THE FINANCE (NO. 2) ACT, 2019 – NO. 23 OF 2019 received the assent of the President on the 1st August, 2019, and is hereby published for general information:—
Seeks to further amend notification No. 1/2017-Customs(ADD) dated 5th January, 2017 to prescribe ADD on exports from M/s. Natural Jute Mill (Producer/Exporter) [Bangladesh] and M/s Kreation Global, LLC,USA (Exporter/ Trader) [Bangladesh] on the basis of final findings of the Designated Authority in this regard. Government of India Ministry of Finance (Department of Revenue) Notification No. 30/2019-Customs […]
Seeks to rescind notification No.23/2018 – Customs(ADD) dated 23.03.2018 that provided for provisional assessment of jute goods exported from Bangladesh or Nepal by M/s. Natural Jute Mill (Producer/Exporter) [Bangladesh] and M/s Kreation Global, LLC,USA (Exporter/ Trader) [Bangladesh] till the final findings of New Shipper Review in this regard are received. GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department […]
The GST council in its 34th meeting held on 19.03.2018 has made some recommendations with regards to the long awaited demands of the real estate industry. The industry is struggling with the low demand and cumbersome compliances imposed by the legislations since the introduction of GST, RERA etc. While we can say that such changes […]
Wholesale Trading Services P Ltd. Vs ICAI (Delhi High Court) Before concluding, it is also relevant to note that the petitioner has been filing various petitions before this Court in respect of complaints made before ICAI, despite having no particular interest in the matter. As noticed above, the petitioner has no connection or dealing with […]
ACIT Vs Rohini Hotel (Madras) Pvt. Ltd. (ITAT Chennai) A perusal of the Page Nos. 6-13 of the Paper Book filed by the assessee shows that the assessee has filed certain reconciliation statements in respect of the shortfall of investments u/s. 68 added by the AO. The same are scanned and made a part of […]
Where the documentary evidences furnished by assessee clearly supported the claim of exemption under section 10(38) on account of sale of securities that assessee entered into genuine transaction of sale of shares through recognized exchange upon which STT had also been paid and there was no other evidence available on record against assessee so as to make the impugned addition under section 68, accordingly, addition was to be deleted.
Today, every business sector, industry or organization is using technology as their ultimate source to grow, prosper and serve customers in the most advanced way. Mutual Fund industry is also one such business sector that has seen unprecedented growth in the past several years, all thanks to the usage of highly advanced technology facilitated by […]
Reserve Bank of India RBI/2019-20/28 DGBA.GBD.No.250/31.12.010/2019-20 August 1, 2019 All Agency Banks Dear Sir / Madam Master Circular on Conduct of Government Business by Agency Banks – Payment of Agency Commission Please refer to our Master Circular RBI/2018-19/2 dated July 2, 2018 on the above subject. We have now revised and updated the Master Circular which consolidates […]
The Ministry of Corporate Affairs has issued a General Circular No. 07/2019 dated 27TH June, 2019 and has clarified the following: a) Every person who has already filed DIR-3 KYC will only be required to complete his / her KYC through a simple web-based verification service, with pre-filled data based on the records in the registry, for ease of verification by the person concerned.
