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All about filing of ITR-6 for A.Y. 2019-20

June 21, 2019 24957 Views 1 comment Print

These instructions are guidelines for filling the particulars in Income-tax Return Form-6 for the Assessment Year 2019-20 relating to the Financial Year 2018-19. In case of any doubt, please refer to relevant provisions of the Income-tax Act, 1961 and the Income-tax Rules, 1962. 1. Assessment Year for which ITR-6 Return Form is applicable ITR-6 Return […]

Result of Examination of GST Practitioners Held On 14.06.2019

June 20, 2019 3276 Views 0 comment Print

National Academy of Customs, Indirect Taxes and Narcotics (NACIN) has conducted examination for confirmation of enrollment of Goods and Services Tax Practitioners (GSTPs) in terms of second proviso to sub-rule (3) of rule 83 of the Central Goods and Services Tax Rules, 2017. The examination was held on 14.06.2019 at twenty centers across India. The […]

Setting aside of penalty while remanding the matter when correct

June 20, 2019 1278 Views 0 comment Print

Commissioner of Central Excise Vs M/s. Madras Cements Ltd. (Madras High Court) Madras High Court has dismissed an appeal against the CESTAT order wherein the Tribunal had set aside the penalty and allowed Cenvat credit on MS items used for fabrication of support structures, while remanding the matter for computation of credit. The Tribunal had […]

Rollout of foreign exchange trading platform for retail participants– FX-Retail

June 20, 2019 1338 Views 0 comment Print

Reserve Bank of India Rollout of the foreign exchange trading platform for retail participants – FX-Retail RBI/2018-19/217 FMRD.FMD.16/02.03.225/2018-19 June 20, 2019 All Eligible Market Participants Dear Sir/Madam, Rollout of the foreign exchange trading platform for retail participants – FX-Retail Please refer to the Statement on Developmental and Regulatory Policies dated June 06, 2019, announcing the introduction […]

Discontinuation of requirement of Paper to Follow (P2F) for State Govt Cheques

June 20, 2019 5565 Views 0 comment Print

With a view to enhancing efficiency in cheque clearing, Reserve Bank has introduced Cheque Truncation System (CTS) for clearance of cheques, facilitating the presentation and payment of cheques without their physical movement. P2F has been discontinued for CG cheques with effect from February 2016.

Court-fees depends on relief claimed not on value of property: HC

June 20, 2019 107418 Views 0 comment Print

For the purpose of injunction, the value of property would not be a criteria for valuation. In order to assess the valuation of plaint, the relief clause has to be seen. In a case where the fixed court fee is payable according to Schedule-II of Article 17 of the Court Fees Act for relief of declaration, that would be the value for the purpose of pecuniary jurisdiction.

Handling of Clients’ Securities by Trading Members/Clearing Members

June 20, 2019 4287 Views 0 comment Print

stock broker shall segregate securities or moneys of the client or clients or shall not use the securities or moneys of a client or clients for self or for any other client.

Take utmost care while declaring country of origin and destination

June 20, 2019 651 Views 0 comment Print

Importers, exporters and customs brokers need to take utmost care while declaring the country of origin and country of destination so that no such incidents recur in future.

Manufacture and Other Operations in Warehouse Regulations, 2019

June 19, 2019 12384 Views 0 comment Print

These regulations may be called the Manufacture and Other Operations in Warehouse Regulations, 2019. They shall come into force on the date of their publication in the Official Gazette.

Posting of Judicial and Technical Members of NCLT

June 19, 2019 2727 Views 0 comment Print

As per ACC directions contained in DoP&T’s communication no. 18/10/ 2019-EO (SM.II) dated 03.05.2019 and in consultation with the President, National Company Law Tribunal (NCLT), the following Judicial and Technical Members of NCLT are posted at the Benches as under:

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