We are morally bound to pay taxes, legally too. It is for the betterment of our own nation. The taxes we pay help the country develop and prosper, which is definitely good for the society at large.
As we all know that the finance act 2017 which is applicable for the previous year 2017-18 has made an amendment in Section 44AB (Tax Audit) by inserting a new proviso which has made the applicability of this section completely different.
In the recent past there have been a few instances of Fat Finger, Big Figure errors on the part of market participants in G Sec auctions. Realizing that such errors can cause financial loss to the bidders, Reserve Bank of India has developed a “Price / Yield range setting” facility on its Core Banking Solution (CBS) platform, viz. e-Kuber.
The Insolvency And Bankruptcy Code (Second Amendment) Bill, 2019 is been Introduced in Lok Sabha on 12th December 2019. Text of the Bill is as follows:- AS INTRODUCED IN LOK SABHA Bill No. 376 of 2019 THE INSOLVENCY AND BANKRUPTCY CODE (SECOND AMENDMENT) BILL, 2019 A BILL further to amend the Insolvency and Bankruptcy Code, […]
List of 31 circulars of Master Circular on OLTAS – withdrawn with immediate effect- List of 4 circulars of Master Circular on OLTAS – Continue to remain operational
Currently, on the import side, uploading of at least one document on e-Sanchit is mandatory for every Bill of Entry. This is now being modified to mandatorily uploading on eSANCHIT, for every Bill of Entry, Invoice/ Invoice cum packing list and Transport Contract i.e. Bill of Lading/ Airway bill etc., as the case may be.
Similarly, for exports to Nepal under South Asian Free Trade Area (SAFTA) and SAARC Preferential Trading Arrangement (SAPTA), the Preferential Certificate of Origin shall be applied and issued only from this platform with effect from 18th December 2019.
No. DC (A & R) PWR/JURIS-2012/2/ADM-8.—In exercise of the powers delegated under subsection (3) of section 10 of the Maharashtra Value Added Tax Act, 2002 (Mah. IX of 2005), the Commissioner of Sales Tax, Maharashtra State, Mumbai hereby with effect from the 22nd April 2019 amends the Notification No. DC (A & R)/PWR/JURIS-2012/2/Adm-8, dated the 6th November 2012, as follows, namely :––
It is hereby clarified that associations with ‘Network’ as a medium of referral of professional work is permissible only if the Network is registered with the Institute, comprising only of Chartered Accountants/ Chartered Accountant Firms, and governed by the Institute’s Network Guidelines
Office Order No. 254 of 2019 – Extension of ad-hoc appointment to the grade of Assistant Commissioner of Income Tax (ACIT) – reg F.No. A-32013/1/2016-Ad.VI(Part-11) Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes) **** North Block, New Delhi, The 12th December, 2019. Office Order No. 254 of 2019 In […]
