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Archive: November, 2019

Posts in November, 2019

Cenvat credit on motor vehicles– No need for exclusive use in listed services

November 7, 2019 2124 Views 0 comment Print

The motor vehicles need not be used exclusively for providing cargo handling or other listed services. The mere fact that they have also used motor vehicles for some other purposes does not deprive them of their CENVAT Credit on motor vehicles.

ICAI clarifies on Effective Date of Validity of Peer Review Certificate

November 7, 2019 7668 Views 0 comment Print

The Peer Review Certificate will henceforth be effective from the date of submission of final clean report irrespective of date of Peer Review Board meeting in which it is approved.

JKGST Act, 2017 to apply to UTs of Jammu & Kashmir and of Ladakh

November 7, 2019 936 Views 0 comment Print

Section 95 of the Jammu and Kashmir Reorganisation Act, 2019. 95. Territorial extent of laws. (1) All Central laws in Table -1 of the Fifth Schedule to this Act, on and from the appointed day, shall apply in the manner as provided therein, to the Union territory of Jammu and Kashmir and Union territory of […]

Private Bank CEO Salary: RBI revises compensation guidelines

November 7, 2019 3780 Views 0 comment Print

Effective governance of compensation – The Board of Directors to oversee compensation system’s design and operation, monitor the compensation system, and staff engaged in financial and risk control must be independent and compensated irrespective of the areas supervised by them. All in altruistic sense.

Summary of Income Tax Notifications/ Circular of October 2019

November 7, 2019 6210 Views 0 comment Print

Stay up to date with the latest Income Tax Notifications and Circulars for October 2019. Get all the important updates and amendments in one place.

SEBI permits Creation of segregated portfolio in mutual fund schemes

November 7, 2019 1395 Views 1 comment Print

SEBI decided to permit creation of segregated portfolio of unrated debt or money market instruments by mutual fund schemes of an issuer that does not have any outstanding rated debt or money market instruments

Guideline for GST Practitioners eligible to appear in examination

November 7, 2019 7947 Views 4 comments Print

A. Guidelines for filling up application form: 1. All GST Practitioners who are eligible to appear in the examination are required to submit online application on the Examination registration portal. Link of the portal shall be provided on official websites of NACIN and CBIC.

Cabinet approves Special Window for funding of stalled housing projects

November 6, 2019 609 Views 0 comment Print

Cabinet approves Special Window for funding of stalled Affordable and Middle-Income housing projects The Union Cabinet chaired by Prime Minister Shri Narendra Modi today approved the establishment of a ‘Special Window’ fund to provide priority debt financing for the completion of stalled housing projects that are in the Affordable and Middle-Income Housing sector. For the […]

Delhi Court convicts a Director for holding Directorship of More than 20 Companies

November 6, 2019 5331 Views 0 comment Print

Under the Rule 16 of The Companies (Appointment and Qualification of Directors) Rules 2014, the accused has the responsibility being Director to forward to the Registrar copy of resignation along with the applicable fees in Form DIR-11 within 30 days of such resignation.

Cabinet approves amendment of DTAA between India and Brazil

November 6, 2019 1758 Views 0 comment Print

Cabinet approves protocol amending the Convention between India and Brazil for the avoidance of double taxation and prevention of fiscal evasion with respect to taxes on income he Union Cabinet Chaired by the Prime Minister Shri Narendra Modi approved the signing of the Protocol amending the Convention between the Government of the Republic of India […]

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