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No advocate / chartered accountants can represent willful defaulter

March 11, 2019 5871 Views 0 comment Print

Assessee-company being a ‘willful defaulter’ could not be represented through the lawyers or Chartered Accountants as the personal hearing was available only to borrower Director and Promoter of the alleged default unit.

ICAI announces revised exam schedule of CA Exams

March 11, 2019 1431 Views 0 comment Print

POSTPONEMENT OF CHARTERED ACCOUNTANT EXAMINATIONS, MAY 2019 It is hereby notified for general information that in view of Elections to the 17th Lok Sabha Parliamentary Constituencies across the country, the Chartered Accountant Examinations initially scheduled from 2nd May 2019 to 17th May 2019 stand rescheduled and the said examinations shall now be held from 27th May 2019 to 12th June, 2019 as per details given below.

3 Investment Options Offering You Equity Returns at Lower Risk

March 11, 2019 1704 Views 0 comment Print

Most investors in India want to invest into options that can get them sky-high returns in the shortest possible tenure and without risking the principal money invested. As a result, these investors are always on the lookout for risk-free investment plans that can multiply their money many-folds within a few months or years only. However, […]

5 Smart Tips to Get a Personal Loan at a Low Interest Rate

March 11, 2019 2232 Views 0 comment Print

The stars don’t have to align perfectly for you to find a good, low-interest personal loan; all you need is judicious financial planning. A kind of an unsecured loan, a personal loan is a handy financial tool that is easy to apply and in most cases, hassle-free to repay. However, since you don’t secure the […]

AO need not refer to DVO if he accepts property valuation of registered valuer

March 11, 2019 3792 Views 0 comment Print

Where AO was satisfied from the valuation report of the Registered Valuer (approved by the Govt.) for the valuation of property furnished by assessee, he was not mandatory required to refer the matter for valuation of property to DVO. 

General Elections – 2019 Schedule of Elections

March 11, 2019 2130 Views 0 comment Print

General Elections – 2019 Schedule of Elections to Lok Sabha and  to State Legislative Assemblies  of 4 States Election Commission of India today announced the schedule for 2019 General Elections to Lok Sabha and  to State Legislative Assemblies of Andhra Pradesh, Arunachal Pradesh, Odisha and Sikkim. Click here to See Schedule:

Leased Rent for Open Land Taxable under Income from Other Sources

March 9, 2019 28803 Views 0 comment Print

Sh. Naresh Kumar Anand HUF Vs Pr. CIT (ITAT Jalandhar) Facts: Notice u/s 148 was issued on 09.02.2009 on the point that M/s. L&T paid an amount of INR 14 Lakhs to the assessee as lease rent for land which was declared by the assessee in its return under the head ‘Income from House Property’ […]

Retrospective application of CBDT Circular clarifying no TDS to be deducted for Bank Guarantee Commission

March 9, 2019 1854 Views 0 comment Print

No disallowance u/s 40(a)(ia) could be made for non deduction of TDS on bank commission / guarantee fee as CBDT vide Circular No. 56/2012 had clarified that no TDS was required to be deducted on bank guarantee commission, etc. and the same was retrospective applicable.

Letting Out of Port Premises cannot be classified as ‘Port Service

March 9, 2019 2733 Views 0 comment Print

M/s. Kandla Port Trust Vs CCE&ST (CESTAT Ahmedabad) Letting Out of Port Premises Cannot Be Classified As ‘Port Service’ and Cenvat Credit on Telephone At Residential Premises Of Officers Allowed Since Port Operates 24*7. SERVICE TAX ON TOLL COLLECTION AND ENTRY FEE – Assessee relied on Circular no. 354/27/2012-TRU dated 22.02.2012 wherein it was clarified […]

Shri Subhash Chandra Garg appointed as Finance Secretary

March 9, 2019 483 Views 0 comment Print

The Appointments Committee of the Cabinet has approved designating Shri Subhash Chandra Garg, lAS (RJ:1983), Secretary, Department of Economic Affairs, Ministry of Finance as Finance Secretary.

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