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MCA amends Schedule VII of Companies Act, 2013

May 30, 2019 12579 Views 0 comment Print

Central Government hereby makes the following further amendments to Schedule VII of the said Act, namely:- In the said Schedule VII, after item (xi) and the entries relating thereto, the following item and entries shall be inserted, namely:-

SC to clarify position of law on power to arrest under GST

May 30, 2019 25350 Views 1 comment Print

As the accused-respondents have been granted the privilege of pre-arrest bail by the High Court by the impugned orders, at this stage, we are not inclined to interfere with the same. However, we make it clear that the High Courts while entertaining such request in future, will keep in mind that this Court by order dated 27.5.2019 passed in SLP(Crl.) No. 4430/2019 had dismissed the special leave petition filed against the judgment and order of the Telangana High Court in a similar matter, wherein the High Court of Telangana had taken a view contrary to what has been held by the High Court in the present case.

AAR Karnataka allows ‘Soft Turf’ to withdraw application

May 30, 2019 468 Views 0 comment Print

Whether the PVC Carpet Mats manufactured by the applicant is classifiable under Tariff item 5705 00 49 of the Customs Tariff Act, 1975 and therefore, in view of Entry 146 of Schedule II of Notification 01/2017- Integrated Tax (Rate) dated 28 June 2017 as amended from time to time, attract a levy of 12%.

TDS not deductible on salary to Nuns/Fathers/Priests

May 30, 2019 11043 Views 1 comment Print

The common issue which falls for consideration in these batch of cases is as to whether the respondent, the Income Tax Department, is justified in insisting upon recovery of tax at source from the salary payable to Nuns/Fathers/Priests working in various Teaching Institutions established and administered by the petitioners.

File Statement of Financial Transactions (SFT) For F.Y 2018-19 by 31.05.2019

May 30, 2019 40788 Views 3 comments Print

FILE STATEMENT OF FINANCIAL TRANSACTIONS (SFT) For F.Y 2018-19. Due Date 31st May, 2019 Are You Sub Registrar A Co-operative Bank A Banking Company  NBFC Nidhi Post Master General Foreign Exchange Dealer Issuer of Bonds,Debentures or Shares Trustee of Mutual Fund or managing the affairs of Mutual Fund Supplier of Goods or services(Whose accounts are […]

Draft Copyright (Amendment) Rules, 2019

May 30, 2019 996 Views 0 comment Print

The following draft of certain rules to amend Copyright Rules, 2013 is hereby given and the draft will be taken into consideration after the expiry of a period of thirty days after 30th May, 2019. Objections or suggestion, if any, may be sent to the Joint Secretary to the Government of India, Ministry of Commerce […]

Reimbursable expense cannot be disallowed for Non-deduction of TDS

May 29, 2019 2451 Views 0 comment Print

Pr. CIT Vs DLF Commercial Projects Corporation (Delhi High Court) Neither the provisions of section 194C nor section 194J obliges the person making the payment to deduct anything from contractual payments such as those made for reimbursement of expenses, other than what is defined as “income”. The law thus obliges only amounts which fulfil the […]

TDS u/s 194C applies on Payments for catering services

May 29, 2019 51252 Views 0 comment Print

CIT Vs Saifee Hospital Trust (Bombay High Court) The Assessing Officer held that services of catering rendered by M/s Monginis is technical service and therefore, deduction of tax at source by the respondent has to be under Section 194J of the Act. However, in appeal both the Commissioner of Income Tax (Appeals) (CIT(A)) as well […]

Income Tax Deductors! Time To File TDS Statement

May 29, 2019 13164 Views 4 comments Print

E-File TDS Statement for the Quarter ended on 31st March 2019 by 31st May 2019. Due date is extended to 30th June 2019 for Odisha. Avoid Late Fees of Rs. 200/- per day and levy of Penalty upto Rs. 1,00,000 by filing TDS Statement on or before due date. INCOME TAX DEDUCTORS! -TIME TO FILE […]

GST on shifting of power transmission towers/lines to widen National highways

May 28, 2019 5550 Views 1 comment Print

In re National Highway Authority of India (Regional Office) (GST AAR Rajasthan) We observe that the applicant is a Central Government entity whose primary work is building roads and bridges. Shifting, dismantling and raising of transmission lines is done by the applicant as and when required for safe electrical clearances during the widening of the […]

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