Amendment in Accounting Standard (AS) 11- An enterprise may dispose of its interest in a non-integral foreign operation through sale, liquidation, repayment of share capital, or abandonment of all, or part of, that operation. The payment of a dividend forms part of a disposal only when it constitutes a return of the investment.
Bureau of Investigation constituted under section 8 of the said Act shall discharge its functions through the following Units, namely:– (a) Bureau of Investigation – Unit 1, in Kolkata, having different Zones as may be considered necessary by the Commissioner for discharging the functions under the said Act to investigate transactions of dealers or tax payers under Large Taxpayer Unit, Kolkata (South) Circle, Chowringhee Circle, Dharmatala Circle and Behala Circle;
With effect from the 16th day of June, 2018 No e-Way Bill in respect of movement of goods originating and terminating within the State of Delhi (intra-State movement but without passing through any other State) shall be required where the consignment value does not exceed Rs.1,00,000/- (rupees one lakh only).
Seeks to further amend notification No. 50/2017- Customs dated 30.06.2017 so as to increase basic customs duty (BCD) to 35% on crude edible vegetable oils and to 45% on refined edible vegetable oils with effect from 14th June 2018.
Please refer to FMRD circular FMRD.DIRD.12/14.01.011/2016-17 dated December 29, 2016 on introduction of Interest Rate Options in India. As announced in the first bi-monthly Monetary Policy Statement 2018-19 dated April 05, 2018, it has now been decided to permit Interest Rate Swaptions in Rupees so as to enable better timing flexibility for the market participants seeking to hedge their interest rate risk.
Central Government hereby appoints the 13th June, 2018 as the date on which provisions of Section 22, Section 24,Section 25, Section 26, and Section 71 of Companies (Amendment) Act, 2017 shall come into force
(1) These rules may be called the Companies (Management and Administration) Second Amendment Rules, 2018. (2) They shall come into force on the date of their publication in the Official Gazette.
significant beneficial owner means an individual referred to in sub-section (1) of section 90 (holding ultimate beneficial interest of not less than ten per cent.) read with sub section (10) of section 89, but whose name is not entered in the register of members of a company as the holder of such shares, and the term insigntificant beneficial ownership’ shall be construed accordingly;
These rules may be called the Companies (Registered Valuers and Valuation) Second Amendment Rules, 2018.They shall come into force on the date of their publication in the Official Gazette.
CBDT notifies Cost Inflation index for Financial Year 2018-19 at 280, vide Notification No. 26/2018-Income Tax dated 13th June, 2018.
