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CBDT notifies Central Economic Intelligence Bureau u/s 138 of Income-tax Act
Central Government, hereby specifies Director General, Central Economic Intelligence Bureau (CEIB), Department of Revenue, Government of India under section 138(1)(a)(ii) of the Income-tax Act, 1961 v...
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CA Intermediate Examination Old & New Course Result Date
Result of the Chartered Accountants Intermediate Examination (Old Course & New Course) held in May 2018 are likely to be declared on Sunday, the 29th July 2018 THE INSTITUTE OF CHARTERED ACCOUNTANTS O...
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Simplify GST for Small & Medium Enterprises- BCAS represents
BCAS has made a representation for Simplification of GST for Small and Medium Enterprises (SME) which includes recommendations on Compulsory Registration required for agents , Registration Threshold,...
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ICAI submits 26 Post Budget suggestions related to Income Tax
POST-BUDGET MEMORANDUM – 20181. INTRODUCTION1.0 The Council of the Institute of Chartered Accountants of India considers it a privilege to submit this Post-Budget Memorandum to the Government.1.1 In t...
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ICAI clarifies on Fake date of declaration of results of CA exams
Clarification regarding date of declaration of results of CA Intermediate exam.It has been brought to our notice that a fake announcement regarding the date of declaration of result of the Intermediat...
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Arbitration and Conciliation (Amendment) Bill, 2018
is introduced in Lok Sabha on 18th July 2018 to amend the Arbitration and Conciliation Act, 1996 to minimise the need to approach the Courts for appointment of arbitrators with a view to make India a...
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Banning of Unregulated Deposit Schemes Bill, 2018
was introduced in Lok Sabha on 18th July 2018. The bill aims to prevent unregulated deposit schemes or arrangements at their inception and at the same time makes soliciting, inviting or accepting depo...
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Negotiable Instrument (Amendment) Bill, 2018 passed by Lok Sabha
Lok Sabha passes Negotiable Instrument (Amendment) Bill, 2018 a bill further to amend the Negotiable Instruments Act, 1881 by which it has proposed to insert section 143A -Power to direct interim comp...
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IBC: Financial Creditors realized claims of approx Rs. 47426 crore
Financial Creditors have realized claims of approximately Rs. 47,426.75 crore in 26 casesThe Financial Creditors have realized claims of approximately Rs. 47,426.75 crore in 26 cases where resolution...
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Insolvency and Bankruptcy Code (Second Amendment) Bill, 2018
was introduced in Lok Sabha to to repeal and replace the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2018 Notes on Clauses of Insolvency and Bankruptcy Code (Second Amendment) Bill, 2018Cont...
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Criminal Law (Amendment) Bill, 2018
was introduced in Lok Sabha to further amend the Indian Penal Code, Indian Evidence Act, 1872, the Code of Criminal Procedure, 1973 and the Protection of Children from Sexual Offences Act, 2012.Recent...
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Micro, Small and Medium Enterprise Development (Amendment) Bill, 2018
was introduced in Lok Sabha to amend the Micro, Small and Medium Enterprises Development Act, 2006 and to provide for change in the criterion of classification of micro, small and medium enterprises f...
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SEZ Rules to be aligned with GST laws by July end
Commerce Ministry officialSEZ units must look for markets other than US, EU & Dubai for export competitive advantages: Member (Customs), CBICNew Delhi, July 24, 2018: The Centre will come out with ame...
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Review on 28th GST Council meeting updates
Quick Review on 28th GST Council meeting updatesGST Council has recommended the following amendments in it’s 28th Council meeting held on 21st July 2018:1. Taxpayers may opt for multiple GST registrat...
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Transfer & Posting of 50 Officers in Addl. / Joint CIT Grade
F.No. A-2201211/2018-Ad.VIGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesNorth Block, New Delhi, The 24th July, 2018OFFICE ORDER NO. 118 OF 2018The following t...
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Aadhaar OTP e-verification for ITR down Temporarily
Due to technical issues, Aadhaar OTP for e-verification is unavailable. This will be enabled shortly. Taxpayer can use the other options to e-Verify the Returns.Please note that e-Verification can be...
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Govt attaches Benami Properties valued over Rs. 4,300 crores
Identification of Benami PropertiesProhibition of Benami Property Transactions Act 1988 as amended by the Benami Transaction (Prohibition) Amendment Act, 2016 seeks to prohibit the Benami Transactions...
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Income Tax Department added 1.06 crore new taxpayers in FY 2017-18
SUSHIL CHANDRAChairman, CBDT &Special Secretary to the Government of IndiaGOVERNMENT OF INDIAMinistry of Finance/Department of RevenueCentral Board of Direct TaxesNorth Block, New Delhi-110001E-mail :...
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Steps for Curbing Black Money stashed abroad Lead Positive Results
The Government of India has taken various steps for curbing the black money stashed abroad, which have led to positive results. These steps include, inter alia, the following:1. India has been a leadi...
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Micro, Small and Medium Enterprise Development (Amendment) Bill, 2018
was introduced in Lok Sabha to amend the Micro, Small and Medium Enterprises Development Act, 2006 and to provide for change in the criterion of classification of micro, small and medium enterprises f...