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Archive: December, 2018

Posts in December, 2018

Appointment of 136 IRS officers in the grade of ACIT (Junior Scale)- Reg.

December 31, 2018 24138 Views 0 comment Print

The President is pleased to appoint the following IRS officers in the grade of Assistant Commissioner of Income Tax (Junior Scale) in the Level 10 in the pay matrix Rs. 56100-177500 in a substantive capacity in the grade with effect from the date(s) indicated against each of them: –

Small Savings Schemes Interest Rate for 01.01.2019 to 31.03.2019

December 31, 2018 10527 Views 0 comment Print

Rates of interest on various small savings schemes for the fourth quarter of financial year 2018-19 starting 1stJanuary, 2019, and ending on 31st March, 2019, on the basis of the interest compounding / payment built-in in the schemes,

Panel of Insolvency Professionals for 01/01/2019 to 30/06/2019

December 30, 2018 5895 Views 0 comment Print

INSOLVENCY AND BANKRUPTCY BOARD OF INDIA Panel of Insolvency Professionals recommended for appointment as IRP and Liquidator for Corporate Debtors for the period from 01/01/2019 to 30/06/2019 NCLT Sr. No Name of IP IP Registration No E-mail ID Ahmedabad 1 Mr. Rajesh Lohia IBBI/IPA-002/IP-N00049/2016-17/10093 rlohiaandcompany@ gmail.com Ahmedabad 2 Mr. Shalabh Kumar Daga IBBI/IPA-001/IP-P00071/2017-18/10157 jlnus.ahd@ gmail.com […]

Uberrimae Fidei (Good Faith)

December 30, 2018 3969 Views 0 comment Print

The doctrine Uberrimae Fidei is originated from English law to the formation of insurance contract. Principle of Uberrimae fidei (a Latin phrase), or in simple English words, the Principle of Utmost Good Faith, is a very basic and first primary principle of insurance. Contract of Insurance is basically a contract for discharging indemnificatory liability by insurer for premium considered tendered by the insured to the insurer.

ICAI defers UDIN implementation to 1st Feb., 2019

December 30, 2018 1377 Views 0 comment Print

To enable TCS do the huge data migration and data audit which will require around 30 days before the UDIN Platform becomes mandatory, Central Council of ICAI has decided to mandate UDIN w.e.f 1st Feb., 2019 in a phased manner as against the earlier announced date of 1st Jan., 2019 .

Reminiscences of a CCIT: Public Relations, Grievances and Corruption

December 30, 2018 870 Views 0 comment Print

The most important aspects of a public service, public oriented, public contact department, like the Income Tax, are public relations, grievances and corruption. It is extremely important to handle these aspects in a meaningful and effective way.

DGFT & CBIC: The ugly face of corrupt practices

December 30, 2018 2577 Views 4 comments Print

There cannot be absolutely no quarrel with the fact that the DGFT is mandated to be the authority to facilitate the exporters. Therefore, it is really very surprising that why the DGFT should create stumbling blocks in the smooth implementation of the legal provisions contained in the FTP/HBP.  I am really very startled by the […]

Abridged Form of Directors Report for OPC and Small Companies

December 30, 2018 11760 Views 0 comment Print

Abridged Form of Directors Report For OPC And Small Companies Along-with Draft Notice of Annual General Meeting) {As per Provisions of Companies Act, 2013}

GST on Development Rights under Joint Development Agreement

December 30, 2018 24435 Views 3 comments Print

MEANING OF LAND DEVELOPMENT RIGHTS: Development rights mean the right to construct and own the superstructure of the land. Due to the increasing land prices, nowadays Joint development agreements (JDAs) are most prevalent form of land development in the real estate segment. Purchase of land makes it uneconomic for the developers to block huge capital […]

GST Council in a Bid to make Annual Return, “Easy-Peasy”

December 30, 2018 2133 Views 2 comments Print

The 31st GST Council Meeting was no less than Santa Clause for the trade and industry as many welcome amendments / clarifications have been proposed in the Annual Return.

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