"18 July 2019" Archive - Page 4

Significant Beneficial Owner – Lifting of Corporate Veil!

On June 14, 2018, MCA issued the Companies (Beneficial Interest and Significant Beneficial Interest) Rules 2018 and enforced section 90 of the Act. On Feb 8, 2019, MCA has notified the revised rules on SBO. The sole objective of these rules is ‘to identify the ultimate beneficial individual or group of individuals who have control or o...

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Posted Under: Company Law |

Extend due date of filing Income Tax Return: AIFTF

All India Federation of Tax Practitioners has submitted a Memorandum to request for Extension of Date for filing Income Tax Return for assessment year 2019-20 considering hardship of taxpayers....

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Extend due date for filing of Income-tax returns to 30th Sept 2019

Tax Bar Association, Jodhpur has written a letter to Union Finance Minister, Smt. Nirmala Sitharaman  and Request for Extension of due date for filing of Income-tax returns from 31st July, 2019 to 30th Sept 2019. Extension is requested in view of enormous delay on part of department to provide IT forms preparation software, Dynamic amend...

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Posted Under: Company Law | ,

Ind AS-8, Accounting Policies, Changes in Accounting Estimates & Errors

ICAI Educational Material on Indian Accounting Standard (Ind AS) 8, Accounting Policies, Changes in Accounting Estimates and Errors In this era of globalised economies, the Institute of Chartered Accountants of India (ICAI) has been at the forefront of ensuring high quality accounting standards in India. Financial reporting has got new di...

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Posted Under: Company Law |

Corrigendum to Circular No. 45/19/2018-GST dated 30th May, 2018

Corrigendum to Circular No. 45/19/2018-GST (18/07/2019)

For the tax periods commencing from 01.07.2017 to 30.06.2019, such registered persons shall be allowed to file the refund application in FORM GST RFD-01A on the common portal subject to the condition that the amount of refund of integrated tax/cess claimed shall not be more than the aggregate amount of integrated tax/cess mentioned in the...

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