It is stated that the issuance of any clarification on different provisions of Companies Act falls in the domain of this Ministry, and ICAI is neither empowered nor competent to issue such clarification and especially so without prior consultation with this Ministry.
President of India is pleased to appoint Shri Pramod Chandra Mody, presently working as Member, Central Board of Direct Taxes(CBDT) as Chairman, CBDT
Undersigned is directed to state that since the monetary limit of tax effect for filing of appeals to ITAT against the order of CIT(A) has been raised to Rs. 20 lakhs vide CBDT Circular No 3 of 2018 dated 11.7.2018, it is expedient that the cases are properly defended before the CIT(A), as the department will have no recourse to any appeal, against the Order of CIT(A).
You may recall that the Trade Circular No. 47T of 2017 dated 17th November 2017 was issued to clarify the inter-State purchases against the declaration under the Central Sales Tax Act. The said Trade Circular stands withdrawn .
In order to improve ease of doing business and improving online transactions, it has been decided to discontinue issue of physical copy of Advance/EPCG Authorisations issued on or after 01.03.2019 by Regional Authorities, in respect of EDI ports
Fraudulent transactions using the UPI platform are increasing. We have issued advisory no.1 dated January 10, 2019 in this regard. Recently, a new modus operandi has been brought to our notice through which fraudster can easily take remote access of a victim’s mobile device and carry out transactions. Stepwise details are as under:
If item of export is HPS Groundnut Kernels (roasted and blanched), the import item at S.No. 3(a), i.e, Groundnut in Shell may be allowed as 1.25 Kg/Kg content in the export product or the import item at S.No.3(b), i.e., Upgraded Groundnut Kernels may be allowed as 1.10 Kg/Kg content in the export product.
CBDT has issued a directive in which it has stated that With respect to such quality assessment orders, the Pr.CIT shall ensure that they are properly marked as Quality orders and are duly represented before the CIT(A) by the Department.
CBDT has vide Office Order Nos. 26 of 2019 and 27 of 2019, dated 14th February 2019 extended the ad-hoc appointment of 241 IRS officers to the grade of Joint Commissioner of Income-tax No.A-32012/3/2017-Ad.VI Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes) North Block, New Delhi. New Delhi, the […]
1. (1) These rules may be called the Prevention of Money-laundering (Maintenance of Records) Amendment Rules, 2019. (2) They shall come into force on the date of their publication in the Official Gazette.
