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Archive: June, 2019

Posts in June, 2019

Income Tax Notification No. 50/2019, Dated: 27.06.2019

June 27, 2019 2112 Views 0 comment Print

M/s. Rolls-Royce Defense Services, Inc., 450 South Meridian Street, Indianapolis, Indiana 46225-1103, United State of America, by way of royalty or fees for technical services received in pursuance of the Mission Ready Management Solutions Agreement (MRMS) No. CABS/18FET005/17-18, dated the 14 July 2017, entered into between M/s. Rolls-Royce Defense Services, Inc. and Centre for Air borne Systems, Defence Research and Development Organisation, Ministry of Defence, to the extent of USD 21,67,317.50, shall not be included in computing the total income of the said foreign company.

CBDT notifies ‘Karnataka Electricity Regulatory Commission’ for exemption U/s. 10(46)

June 27, 2019 927 Views 0 comment Print

Central Government hereby notifies for the purposes of the said clause, ‘Karnataka Electricity Regulatory Commission’, Bengaluru (PAN AAAGK0112L), a commission established by the Government of Karnataka, in respect of the following specified income arising to that Commission, namely:-

Delay in All India Annual General Transfer orders of Income Tax Officers- Reg.

June 27, 2019 3432 Views 0 comment Print

Joint Council of Action has always demanded for early issuance of Annual General Transfer orders (both at the Board level as well as local level) so that the transferred officers and staff members can settle down in their new places of posting from the beginning of the Financial Year and discharge their duties optimaly.

SEBI (Listing Obligations and Disclosure Requirements) (Third Amendment) Regulations, 2019

June 27, 2019 3549 Views 0 comment Print

Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Third Amendment) Regulations, 2019 SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 27th June, 2019 SECURITIES AND EXCHANGE BOARD OF INDIA (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) (THIRD AMENDMENT) REGULATIONS, 2019 No. SEBI/LAD-NRO/GN/2019/22.—In exercise of the powers conferred by section 11, sub-section (2) of […]

Interest not payable under GST if ITC availed but not utilized

June 27, 2019 74304 Views 7 comments Print

Hon’ble Patna High Court held that ITC availed but not utilized for tax payment doesn’t invite penal consequences of Section 73 of CGST Act, 2017 and interest cannot be recovered on mere availment of ITC which was not utilized

Notification No. 27/2019-Customs (N.T./CAA/DRI), dated: 27.06.2019

June 27, 2019 990 Views 0 comment Print

Appointment of Common Adjudicating Authority by Pr. DGRI vide Notification No. 27/2019-Customs (N.T./CAA/DRI) dated 27th June, 2019. Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs Directorate of Revenue Intelligence Notification No. 27/2019-Customs (N.T./CAA/DRI) New Delhi, dated the 27th June, 2019 S.O. 2190(E). – In pursuance of notification […]

Notification No. 26/2019-Customs (N.T./CAA/DRI) Dated: 27.06.2019

June 27, 2019 780 Views 0 comment Print

Appointment of Common Adjudicating Authority by Pr. DGRI vide Notification No. 26/2019-Customs (N.T./CAA/DRI) dated 27th June, 2019. Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs Directorate of Revenue Intelligence Notification No. 26/2019-Customs (N.T./CAA/DRI) New Delhi, dated the 27th June, 2019 S.O. 2189 (E). – In pursuance of notification […]

Notification No. 25/2019-Customs (N.T./CAA/DRI) Dated: 27.06.2019

June 27, 2019 1686 Views 0 comment Print

Appointment of Common Adjudicating Authority by Pr. DGRI vide Notification No. 25/2019-Customs (N.T./CAA/DRI) dated 27th June, 2019. Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs Directorate of Revenue Intelligence Notification No. 25/2019-Customs (N.T./CAA/DRI) New Delhi, dated the 27th June, 2019 S.O.2188 (E). – In pursuance of notification No. […]

Notification No. 24/2019-Customs (N.T./CAA/DRI), Dated: 27.06.2019

June 27, 2019 1467 Views 0 comment Print

Appointment of Common Adjudicating Authority by Pr. DGRI vide Notification No. 24/2019-Customs (N.T./CAA/DRI) dated 27th June, 2019.

Save Income Tax- Form Your HUF

June 27, 2019 10917 Views 7 comments Print

Hindu Undivided Family (HUF) is known to be a very good tax saving tool in India in an ethical & compliant way. Though it is not so widely used by the people as it could have been. Let’s understand who can form an HUF & how is it taxed under the Income Tax Act: Formation […]

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