When assessee had not earned any exempt income during the relevant assessment year, disallowance under section 14A could not be made.
If you run a small business, a startup or if you prefer to manage your personal finances by yourself, make sure you learn all the necessary accounting hacks. Accounting is a very important aspect of everyone’s finances, whether personal or business ones. Even if you hire an accountant to manage your books, you should still […]
Beware of phishing and fraudulent scams related to income tax. Learn how to identify and report phishing emails and fake websites.
The date for implementation of Track and Trace system for export of drug formulations with respect to maintaining the Parent-Child relationship in packaging levels and its uploading on Central Portal has been extended upto 15.11.2018 for non SSI manufactured drugs as well as SSI manufactured drugs.
Reference is invited to Notification No. 4 dated 25.4.2018 amending the import policy of Peas under Exim Code 07131000, Chapter 7 of the ITC (HS) 2017 on the above subject. In this regard, as already notified, total quantity of Peas available for import during the period from 01st April to 30th June, 2018 is one lakh MT minus the quantity already imported from 01.04.2018.
Requirement of PSIC is dispensed with for import of metallic waste and scrap from safe countries through six ports where portal monitors and container scanners are operational.
In exercise of powers conferred under paragraph 2.04 of the Foreign Trade Policy, 20152020, the Director General of Foreign Trade hereby inserts the name of Krishnapatnam Port in para No. 2.54 (d)(iv) as under:
Quick Insight- 2017 for the CA fraternity, highlighting latest developments in the profession. The Quick Insight contains important information on tax, accounting & auditing standards, limited liability partnership, Companies Act, statements and standards and standards on audit as well as important information for Members.
The Congress Party’s impeachment motion against the Chief Justice of India was wholly misconceived. It is poorly drafted and lacked in substance. Many of its traditional allies were not willing to take on this confrontation with the judicial institutions.
The present system of filing of GST Returns as contained in section 37, 38 and 39 of the CGST Act requires filing of monthly returns in three stages by three different dates of the Month. To be specific, Form GSTR-1 is required be filed by 10th of the next month, Form GSTR-2 is required to be filed by 15th of the next month and Form GSTR-3 is required to be filed by 20th of the next month. S
