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Securities Contracts (Regulation) (Second Amendment) Rules, 2018
MINISTRY OF FINANCE(Department of Economic Affairs)NOTIFICATIONNew Delhi, the 3rd August, 2018G.S.R. 738(E).—In exercise of the powers conferred by section 30 of the Securities Contracts (Regulation)...
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ICAI Postpones First Examination of Practical Training
Postponement of First Examination of Practical TrainingThe Council has decided to assess students after completion of first and second year of practical training with online MCQ based tests. The stude...
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Only 0.35% returns picked up for scrutiny this year: CBDT chairman
Government has faith in taxpayers; only 0.35% returns picked up for scrutiny this year: CBDT chairmanIncome Tax Dept. has full information and capacity to nab tax evadersNew Delhi, August 9, 2018: The...
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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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Govt. introduces 4 GST Amendment bills in Lok Sabha
Govt. introduces in Lok Sabha today Central Goods and Services Tax (Amendment) Act, 2018, Integrated Goods and Services Tax (Amendment) Act, 2018 , Union Territory Goods and Services Tax (Amendment) A...
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Companies (Prospectus and Allotment of Securities) Second Amendment Rules, 2018
MCA notifies Companies (Prospectus and Allotment of Securities) Second Amendment Rules, 2018 and substituted existing rule 14 related to private placement of Companies (Prospectus and Allotment of Sec...
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SFIO investigating 21 cases involving 225 entities in 2017-18
RoCs and RDs assigned 119 cases to investigate in 2017-18; Various Courts levy penalty of Rs 5,90,909 in last three years in cases.Union Minister of State for Law & Justice and Corporate Affairs Shri...
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Additional Charge of Member (Admn.) CBDT to CBDT Chairman
Order No. 123 of 2018 – Additional Charge of Member (Admn.) CBDT to Shri Sushil Chandra, Chairman, CBDT and additional charge of Member (IT&C) to Smt. S. Bhattasali, Member (A&J),CBDT along with zonal...
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CBDT notifies India International Exchange (IFSC) Limited U/s. 43(5)(d)
CBDT notifies India International Exchange (IFSC) Limited under clause (ii) of Explanation 1 of clause (d) of proviso to sub-section (5) of Section 43 of the Income-tax Act, 1961 (43 of 1961) read wit...
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Securities Contracts (Regulation) (Second Amendment) Rules, 2018
MINISTRY OF FINANCE(Department of Economic Affairs)NOTIFICATIONNew Delhi, the 3rd August, 2018G.S.R. 738(E).—In exercise of the powers conferred by section 30 of the Securities Contracts (Regulation)...
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CBDT notifies NSE IFSC Limited under section 43(5)(d)
CBDT notifies NSE IFSC Limited, Gandhinagar, Gujarat under clause (ii) of Explanation 1 of clause (d) of proviso to sub-section (5) of Section 43 of the Income-tax Act, 1961 (43 of 1961) read with sub...
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Action on those Converting Black Money into White during Demonetization
Appropriate action by the Income-tax Department (ITD) and other Law Enforcement Agencies has been taken against those involved in the misuse of the Scheme of Demonetization.Such actions by the Income-...
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Giving-up of Indian addresses may not result in escaping scrutiny
Income Tax Notices have been issued by the Income Tax Department and the Enforcement Directorate. In respect of Income Tax Department, assesses including, non-resident assesses are served notices/summ...
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ICAI writes to Dainik Bhaskar for publishing misleading headline
THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA(Set up by an Act of Parliament)ICAI Bhawan,Indraprastha Marg, P.B No. 7100,New Delhi -11o 002. IndiaMisc/PRG/LE-5/2018August 1, 2018The EditorDainik Bha...
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Suggestions by FICCI related to MSMEs submitted to GST council
FICCI welcomes setting up of the GST council’s panel for addressing MSME concernsThe group of state finance ministers headed by MoS Finance Mr. Shiv Pratap Shukla will help provide speedy solutions to...
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20% GST cashback on BHIM, Rupay transactions approved by GST Council
GST Council approves 20% GST cashback on BHIM, Rupay transactionsGST Council in its 29th meeting on Saturday (4th July 2018) decided to start a pilot project to give 20 per cent cashback of the GST pa...
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Anti-dumping Duty on import of Specified Stainless Steel Products
Anti-dumping Duty on the import of Specified Stainless Steel Products for providing relief to the Domestic Steel Industry The Government has imposed Anti- Dumping Duties on imports of specified Stainl...
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MCA notifies section 36 of Companies (Amendment) Act, 2017
with effect from 31st July, 2018. Vide section 36 of Companies (Amendment) Act, 2017 it has made changes in section 134 of Companies Act, 2013 which is related to Financial statement,Board’s report, e...
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ICAI represents on Revised Form 3CD – Demands Deferment of Revised 3CD
ICAI vide its representation suggested CBDT to that changes made in Form No. 3CD be implemented from AY 2019-20 for smooth implementation and compliance. It is further suggested that the new clauses m...
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Disclosures in Board’s Report
MCA has amended the Companies (Accounts) Rules, 2014 effective from 31st July, 2018.1.Additional matters to be included in Board’s reportA disclosure, as to whether maintenance of cost records as spec...