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ASK centres to not to accept ITRs for A.Y. prior to AY 2018-19 without verifying copy of notice
ASK centres under your charge not to accept ITRs for A.Y. prior to AY 2018-19 without verifying copy of notice / order u/s 119(2)(b), 139(9), 142(1), 148, 153A & 153C and applicability of Rule 12 of I...
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No need to report clause 30C (GAAR) & 44 (GST) of Revised 3CD Report till 31.03.2019
It has been decided by the CBDT that reporting under the proposed clause 30C and proposed clause 44 of the Tax Audit Report shall be kept in abeyance till 31st March, 2019. Therefore, for Tax Audit Re...
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Governance of Insolvency Professional Agencies and Information Utilities
Insolvency and Bankruptcy Board of India14th August, 2018Discussion PaperSubject: Governance of Insolvency Professional Agencies and Information UtilitiesThe institutional infrastructure under the Ins...
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SEBI HLC Report on Settlement Mechanism
SEBI seeks public comments on the ‘Report on the Settlement Mechanism’ submitted by the High Level Committee (HLC) under the Chairmanship of Justice A. R. Dave (retd.)1. BACKGROUND1.1 Settlement for s...
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Instruction for Safety of Lockers in Banks
Reserve Bank of India (RBI) has issued instructions to banks regarding the safety of bank lockers for exercising due care and necessary precaution for the protection of the lockers provided to the cus...
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ICAI Election 2018: Draft List of Voters / Proposed Polling Booths
Election 2018 – Draft List of Voters as on 1.4.2018 – Views/Suggestions on proposed Polling Booths – (14-08-2018)ELECTION 201814th August, 2018ANNOUNCEMENTFor Attention of the Prospective Candidates a...
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Computation of admissible deduction u/s 10A of the Income Tax Act, 1961
Computation of deduction u/s 10A of Income Tax Act, 1961Circular No. 4/2018F. No. 279/Misc./140/2015/ITJGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesNew Delh...
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Follow election code of conduct in Publication of Newsletters etc: ICAI
ELECTION 2018No. 54-EL(1)/2/201810th August, 2018To,The Chairperson/Chairmen of All Regional Councils/BranchesMadam/Dear Sir,Sub: Publication of Newsletters and the like, in any form, vis-a-vis Electi...
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GST collection shown upward trend since April, 2018
Anti-Profiteering Mechanism under GSTThe month-wise details of Central Goods and Services Tax (CGST), State Goods and Services Tax (SGST), Integrated Goods and Services Tax (IGST) and Cess collected b...
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GST Compensation to States
Government has compensated to the States/UTs for the reported revenue deficit on account of implementation of Goods and Services Tax (GST). As per provisions in Section 7 of the GST (Compensation to S...
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Impact and Awareness of GST
Steps taken by the Government to increase awareness about the features of Goods and Services Tax (GST) are as follows:i. conducting workshops and seminars regularly across the country,ii. posting of l...
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CBIC compare data in FORM GSTR-1 and FORM GSTR-3B
Filings of GST ReturnsThe Goods and Services Tax Council has simplified the return filing process for small businesses. The GST Council, in its 28th meeting held on 21st July, 2018 in New Delhi, in pr...
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SFIO arrests Neeraj Singhal in connection with Bhushan Group investigation
Press Information BureauGovernment of IndiaMinistry of Corporate Affairs09-August-2018 19:54 ISTSerious Fraud Investigation Office (SFIO) arrests Mr. Neeraj Singhal in connection with investigation in...
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Private Placement Provisions notified
MCA has enforced the provisions of Section 10 of the Companies (Amendment) Act, 2017 which amended the provisions of Section 42 (i.e. Issue of shares on private placement basis) of the Companies Act,...
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PAN Sole identifier for all participants transacting in securities market
Press Information BureauGovernment of IndiaMinistry of Finance10-August-2018 18:56 ISTGuidelines to Control Black Money in Share MarketSecurities and Exchange Board of India (SEBI), vide circular date...
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Audit of Banks- RBI issued guideline for Audit and Auditor appointment
With regard to Statutory Audit, Reserve Bank of India (RBI) has informed that it has issued Guidelines for appointment of Statutory Central Auditors (SCAs) and Statutory Branch Auditors in Public Sect...
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Control and resolution of NPAs
The Gross Advances of Scheduled Commercial Banks (SCBs) increased from Rs.25,03,431 crore as on 31.3.2008 to Rs. 68,75,748 crore as on 31.3.2014, as per the Global Operations Data of the Reserve Bank...
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CBI arrests 19, including customs officials for bribery & smuggling
CBI ARRESTS 19 ACCUSED INCLUDING ASSISTANT COMMISSIONER OF CUSTOMS AND PRIVATE PERSONS IN A CASE RELATING TO ALLEGED BRIBERY AND SMUGGLING OF GOODSThe Central Bureau of Investigation has arrested 19 a...
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Income Tax Notification No. 37/2018, Dated 08.08.2018
Central Government, in consultation with the Chief Justice of the Gauhati High Court hereby designate the Court of Munsiff No. 3 -cum-Judicial Magistrate, 1st Class, Kamrup (M), Guwahati as the Specia...
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MCA notifies new provisions for Issue of shares on private placement basis
MCA has notified revised Section 42 of Companies Act, 2013 related to Issue of shares on private placement basis by with effect from 7th August 2018 by notifying section 10 of Companies (Amendment) Ac...