"12 July 2018" Archive

Stock Brokers shall not accept cash from their clients : SEBI

Circular No. SEBI/HO/MIRSD/DOP/CIR/P/2018/113 (12/07/2018)

The stock brokers shall accept cheques drawn only by the clients and also issue cheques in favour of the clients only, for their transactions. Stock Brokers shall not accept cash from their clients either directly or by way of cash deposit to the bank account of stock broker....

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Tax deduction on Interest income

Many of us keep our money either with banks or with cooperative credit societies, be it in fixed deposits or recurring deposits or in saving accounts. Not only this, we also invest in various Government run schemes like NSC, PPF and Senior Citizen Saving schemes. While making these investments everyone wants to plan these investments in ...

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Posted Under: SEBI | ,

Section 139(5) – Revised Income Tax return

An assessee who is required to file a return of income is entitled to revise the return of income originally filed by him to make such amendments, additions or changes as may be found necessary by him. Such a revised return may be filed by the assessee at any time before the assessment is made. There is no limit under the income tax Act i...

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Posted Under: SEBI |

Five rare benefits of filing regular ‘Income Tax Returns’

What is the benefit of filing income tax return? This is the first question when a client ram into the office of a CA or Tax lawyer. Generally professionals have predefined answers like it benefits for Loan, CC limit, or being loyal with the govt etc. But do every one of us know what is […]...

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Posted Under: SEBI | ,

Extension of ad-hoc appointments of ITOs to ACIT grade for 2015-16

Office Order No. 109 of 2018 (12/07/2018)

Order No. 109 of 2018 - Extension of ad-hoc appointments of Income Tax Officers to the grade of ACIT for the vacancy year 2015-16 - reg...

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Extension of ad-hoc appointments of ITOs to ACIT grade for 2014-15

Office Order No. 110 of 2018  (12/07/2018)

Order No. 110 of 2018 - Extension of ad-hoc appointments of Income Tax Officers to the grade of ACIT for the vacancy year 2014-15 - reg...

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Transfer of an undertaking in consideration of allotment of shares is exchange not sale

M/s. Oricon Enterprises Limited Vs ACIT (ITAT Mumbai)

Challenging the order,dated 16/02/2015,of CIT(A)-51,Mumbai, the assessee has filed the present appeal.Assessee-company,engaged in the business of manufacturing of aluminium caps, metal containers,petrochemicals etc., filed its return of income on 15/11/2007,declaring total income at Rs.NIL...

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Use of Aadhaar in Ayushman Bharat – Desirable and not “Must”

Notification of the Ayushman Bharat – National Health Protection Mission being issued by MoHFW under Section 7 of the Aadhaar Act, merely enables the implementation agencies to ask for the beneficiary Aadhaar Card to authenticate their identity. In order to authenticate the identity of beneficiaries accurately, the use of Aadhaar card i...

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Posted Under: SEBI |

Examination for Confirmation of Enrollment of GST Practitioners

National Academy of Customs, Indirect Taxes and Narcotics (NACIN), Faridabad DEPARTMENT OF REVENUE, MINISTRY OF FINANCE GOVERNMENT OF INDIA EXAMINATION FOR CONFIRMATION OF ENROLLMENT OF GST PRACTITIONERS NACIN has been authorized to conduct an examination for confirmation of enrollment of Goods and Service Tax Practitioners (GSTP) in term...

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Posted Under: SEBI |

Benefits of GST Composition Scheme

The GST composition Scheme is an easy and simple scheme for the taxpayers. Small taxpayers could get rid of the tedious tax formalities and can pay GST at a pre-determined rate of turnover. Any taxpayer with a turnover of less than INR 1.5 crore could opt for GST registration under composition scheme. This scheme is designed with the obje...

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Posted Under: SEBI |

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