"November, 2018" Archive

GST Audit Process and Assessment Thereof

The current article provides the audit and assessment procedure involved in an audit being conducted by the tax authorities and also audit process and assessment involved in the special audit being conducted by the proper officer....

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Govt notifies Wastage Norms & Value Addition of Gold religious idols

Public Notices No. 51/2015-2020-DGFT 30/11/2018

Wastage Norms and Value Addition in respect of Gold religious idols (only gods and goddess)- both plain and studded, of 8 carats and above (upto 24 carats) are prescribed in Para 4.60 and 4.61 of the HBP....

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Govt allows export of Gold idols (only gods and goddess) from DTA

Notification No. 44/2015-2020-DGFT 30/11/2018

Para 4.32(i) of Chapter 4 of the Foreign Trade Policy 2015-20 is amended to allow export of Gold idols (only gods and goddess) of 8 carats and above (upto 24 carats) from domestic tariff area....

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Dr. Ajay Bhushan Pandey takes over as Revenue Secretary

Ministry of Finance Dr. Ajay Bhushan Pandey takes over as Revenue Secretary Posted On: 30 NOV 2018 Dr. Ajay Bhushan Pandey (IAS: MH 1984) took over as the Union Revenue Secretary upon superannuation of Dr Hasmukh Adhia here today. Outgoing Finance Secretary & Revenue Secretary, Dr Hasmukh Adhia welcomed Dr Pandey in his office. A [&he...

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Income from Other Sources (Section 56 to 59)

Income which is not chargeable to tax under any of the heads of income specified in the Income Tax Act viz. Salary, House Property, Business or Profession and Capital Gain and which is also not exempt from tax under any section of the Income Tax Act, is chargeable to tax under this head. SOME EXAMPLES […]...

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Due date for filling Annual Vat Return in Punjab extended up to 15.12.2018

Due date for filling Annual Vat Return in form VAT-20 for the year 2017-18 in Punjab is once again extended up to 15th December 2018...

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Standard on Internal Audit (SIA) 8 Terms of Internal Audit Engagement

The following is the text of the Standard on Internal Audit (SIA) 8, Terms of Internal Audit Engagement, issued by the Council of the Institute of Chartered Accountants of India. These Standards should be read in conjunction with the Preface to the Standards on Internal Audit, issued by the Institute. In terms of the decision […]...

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Standard on Internal Audit (SIA) 7, Quality Assurance in Internal Audit

The following is the text of the Standard on Internal Audit (SIA) 7, Quality Assurance in Internal Audit, issued by the Council of the Institute of Chartered Accountants of India. These Standards should be read in conjunction with the Preface to the Standards on Internal Audit, issued by the Institute. In terms of the decision […]...

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Standard on Internal Audit (SIA) 6 Analytical Procedures

The following is the text of the Standard on Internal Audit (SIA) 6, Analytical Procedures, issued by the Council of the Institute of Chartered Accountants of India. These Standards should be read in conjunction with the Preface to the Standards on Internal Audit, issued by the Institute. In terms of the decision of the Council […]...

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Trading hours for commodity derivatives segment

Circulars No. SEBI/HO/CDMRD/DMP/CIR/P/2018/146 30/11/2018

Securities and Exchange Board of India CIRCULAR SEBI/HO/CDMRD/DMP/CIR/P/2018/146 November 30, 2018 To, The Managing Directors / Chief Executive Officers All Recognised Stock Exchanges and Clearing Corporations having commodity derivatives segment Sir / Madam, Sub: Trading hours for commodity derivatives segment 1. Vide circular SEBI/HO/C...

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