"10 August 2018" Archive - Page 2

Transactions / Documents which requires PAN compulsorily

This article lists out the transactions in relation to which permanent account number (PAN) is to be quoted. This list of transaction has been mentioned under Rule 114B of the Income Tax Rules. Every person shall quote his PAN in all documents pertaining to the transactions specified below. ...

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Posted Under: Income Tax |

Notification No. 15/2018-Customs (N.T./CAA/DRI), Dated: 10.08.2018

Notification No. 15/2018-Customs (N.T./CAA/DRI) (10/08/2018)

Notification No. 15/2018-Customs (N.T./CAA/DRI) Director General, Revenue Intelligence, hereby appoints officers mentioned in column (5) of the Table below to act as a common adjudicating authority to exercise the powers and discharge the duties conferred or imposed on officers mentioned in column (4) of the said Table in respect of notic...

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Notification No. 14/2018-Customs (N.T./CAA/DRI), Dated: 10.08.2018

Notification No. 14/2018-Customs (N.T./CAA/DRI) (10/08/2018)

Notification No. 14/2018-Customs (N.T./CAA/DRI) Director General, Revenue Intelligence, hereby appoints officers mentioned in column (5) of the Table below to act as a common adjudicating authority to exercise the powers and discharge the duties conferred or imposed on officers mentioned in column (4) of the said Table in respect of noti...

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SMS PACL Investors Seeking Their Original Certificates / Receipts

Press Release No.: 35/2018 (10/08/2018)

SMSes have been sent to investors asking them to send their original PACL certificates/receipts to the Committee at the address: SEBI Committee in the matter of PACL, Regus Grandeur Offices Pvt. Ltd., 8th Floor Samson Towers, Pantheon Road, Block No.31, Egmore, Chennai-600008....

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Enhanced monitoring of Qualified Registrars to an Issue and Share Transfer Agents

Circular No. SEBI/HO/MIRSD/DoP/CIR/P/2018/ 119 (10/08/2018)

SEBI constituted a Committee under the Chairmanship of Shri R. Gandhi, Former Deputy Governor, Reserve Bank of India to review the regulations and relevant circulars pertaining to Market Infrastructure Institutions (MIls). The Committee also looked into the desirability of extending the extant framework of MIIs to certain market intermedi...

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Disallowance U/s. 40(a)(i) on commission to foreign agents paid outside India

Eaton Industrial Systems (P) Ltd. Vs Dy. CIT (ITAT Pune)

Eaton Industrial Systems (P) Ltd. Vs DCIT (ITAT Pune) Where assessee-company paid sales commission foreign of agents for securing export orders from the buyers abroad the services were not rendered by such foreign agents in India, and no part of the said income had arisen in India, therefore, TDS was not required to be deductible [&hellip...

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Tax Audits and e-filing of Report

As per section 44AB of the Income tax act, certain persons are required to get their accounts audited till 30th September by the CA and furnish a report of such audit in the prescribed form duly verified and signed by the CA. ...

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Posted Under: Income Tax |

Amendments in Skuanya Samriddhi Account Deposit Scheme

Central Government has notified Sukanya Samriddhi Account scheme vide Notification G.S.R.863(E) Dated 02.12.2014 to secure the future of Girl Child and Scheme has got good response too from the Citizens of India, considering the Tax benefit and Higher Rate of Interest which Scheme was providing. Interest Rate on the Scheme been revised do...

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Posted Under: Income Tax |

Transfer of Share in Physical Form only after Demat, post 05.12.2018

Preess Release No. 34/2018 (10/08/2018)

SEBI amended Regulation 40 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 wherein it was intimated that transfer of securities shall not be processed unless the securities are held in the dematerialized form with a depository with effect from December 5, 2018. ...

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Can a LEGAL HEIR file return of deceased assessee for compulsory DSC cases?

Yes. First, the legal heir has to obtain a DSC in his own capacity. The DSC of the legal heir, so obtained can be registered in the ITD e-filing website as follows: The details of Legal heir and the deceased assessee, such as : PAN, First Name, Middle Name, Last Name, Date of Birth, Father’s First Name, Father...

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Posted Under: Income Tax |