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SEBI signs MoU with MCA to facilitate sharing of data & information

June 7, 2019 786 Views 0 comment Print

The MoU comes into force from the date it was signed and is an ongoing initiative of MCA and SEBI, who are already collaborating through various existing mechanisms. A Data Exchange Steering Group also has been constituted for the initiative, which will meet periodically to review the data exchange status and take steps to further improve the effectiveness of the data sharing mechanism.

Section 54F Exemption without evidence of Agreement & Payment not allowable

June 7, 2019 2388 Views 0 comment Print

Smt. Archana Kanwar Vs ITO (ITAT Chennai) We have heard both the sides, perused the materials available on record and gone through the orders of authorities below. During the previous year relevant to the assessment year 2012-13, the assessee sold a vacant plot at Gurgaon, Haryana for a consideration of ₹.75,00,000/- after reducing the index […]

RBI releases Prudential Framework for Resolution of Stressed Assets

June 7, 2019 3999 Views 0 comment Print

Accordingly, the Reserve Bank has today placed on its website the prudential framework for resolution of stressed assets by banks in the wake of the judgement of the Hon’ble Supreme Court of India.

Companies (Incorporation) Sixth Amendment Rules, 2019

June 7, 2019 10932 Views 0 comment Print

Companies (Incorporation) Sixth Amendment Rules, 2019– MCA notifies new Form No. INC-32 (SPICe form) Application for grant of License to an existing company under section 8 vide notification No. G.S.R. 411(E) dated 7th June, 2019. MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 7th June, 2019 G.S.R. 411(E).—In exercise of the powers conferred by sub-sections […]

Maharashtra PT -Returns & Tax Payment by employers- Limit increased

June 6, 2019 6660 Views 0 comment Print

Maharashtra State Tax on Professions, Trades, Callings and Employments (Amendment) Rules, 2019 FINANCE DEPARTMENT Madam Cama Marg, Hutatma Rajguru Chowk, Mantralaya, Mumbai 400 032, dated the 6th June 2019. NOTIFICATION MAHARASHTRA STATE TAX ON PROFESSIONS, TRADES, CALLINGS AND EMPLOYMENTS ACT, 1975. No. PFT-2019/C.R.8/Taxation-3.—Whereas the Government of Maharashtra is satisfied that circumstances exist which render it […]

CCI imposes penalty on Chemists & Druggists Association & Pharmaceutical Companies 

June 6, 2019 876 Views 0 comment Print

Competition Commission of India (‘Commission’) has found Madhya Pradesh Chemists and Druggist Association (‘MPCDA’), Indore Chemists Association (‘ICA’), Himalaya Drug Company (‘HDC’) and Intas Pharmaceuticals Limited (‘IPL’) along with some of their office bearers/officials to be in contravention of the provisions of the Competition Act, 2002 (‘Act’).

CBIC notifies Rate of Exchange of Foreign Currencies wef 07.06.2019

June 6, 2019 2640 Views 0 comment Print

Customs Rate of Exchange of Foreign Currency Conversion w.e.f. 7th June, 2019 notified vide Notification No. 40/2019–Customs (N.T.) dated 6th June, 2019. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) ***** Notification No. 40/2019–Customs (N.T.) New Delhi, dated the 6th June, 2019 In exercise of the powers […]

Statutory Audit Report Format for Public Limited Companies

June 6, 2019 38565 Views 1 comment Print

Draft Statutory Audit Report Format for F.Y. 2018-19 for Public Limited Companies. Note : The items shown with Red Font are possible alternative reporting based on client circumstances. Kindly apply your judgement and professional skepticism in using the appropriate reporting. INDEPENDENT AUDITORS’ REPORT To The Members of ________________ Limited Report on the audit of the […]

All about Form GSTR 9A & How to Prepare & File

June 6, 2019 29271 Views 4 comments Print

Article explains About Form GSTR-9A, Opt in and Opt out of composition & Form GSTR-9A, Pre-conditions of Filing Form GSTR-9A, Filing Nil Form GSTR-9A, Filing Form GSTR-9A, Entering Details in Tables of Form GSTR-9A, Form GSTR-9A & Consolidating Summary, Filing & Paying Late Fee, Additional Liability & it’s Payment, Previewing & Signing Form GSTR-9A and […]

Procedure for Online Second time Correction in Form 26QB on TRACES

June 5, 2019 8328 Views 0 comment Print

E-Tutorial on Important Information for 26QB Correction (Second Time), Brief steps for 26QB Correction (Second Time), 3. Description for Requested Status of 26QB Correction (Second Time), 4. Pictorial guide for 26QB Correction (Second Time) and  Pictorial guide for Approval by Seller/Buyer for 26QB Correction (Second Time). 1. Important Information for “26QB Correction (Second Time)”. ♦ […]

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