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Pr. CCIT to assign additional charge of vacant post of CIT (Appeal)

February 25, 2019 1017 Views 0 comment Print

Office Order No. 41 of 2019: Authorization of the Pr. Chief Commissioner of Income Tax (CCA) to assign additional charge of the vacant post of CIT (Appeal) under its jurisdiction – reg. Also Read- Assign vacant CIT(A) charges to CIT: CBDT instructs Pr. CCIT No. A- 35915/11/2019-Ad.VI Government of India Ministry of Finance Department of […]

Company incorporated on or before 31.12.2017- File E-Form ACTIVE

February 24, 2019 5226 Views 0 comment Print

Any company incorporated on or before the 31.12.17 shall file the particulars of the company and its Registered Office, in E-Form ACTIVE (Active Company Tagging Identities and Verification) on or before 25.04.19 to enable common public to be aware of KYC (Know Your Company) status of the companies and their directors. The Ministry of Corporate […]

CBIC constitutes Working Groups to recommend measures to improve compliance

February 23, 2019 708 Views 0 comment Print

The Central Board of Indirect Taxes and Customs (CBIC) constitutes three Working Groups to study and recommend measures to facilitate trade, promote exports and improve compliance.

ESIC to improve its service delivery mechanism 

February 22, 2019 1554 Views 0 comment Print

ESI Corporation took important decision towards improvement in its service delivery mechanism. It was decided that ESIC will also bear the 1/8th share of expenditure earlier used to be borne by States.

IBBI debars insolvency professional for 10 years for Professional Misconduct

February 21, 2019 2052 Views 0 comment Print

On verification of the record, it appears that this Petition has been filed by the professional namely, Mr. Sanjay Kumar Ruia. It appears that the professional who accepted to work as Interim Resolution professional is none other than the wife of the Chartered Accountant who filed this Company Petition.

Result analysis of Dec 2018 exam of Institute of Cost Accountants of India

February 21, 2019 5397 Views 0 comment Print

PRESS RELEASE Result declared for DECEMBER – 2018 term of examination Kolkata: The Institute conducts Foundation / Intermediate / Final Examination twice in a year i.e. in June and December. The results of December 2018 term of Examination of The Institute of Cost Accountants of India have been declared on 21/02/2019. Result Analysis of The […]

Extension of last date of filing initial return in MSME Form I

February 21, 2019 37299 Views 2 comments Print

Thirty days period for filing initial return in MSME Form 1 as specified in  Specified Companies (Furnishing of information about payment to micro and small enterprise suppliers) Order, 2019 dated 22.01.2019  shall be reckoned from the date the said e-form is deployed on MCA 21 portal instead of thirty days from the date of publication […]

President promulgates four Ordinances on 21.02.2019

February 21, 2019 1548 Views 0 comment Print

President of India on the 21st February, 2019 has promulgated the following four Ordinances, namely:––1. The Muslim Women (Protection of Rights on Marriage) Second Ordinance, 2019 (Ord. 4 of 2019). 2. The Indian Medical Council (Amendment) Second Ordinance, 2019 (Ord. 5 of 2019). 3. The Companies (Amendment) Second Ordinance, 2019 (Ord. 6 of 2019). 4. The Banning of Unregulated Deposit Schemes Ordinance, 2019 (Ord. 7 of 2019).

Revised Haircut on Central Govt Securities accepted as Collateral

February 21, 2019 2016 Views 0 comment Print

It has been decided to revise the minimum haircuts applicable to the Central Government securities deposited by clearing members. Accordingly, Para 2 of Annexure – I to the Circular stands modified as far as it relates to the haircut on Central Government Securities, as under:

Exemption U/s. 54F cannot be denied for Purchase of Plot in HUF name

February 20, 2019 2322 Views 0 comment Print

Kanaiyalal Muljibhai Patel Vs ITO (ITAT Ahmedabad) The issue before us is, whether the house constructed by the assessee on a plot purchased in the name of HUF, exemption under section 54F, is available to the assessee or not ? The Revenue is of the opinion that for claiming exemption under section 54F, the investment ought […]

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