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Tender For Appointment of Internal Auditors of Air India

March 1, 2019 2178 Views 0 comment Print

TENDER FOR APPOINTMENT OF INTERNAL AUDITORS OF AIR INDIA AT DELHI, MUMBAI, CHENNAI, HYDERABAD AND KOLKATA FOR THE PERIOD JANUARY 2019 – MARCH 2020

Operational guidelines on Hedging of exchange rate risk by FPIs under VRR

March 1, 2019 834 Views 0 comment Print

A reference is also invited to A.P. (DIR Series) Circular No. 21 dated March 01, 2019 on Voluntary Retention Route (VRR) for Foreign Portfolio Investors (FPIs) investment in debt. The operational guidelines, terms and conditions for hedging the exposure to exchange rate risk on account of investments made under this route are provided in the Annex to this circular.

Features of ‘Voluntary Retention Route’ for FPIs investment in debt

March 1, 2019 1674 Views 0 comment Print

A reference is also invited to the discussion paper on ‘Voluntary Retention Route’ (VRR) for investments by Foreign Portfolio Investors (FPIs) released by the Reserve Bank on October 05, 2018. The VRR scheme has been finalized after taking into consideration the comments and views received, and attached as Annex.

IIM, Calcutta eligible for GST exemption & is an Educational Institution: AAAR

March 1, 2019 2610 Views 0 comment Print

In re Indian Institute of Management (GST AAAR West Bangal) Whether the benefit of entry no. 66(a) of the Exemption Notification for service is available to the Indian Institute of Management, Calcutta Indian Institute of Management, Calcutta, the Respondent, is an ‘education institution’ in terms of meaning of clause 2(y) of Notification No. 12/2017-Central Tax […]

Amendment to Notification No. 63/1994-Customs (N.T) w.r.t Golakganj LCS

March 1, 2019 927 Views 0 comment Print

Amendment to the Notification No. 63/1994-Customs (N.T) dated 21st November, 1994, w.r.t Golakganj LCS GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 19/2019- Customs (N.T.) New Delhi, the 01st March, 2019 S.O. (E).115(E) – In exercise of the powers conferred by clauses (b) and (c) of sub-section (1) of section 7 of […]

Clean Transactions, Cleaner Economy, Go Cashless, Go Clean

March 1, 2019 1761 Views 0 comment Print

DON’T √ Accept cash of Rs.  2,00,000 or more in aggregate from a single person in a day or for one or more transactions relating to one event or occasion. √ Receive or repay Rs.  20,000 or more in cash for transfer of Immovable Property. √ Pay more than Rs.  10,000 in cash relating to […]

Suo motu contempt proceeding against CIT / PCIT refund ‘Army Officer’ not granted within 30 days: HC

February 28, 2019 2814 Views 0 comment Print

Respondent CIT/PCIT directed to refund the entire amount of income tax they have recovered, which was an exempted amount and which the petitioner Army Officer has paid in respect of his disability pension.

AAAR members differ on classification of tea bag manufacturing service

February 28, 2019 1041 Views 0 comment Print

In re Joint Commissioner (in-situ), Ballygunge Division, Kolkata South CGST & CX Commissionerate (GST AAAR West Bengal) What should be the classification of tea bag manufacturing service. As the members of the West Bengal Appellate Authority for Advance ruling differ on the classification of the service supplied by the Respondent to M/s Hindusthan Unilever Ltd.. […]

Panel to overhaul Direct Tax law seeks 3 months extension

February 28, 2019 1320 Views 0 comment Print

The term of the Task Force is extended by three months, i.e., the Task Force shall now be required to submit its report by 31 .05.2019.

Link your PAN with your Bank Account- No Refund if A/c not linked

February 28, 2019 28350 Views 5 comments Print

Link your PAN with your Bank Account… Get your refund directly, swiftly and securely in your bank account Income Tax Department will Issue only e-refunds from 01.03.2019 Refunds will be given only to bank accounts (savings/current/cash/OD) which are linked with PAN. To check if your bank account is linked with your PAN, login to e-filing portal, go […]

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