"19 January 2018" Archive - Page 4

Section 94A Special measures in respect of transactions with persons located in notified jurisdictional area

One of the tax consequences of a country or area being notified as NJA is that payments to persons located in that NJA would be subject to a higher withholding @ 30%. The relevant provision which provides for this implication i.e., section 94A(5)...

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Posted Under: Income Tax |

Section 194LC- Concessional tax rate of 5% on interest should be made applicable on other debt securities

The concessional tax rate of 5 per cent on interest should be made applicable on other debt securities including debentures, trade credit issued/ availed by any Indian company....

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Posted Under: Income Tax |

Online Filing System for Offer Documents, Schemes of Arrangement, Takeovers and Buy backs

SEBI/HO/CFD/DIL1/CIR/P/2018/011 19/01/2018

All Merchant Bankers that are required to file the offer documents and related documents in physical form with SEBI under the provisions of aforesaid Regulations shall simultaneously file the same online through SEBI Intermediary Portal at https://siportal.sebi.gov.in....

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CBEC notifies limit on Appreciation Certificates by President

Notification No. 07/2018–Customs (N.T.) [S.O. 299 (E)] 19/01/2018

4. The number of Appreciation Certificates awarded in one year shall not exceed forty five but if the President considers that special circumstances in any one year justify the award of the Appreciation Certificates in excess of the forty five, the number shall not exceed fifty....

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CBDT amends Tax Return Preparer Scheme

Notification No. 04/2018-Income Tax [G.S.R. 44(E)] 19/01/2018

Tax Return Preparer (Amendment) Scheme, 2018- An individual, who holds a bachelor degree from a recognised Indian University or institution, or has passed the intermediate level examination conducted by the Institute of Chartered Accountants of India or the Institute of Company Secretaries of India or the Institute of Certified Management...

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Stick to timelines with respect to GST refunds in relation to zero-rated supply: CBEC

DO. No. 03/CH(EC)/2018 19/01/2018

Need to ensure that the refund sanctioning authorities under your jurisdiction stick to the timelines stipulated under law, especially with respect to refunds in relation to zero-rated supply of goods or services. ...

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e-File Your TDS Statement by 31st January, 2018

Delay in filing of TDS statement shall entail levy of fee of Rs. 200/- for each of default not exceeding amount of tax deductible ...

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Posted Under: Income Tax |

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