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Income Tax Searches in Tamil Nadu net more than Rs 700 crore

August 10, 2019 846 Views 0 comment Print

The Income Tax Department conducted a search and seizure operation on 06.08.2019 in the case of one of the major producers of beer and IMFL in Tamil Nadu. The search action was launched in the early hours of Tuesday at 55 premises in various places in Tamil Nadu including Chennai, Coimbatore, Thanjavur, etc and also in Kerala, Andhra Pradesh and Goa. The premises included residences of the promoters, key employees and some of the suppliers of materials.

Budget 2018 – Proposed Changes in Customs Law

August 9, 2019 3114 Views 0 comment Print

Changes in Budget ♠ Changes in Customs tariff ( Rates) -Make in India theme -Reduction in duty on raw materials -Increase in duty on finished goods ♠ Significant Changes in Legislative Changes in Customs Act, 1962 ♠ Changes in Customs tariff Act, 1975 Budgetary Changes Customs Duty Rates Customs Tariff: Notification No. 6/2018-Customs to No. […]

Angel Tax relaxation to Startups even if addition was made before 19.02.2019

August 9, 2019 7341 Views 0 comment Print

Notification no. G.S.R. 127 (E) dated 19.02.2019 will be applicable to those Startup Companies also where addition u/s 56(2)(viib) has been made in an assessment order under the IT Act before 19thFebruary, 2019 provided the assessee has subsequently submitted the declaration in Form-2 that it fulfils the conditions mentioned in Para-4 of the above-referred notification.

Amendment to Master Direction (MD) on KYC

August 9, 2019 804 Views 0 comment Print

A proviso has been added to condition (b) of Section 23 of the Master Direction to the effect that, where the individual is a prisoner in a jail, the signature or thumb print shall be affixed in presence of the officer in-charge of the jail and the said officer shall certify the same under his signature and the account shall remain operational on annual submission of certificate of proof of address issued by the officer in-charge of the jail.

Motor Vehicles (Amendment) Act, 2019

August 9, 2019 13905 Views 0 comment Print

(1) This Act may be called the Motor Vehicles (Amendment) Act, 2019. (2) It shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint and different dates may be appointed for different provisions of this Act and any reference in any such provision to the commencement of this Act shall be construed as a reference to the coming into force of that provision.

Initiation of Sunset review investigation | Imports of Flexible Slabstock Polyol

August 9, 2019 531 Views 0 comment Print

Case No. SSR 05/2019- Sub: – Initiation of Sunset review investigation concerning imports of Flexible Slabstock Polyol originating in or exported from Singapore.

Govt notifies Multilateral Convention to implement Measures to Prevent BEPS

August 9, 2019 777 Views 0 comment Print

Whereas the Multilateral Convention to Implement Tax Treaty related Measures to Prevent Base Erosion and Profit Shifting (hereinafter referred to as the “the said Convention”) was signed by India at Paris, France on the 7th day of June, 2017;

CBDT Enhances Monetary limits for filing of Income Tax appeals

August 8, 2019 61203 Views 0 comment Print

CBDT Further Enhances Monetary limits for filing of appeals by the Department before Income Tax Appellate Tribunal, High Courts and SLPs/appeals before Supreme Court – Amendment to Circular 3 of 2018 – Measures for reducing litigation.

5 ways to plan your home loan EMIs

August 8, 2019 2811 Views 0 comment Print

If you are already an existing home loan user or applying for one soon, you must be aware that EMIs consume a large portion of your earnings. You have to manage these EMIs well before even signing the agreement. You should ensure the EMIs do not dent your expenses. Therefore, lenders have the home loan […]

5 advantages of opting for a home loan

August 8, 2019 2355 Views 0 comment Print

Wit the rising prices of real estate, buying a home can be quite strenuous financially for an individual. But with financial institutions providing loan products like a home loan, the purchase of a home becomes easy for an individual. In a home loan, the individual will be provided with the loan amount for the purchase […]

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