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Archive: 25 July 2018

Posts in 25 July 2018

CBDT notifies authority U/s. 138 for furnishing information to CEIB

July 25, 2018 2310 Views 0 comment Print

Order under section 138(1)(a) of Income-tax Act, 1961 dated 25.07.2018 issued by the Central Board of Direct Taxes (CBDT), specifying income-tax authorities for furnishing specified information to Director General, Central Economic Intelligence Bureau (CEIB), Department of Revenue, Government of India

CBDT notifies Central Economic Intelligence Bureau u/s 138 of Income-tax Act

July 25, 2018 1674 Views 0 comment Print

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 vide Notification No. 34/2018- Income Tax dated: 25th of July, 2018

Tax Audit Report Form 3CD- Recent Changes- Exhaustive Analysis

July 25, 2018 82680 Views 3 comments Print

There are 6 amendments in existing clauses of form 3CD Income Tax Audit Report and 9 different new insertions/ additional clauses for disclosure purposes.

6 ways in which a CA loan can help you manage your practice better

July 25, 2018 12660 Views 3 comments Print

Since your core expertise lies in understanding finance and making sound monetary decisions, the importance of funds from an external source is well understood by you. Upholding the role of a business owner, it is important for you to know how a business loan for CAs can help you improve your firm’s position. Take a […]

Paper on Revision of Provisions Pertaining to Re-Classification of Shareholders

July 25, 2018 2241 Views 0 comment Print

Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI LODR Regulations) provides for conditions with respect to re-classification of shareholders of listed entities.

Arbitration and Conciliation (Amendment) Bill, 2018

July 25, 2018 5019 Views 0 comment Print

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 hub of institutional arbitration for both domestic and international arbitration.

Banning of Unregulated Deposit Schemes Bill, 2018

July 25, 2018 3537 Views 0 comment Print

Non-banking entities are allowed to raise deposits from the public under the provisions of various statutes enacted by the Central Government and the State Governments. However, the regulatory framework for deposit taking activity in the country is not seamless.

Negotiable Instrument (Amendment) Bill, 2018 passed by Lok Sabha

July 25, 2018 16899 Views 14 comments Print

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 compensation and Section 148-Power of Appellate Court to order payment pending appeal against conviction. Bill No. 281-C of 2017 THE NEGOTIABLE INSTRUMENTS (AMENDMENT) BILL, […]

Aadhaar OTP e-verification for ITR down Temporarily

July 25, 2018 3186 Views 3 comments Print

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.

Product Costing – Creation of Costing bill of material (BOM) – SAP

July 25, 2018 48519 Views 1 comment Print

Product cost – Expenses attributable to a particular product is Product Cost. Product costing is part of controlling module in SAP. Pre-requisites 1. Material Masters of RM, SFG, FG 2. Bill of Materials, Routing, Master Recipe 3. Work centers / Resources or equipment ID’s\ 4. Activity Types 5. Configuration – WIP, Variance, and Settlement 6. […]

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