Housing Finance Institutions as defined under Clause (d) of Section 2 of the National Housing Bank Act, 1987 are currently exempt from the provisions of Chapter IIIB of Reserve Bank of India Act, 1934. On a review, it has been decided to withdraw these exemptions and make the provisions of Chapter IIIB except Section 45-IA of Reserve Bank of India Act, 1934, applicable to them.
Empanelment of the following officers for promotion to the grade of Chief Commissioner of Income Tax (CCIT) in the Indian Revenue Service (Income Tax) in Level 16 in the Pay Matrix (Rs.205400-224400/-) for the panel years 2018 (Supplementary Panel) and 2019 (Regular Panel), w.e.f. the date of assumption of the charge of the post and until further orders:
Empanelment of following officers for promotion to the grade of Principal Commissioner of Income Tax in the Indian Revenue Service (Income Tax) in- Level 15 in the pay matrix (Rs.182200-224100/-) for the panel years 2016-17 (Revised Panel), 2017-18 (Regular Panel) and 2018 (Regular Panel), w.e.f. the date of assumption of the charge of the post and until further orders:
Notification No. 44/2019-Customs (ADD)– Seeks to amend notification No. 1/2017-Customs dated 5th January, 2017 to insert S. Nos. 48 to 52 in the duty table to finalize the assessment of exports of jute products by M/s. Roman Jute Mills Ltd. (Producer/Exporter) and M/s SMP International, LLC, USA (Exporter/ Trader), M/s Aziz Fibres Limited (Producer/Exporter), M/s […]
Seeks to rescind notification Nos. 24/2018- Customs (ADD) the dated 7th May, 2018, 41/2018- Customs (ADD) and 42/2018- Customs (ADD) dated 24th August, 2018 which had prescribed provisional assessment on export of jute products from Bangladesh by specified exporters. GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) Notification No. 43/2019-Customs (ADD) New Delhi, the […]
ICSI request MCA for considering granting exemption from delayed filing fee for DIR 3KYC for the directors resident in the UT of Jammu and Kashmir and UT of Ladakh.
The taxpayers who have missed claiming transitional credits initially can now claim the same. The suggested course of action is as under: 1. Apply to the Nodal officer on or before 31.12.2019 for enabling the filing of Form GST Tran-1 online. 2. If the application is rejected or not acted in a reasonable time, file a writ petition before the Jurisdictional HC for necessary directions.
Please find attached herewith an Excel Utility to check the Interest u/s. 234A, 234B and 234C of Income Tax Act, 1961. It’s a utility in which you need to enter very few details in just 2 minutes and you will get instantly a detailed report with descriptions as to how the interest under above mentioned sections are calculated. Hence, in 2 minutes, the calculation can be done which otherwise would have consumed your plenty of time.
Learn about the procedure of recovery under the Income Tax Act and understand the different modes of recoveries available.
Smeara Enterprises Vs State Tax Officer (Kerala High Court) In case of detention of goods, where the assessee had paid 10% of the remaining amount of tax in dispute, the recovery proceedings for the balance amount shall be deemed to be stayed. We find force in the above said contention. Subsection (7) of S.107 provides […]
