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Archive: 08 August 2019

Posts in 08 August 2019

5 advantages of opting for a home loan

August 8, 2019 2301 Views 0 comment Print

Wit the rising prices of real estate, buying a home can be quite strenuous financially for an individual. But with financial institutions providing loan products like a home loan, the purchase of a home becomes easy for an individual. In a home loan, the individual will be provided with the loan amount for the purchase […]

66.6% Indians are open to taking loans reports study

August 8, 2019 711 Views 0 comment Print

Family aspirations and upgrading lifestyle is the primary reason for seeking loans by 46% Indians. 33% of Indians are likely to purchase Consumer durables such as smartphones, refrigerators, TV etc. on EMIs to be able to upgrade lifestyle. Loan culture penetrating deep in non-metro cities. Cities like Jaipur, Patna, Lucknow and Nagpur are driving this trend.

Govt repeals 58 Act and amends 2 Acts (Amends section 54GA of Income Tax Act, 1961)

August 8, 2019 1275 Views 0 comment Print

MINISTRY OF LAW AND JUSTICE (Legislative Department) New Delhi, the 8th August, 2019 The following Act of Parliament received the assent of the President on the 8th August, 2019, and is hereby published for general information:— THE REPEALING AND AMENDING ACT, 2019 NO. 31 OF 2019 [8th August, 2019.] An Act to repeal certain enactments […]

DGFT enable online filing of Application to avail TMA assistance

August 8, 2019 2298 Views 0 comment Print

Exporters can now file applications online to avail assistance under the ‘Transport and Marketing Assistance (TMA) for Specified Agriculture Products’ Scheme on E-COM module.

National Medical Commission Act, 2019

August 8, 2019 642 Views 0 comment Print

National Medical Commission Act, 2019 to provide for a medical education system that improves access to quality and affordable medical education, ensures availability of adequate and high quality medical professionals in all parts of the country;

No GST exemption on Deposit Work undertaken by State Transmission Utility

August 8, 2019 2364 Views 0 comment Print

In re Uttar Pradesh Power Transmission Corporation Limited (GST AAR Uttar Pradesh) i. Whether the Deposit Work undertaken by Applicant is an integral part of supply of services of transmission or distribution of electricity? Ans: No. ii. Whether the Deposit Work undertaken by Applicant is ancillary to the principal supply of transmission or distribution of […]

Demise of CA in 2016 not a reasonable cause for no Audit of Books for A.Y. 2009-10

August 8, 2019 807 Views 0 comment Print

Sri. Abdul Azeez M Vs ACIT (ITAT Cochin) Admittedly in this case, no audit report has been filed for assessment year 2009-2010. It is the contention of the assessee that there was a reasonable cause as mandated u/s 273B of the I.T.Act. It was submitted by the learned AR that consequent to search and seizure […]

Maharashtra Value Added Tax (Third Amendment) Rules, 2019

August 8, 2019 2559 Views 0 comment Print

FINANCE DEPARTMENT Madam Cama Marg, Hutatma Rajguru Chowk Mantralaya, Mumbai 400 032, dated 8th August 2019 MAHARASHTRA VALUE ADDED TAX ACT, 2002. No. VAT-1519/CR-89/Taxation-1.—Whereas, the Government of Maharashtra is satisfied that circumstances exist which render it necessary to take immediate action further to amend the Maharashtra Value Added Tax Rules, 2005 and to dispense with […]

Administrative changes in jurisdiction of Chief Commissioner Customs Zone II Mumbai.

August 8, 2019 405 Views 0 comment Print

Notification No. 58/2019-Customs (N.T.) – Administrative changes in the jurisdiction of Chief Commissioner Customs Zone II Mumbai.

Tariff Notification No. 57/2019-Customs (N.T.), Dated: 08.08.2019

August 8, 2019 1323 Views 0 comment Print

Tariff Notification No. 57/2019-Customs (N.T.), Dated: 08.08.2019 in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Silver. Government of India Ministry of Finance (Department of Revenue) (Central Board of Indirect Taxes and Customs) Notification No. 57/2019-CUSTOMS (N.T.) New Delhi, 8th August, 2019 17 Shravana, 1941 (SAKA) S.O. […]

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