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Extend due date of filing Income-tax returns for AY 2018-19: ICAI

July 26, 2018 143217 Views 36 comments Print

Vide its representation requested CBDT that the due date of filing return of income be extended by at least a month from the prescribed date of 31stJuly, 2018 for AY 2018-19.

ICAI clarifies on Fake date of declaration of results of CA exams

July 25, 2018 19014 Views 0 comment Print

It has been brought to our notice that a fake announcement regarding the date of declaration of result of the Intermediate examination held in May 2018 is doing the rounds in the social media.

Extend Due Date of ITR for AY 2018-19

July 25, 2018 99792 Views 54 comments Print

In the interest of the Taxpayers and the Tax Professionals, we hereby request Your Honour to kindly extend the due dates for filing of returns by at least 2 months, in both the cases, i.e. till 30.09.2018 for non audit cases and 30.11.2018 for audit cases.

Paper on Revision of Provisions Pertaining to Re-Classification of Shareholders

July 25, 2018 2799 Views 0 comment Print

Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI LODR Regulations) provides for conditions with respect to re-classification of shareholders of listed entities.

Arbitration and Conciliation (Amendment) Bill, 2018

July 25, 2018 5199 Views 0 comment Print

Arbitration And Conciliation (Amendment) Bill, 2018 is introduced in Lok Sabha on 18th July 2018 to amend the Arbitration and Conciliation Act, 1996 to minimise the need to approach the Courts for appointment of arbitrators with a view to make India a hub of institutional arbitration for both domestic and international arbitration.

Banning of Unregulated Deposit Schemes Bill, 2018

July 25, 2018 3801 Views 0 comment Print

Non-banking entities are allowed to raise deposits from the public under the provisions of various statutes enacted by the Central Government and the State Governments. However, the regulatory framework for deposit taking activity in the country is not seamless.

Negotiable Instrument (Amendment) Bill, 2018 passed by Lok Sabha

July 25, 2018 17574 Views 14 comments Print

Lok Sabha passes Negotiable Instrument (Amendment) Bill, 2018 a bill further to amend the Negotiable Instruments Act, 1881 by which it has proposed to  insert section 143A -Power to direct interim compensation and Section 148-Power of Appellate Court to order payment pending appeal against conviction. Bill No. 281-C of 2017 THE NEGOTIABLE INSTRUMENTS (AMENDMENT) BILL, […]

Aadhaar OTP e-verification for ITR down Temporarily

July 25, 2018 3591 Views 3 comments Print

Due to technical issues, Aadhaar OTP for e-verification is unavailable. This will be enabled shortly. Taxpayer can use the other options to e-Verify the Returns.

Govt attaches Benami Properties valued over Rs. 4,300 crores

July 24, 2018 747 Views 0 comment Print

As on 30/06/2018, provisional attachments have been made in more than 1600 Benami Transactions involving Benami Properties valued at over Rs. 4,300 crores.

SEZ Rules to be aligned with GST laws by July end

July 24, 2018 1170 Views 0 comment Print

Centre will come out with amendments to Special Economic Zones (SEZ) Rules, 2006 synchronised with Goods and Services Tax (GST) laws by end of this month, a top official in the Union Ministry of Commerce and Industry said at an ASSOCHAM event held in New Delhi today.

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