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Archive: 07 March 2019

Posts in 07 March 2019

Finally Rajasthan got Permanent Regulatory body to Regulate Real Estate Sector

March 7, 2019 1458 Views 1 comment Print

The Real Estate (Regulation & Development) Act, 2016 has come into force on 1st May, 2016 and as per the provisions of the Act, the state government has to form the rules and incorporate the regulatory authority within 1 year from the enforcement of the same so as to regulate the real estate sector in […]

Revisional order U/s 263 sustained in case of Anil Kapoor‘s Production Company

March 7, 2019 2760 Views 0 comment Print

evisional order passed by the Principal Commissioner in case of Anil Kapoor Film Co. Pvt. Ltd was upheld as AO had not made enquiries/verification, to satisfy himself with respect to creditworthiness of the lender and genuineness of the transactions before framing the assessment.

Basic Details for DIN and its allotment process

March 7, 2019 9906 Views 2 comments Print

Today the topic with which I am dealing is ‘Process to apply for Director Identification Number DIN’ Q.1. What is Director Identification Number (DIN)? A. DIN is an 8-digit Unique Director Identification Number allotted by the Central Government to any person intending to become a Director/Designated Partner of  a company/LLP. Q.2. Is DIN Same as […]

How to Deposit Punjab State development / Professional Tax

March 7, 2019 36624 Views 10 comments Print

Deposit of Punjab Professional Tax Introduction Article 276, Clause 2 of the Indian Constitution covers the provision concerning professional tax in the country. Professional tax is imposed by state governments on the individuals who are employed in governmental, private and non-governmental organizations. The quantum of levy varies according to the strata of income, but wouldn’t […]

Customs Rate of Exchange of Foreign Currency wef 08.03.2019

March 7, 2019 2436 Views 0 comment Print

Customs Rate of Exchange of Foreign Currency Conversion wef 08.03.2019 notified vide Notification No. 21/2019 – Customs (N.T.) dated 7th March, 2019.

Non-Filing of I-T Returns not necessarily mean no source of Income

March 7, 2019 16173 Views 0 comment Print

Non-filing of Income Tax Return by itself would not mean that the complainant had no source of income and thus, no adverse inference can be drawn in this regard only because of absence of Income Tax Return.

Cabinet approves procedure & mechanism for Strategic Disinvestment of CPSEs

March 7, 2019 480 Views 0 comment Print

Cabinet approves procedure and mechanism for Strategic Disinvestment of the CPSEs – delegation thereof The Cabinet Committee on Economic Affairs chaired by the Prime Minister has approved delegation of the following to Alternative Mechanism in all the cases of Strategic Disinvestment of CPSEs where CCEA has given ‘in principle’ approval for strategic disinvestment: (i) The […]

Cabinet approves creation of Post of Technical Member in SAT, Mumbai 

March 7, 2019 480 Views 0 comment Print

The Union Cabinet chaired by Prime Minister Narendra Modi has approved the proposal for creation of the Post of Technical Member in Securities Appellate Tribunal (SAT), Mumbai at the level of Secretary to the Government of India in the pay scale of Rs. 2,25,000/- (fixed) or Level 17 of the Pay Matrix as per the […]

Cabinet approves Scheme to Rebate State and Central Embedded Taxes to Support Textile Sector 

March 7, 2019 453 Views 0 comment Print

Cabinet approves Scheme to Rebate State and Central Embedded Taxes to Support the Textile Sector The Union Cabinet chaired by Prime Minister Narendra Modi has approved the Scheme to Rebate State and Central Embedded Taxes to Support the Textile Sector. This will enable the Government to take various measures for making exports of apparel and […]

PM releases new series of visually impaired friendly coins

March 7, 2019 687 Views 0 comment Print

The Prime Minister, Shri Narendra Modi, today, released the new series of visually impaired friendly circulation coins,in New Delhi.Rs.1, Rs.2, Rs.5, Rs.10 and Rs.20 are the various denominations of coins released as part of the new series. The coins were released at a function at 7, Lok Kalyan Marg, where visually impaired children were specially […]

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