"08 February 2019" Archive

CA IPC / Intermediate November 2018 Exams Pass Percentage & Toppers

The results of Chartered Accountants Intermediate (IPC) & Intermediate (New) Examination were declared today by the Institute of Chartered Accountants of India (ICAI). Chartered Accountants Intermediate (IPC) Examination held in November, 2018 I. Details of top three rank holders on All India Basis for Chartered Accountants Intermedia...

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Posted Under: Income Tax | ,

Due date to file Form GSTR-7 for January extended to 28.02.2019

Notification No. 8/2019–Central Tax (08/02/2019)

CBIC extends the time limit for furnishing the FORM GSTR-7 return by a registered person required to deduct tax at source under GST Law for the month of January, 2019 till the 28th day of February, 2019....

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Companies (Significant Beneficial Owners) Amendment Rules, 2019

[ F.No. 1/1/2018 CL-V] (08/02/2019)

Central Government hereby makes the following rules further to amend the Companies (Significant Beneficial Owners) Rules, 2018, namely These rules may be called the Companies (Significant Beneficial Owners) Amendment Rules, 2019....

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RCM on Import of Service & Intellectual Property Right

Varsha Vasante Gowda This article would help persons who have large number of foreign clients, persons who attend foreign business events held outside India, or have Holding company outside India. Service sector plays an important role in technology diffusion especially in areas such as financial services, computing and information proces...

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Posted Under: Income Tax |

HC allows interest on borrowed Funds advanced to Subsidiary Companies

Pr. CIT Vs DLF Hotel Holding Ltd. (Delhi High Court)

DLF Hotel Holding Case: Interest On Borrowed Funds Allowed As Deduction Under Section 36(1)(iii) Even If Some Of Funds Financed To Subsidiary Companies...

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SEBI notifies Format for annual secretarial audit report & compliance report

Circular No. CIR/CFD/CMD1/27/2019 (08/02/2019)

Format for annual secretarial audit report and annual secretarial compliance report for listed entities and their material subsidiaries as notified by SEBI on 08.02.2019...

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SC order on resolution plan for Kamineni Steel & Power

K. Sashidhar Vs Indian Overseas Bank & Ors. (Supreme Court of India)

K. Sashidhar Vs Indian Overseas Bank & Ors. (Supreme Court of India) In the present case, however, we are concerned with the provisions of I&B Code dealing with the resolution process. The dispensation provided in the I&B Code is entirely different. In terms of Section 30 of the I&B Code, the decision is taken collectively...

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HC releases bank A/c of directors which were attached for GST liability of Company

H.M. Industrial Pvt. Ltd Vs Commissioner, CGST And Central Excise (Gujarat High Court)

On behalf of the respondents, reliance has been placed upon the provisions of section 89 of the CGST Act to submit that the same permits recovery of the dues of the private company from its directors in case such amount cannot be recovered from the company. ...

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Invest less while you earn and enjoy more, if you are retired

> Longevity is a fact– we elders live longer. In 2018, in one of our retirement communities, based on eleven of CovaiCare family members who left for their heavenly abode, their average age was 83 years....

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Posted Under: Income Tax |

CBDT Forms Committees on litigation management including International Good practices

F No 279/Misc./M-120/2018-(ITJ) (08/02/2019)

As per the discussion held during Judicial Conference held on 04.01.2019, a committee is being constituted to examine the suggestions/issues on litigation management emerging out of the Conference. The composition or the Committee is as follows:...

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