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Foreign Exchange Management (Establishment in India of a branch office or a liaison office or a project office or any other place of business) (Amendment) Regulations, 2018

August 31, 2018 4605 Views 0 comment Print

(i) These regulations may be called the Foreign Exchange Management (Establishment in India of a branch office or a liaison office or a project office or any other place of business) (Amendment) Regulations, 2018. (ii) These regulations shall come into force from the date of their publication in the Official Gazette.

Q1 FY19 GDP Preview: Strong growth on the cards

August 30, 2018 723 Views 0 comment Print

Since the beginning of this fiscal year, the external environment has been challenging, Indias current account deficit has widened, oil prices have been volatile, and the rupee has dropped to all-time lows. In contrast to this backdrop, the GDP growth numbers for the first quarter are likely to bring some good news.

Import of Peas (Yellow, Green, Dun & Kaspa) Restricted till 30.09.2018

August 30, 2018 696 Views 0 comment Print

Import of Peas classified under Exim Code 0713 10 00 (including Yellow peas, Green peas, Dun peas and Kaspa peas) is Restricted till 30.09.2018 vide Notification No. 32/2015-2020, Dated 30 August, 2018

Press Trust of India notified as news agency for Sec. 10(22B) exemption

August 30, 2018 3714 Views 0 comment Print

CBDT notifies ‘The Press Trust of India Limited’ as news agency for the purpose exemption under section Section 10(22B) of Income Tax Act, 1961 vide Notification No. 41/2018 dated 30th August, 2018

CBDT extends time to send comments on framing rules related to ‘Significant Economic Presence’

August 30, 2018 912 Views 0 comment Print

CBDT extends time for sending comments on framing rules related to ‘Significant Economic Presence’ till 30-9-2018 vide its Instruction F. No. 370142/11/2018-TPL dated 30th of August, 2018.

Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Second Amendment) Regulations, 2018

August 30, 2018 4179 Views 0 comment Print

(i) These Regulations may be called the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Second Amendment) Regulations, 2018. (ii) They shall come into force with effect from the 1st day of September, 2018.

Calcutta High Court Grants stay on Service Tax Audit

August 30, 2018 14208 Views 3 comments Print

The petitioner seeks a declaration that sub-rule (2) of Rule 5A of the Service Tax Rules, 1994 as substituted by notification no. 23/24/ST dated December 25, 2014 is arbitrary and in conflict with provisions of Section 72A of the Finance Act, 1994. The petitioner also seeks a declaration that, the provisions of clause (k) of subsection (2) of Section 94 of the Finance Act, 1994 is unguided and gives uncontrolled power of delegation. The third prayer is with regard to a notice dated February 16, 2015.

Arun Jaitely Puts 15 Questions on Rafale before Rahul Gandhi & Congress

August 29, 2018 1446 Views 0 comment Print

Arun Jaitley Why these questions? Considering the security environment around India, the highest standards of defence preparedness are required. After the Kargil experience, the Armed Forces and the Raksha Mantralaya were of the opinion that combat ability of the Indian Air Force to strike at targets needs to be radically improved. This need was first […]

Office order No. 142/2018- Promotion and Postings in Pr. CCIT Grade

August 29, 2018 3495 Views 0 comment Print

Consequent upon the approval of the Competent Authority, the following officers are, hereby, promoted to the grade of Principal Chief Commissioner of Income Tax (level 17 in the pay matrix Rs.2,25,000) w.e.f. the date of assumption of charge of the post or until further orders:

Office Order No. 143/2018 – Transfer and posting in CCIT Grade

August 29, 2018 1797 Views 0 comment Print

The following Chief Commissioners of Income Tax are hereby transferred and posted as per the table below, with immediate effect and until further orders:

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