references for restoration of struck-off/de-registered companies under Companies Act, 2013
F. No. 225/423/2017-ITA-II(Part)Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesNorth Block, New DelhiDated, the 20th of August, 2018ToAllPrincipal Chief Commis...
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CBDT Notifies Rule 11UAB Determination of fair market value for inventory
CBDT vide Notification No. 42/2018 Notifies Income Tax Rule 11UAB Determination of fair market value for inventory and amended Rule 11U related to Meaning of expressions used in determination of fair...
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Press Trust of India notified as news agency for Sec. 10(22B) exemption
CBDT notifies ‘The Press Trust of India Limited’ as news agency set up in India solely for collection and distribution of news for exemption under section Section 10(22B) of Income Tax Act, 1961 vide...
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Annual Report on India’s Advance Pricing Agreement (APA) Programme – 2017-18
The Advance Pricing Agreement (APA) Programme in India is six years old now and has been heralded as a success. The CBDT is extremely proud of this Programme and its achievements. The Programme has be...
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Wrongful Prosecution (Miscarriage of Justice): Legal Remedies
The Delhi High Court, in the case of Babloo Chauhan @ Dabloo v. State Government of NCT of Delhi, 247 (2018) DLT 31, expressed grave concern about wrongful prosecution and incarceration of innocent pe...