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CBDT Releases ITR 1 to ITR 7 for Financial Year 2017-18 / A.Y. 2018-19

April 3, 2018 93531 Views 18 comments Print

CBDT releases Forms Sahaj (ITR-1), Form ITR-2, Form ITR-3, Form Sugam (ITR-4), Form ITR-5, Form ITR-6, Form ITR-7 and Form ITR-V as applicable for Financial Year 2017-18 or Assessment Year 2018-19.

Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) (Amendment) Regulations, 2018

April 2, 2018 1167 Views 0 comment Print

1. These regulations may be called the Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) (Amendment) Regulations, 2018. 2. These regulations shall come into force on October 1, 2018.

CBIC imposes 10% BCD on Camera Module and Connectors of cellular mobile phones

April 2, 2018 1827 Views 0 comment Print

Seeks to further amend notification No. 50/2017-Customs dated 30.06.2017 so as to withdraw exemption from BCD on Camera Module and Connectors of cellular mobile phones and impose 10% BCD on them.

CBIC imposes BCD on Camera Module & Connectors of cellular mobile phones

April 2, 2018 936 Views 0 comment Print

Seeks to further amend notification No. 25/2005-Customs dated 01.03.2005 so as to withdraw exemption from BCD on Camera Module and Connectors, of cellular mobile phones and impose 10% BCD on them.

CBIC imposes BCD on PCBA of cellular mobile phones

April 2, 2018 1143 Views 0 comment Print

Seeks to further amend notification No. 24/2005-Customs dated 01.03.2005 so as to withdraw exemption from BCD on Printed Circuit Board Assembly (PCBA) of cellular mobile phones and impose 10% BCD on them.

CBIC imposes 10% BCD on PCBA, Camera Module & Connectors of cellphone

April 2, 2018 2046 Views 0 comment Print

Seeks to further amend notification No. 57/2017-Customs dated 30.06.2017 so as to withdraw exemption from BCD on Printed Circuit Board Assembly (PCBA), Camera Module and Connectors, of cellular mobile phones and impose 10% BCD on them.

CBIC imposes 10% BCD on populated, loaded or stuffed printed circuit boards

April 2, 2018 2742 Views 0 comment Print

Seeks to increase tariff rate of BCD on populated, loaded or stuffed printed circuit boards, falling under tariff item 8517 70 10, of the First Schedule to the Customs Tariff Act, 1975 from Nil to 10%.

Prudential Norms for Classification, Valuation and Operation of Investment Portfolio by Banks – Spreading of MTM losses and creation of Investment Fluctuation Reserve (IFR)

April 2, 2018 2340 Views 0 comment Print

Please refer to Master Circular DBR.No.BP.BC.6/21.04.141/2015-16 dated July 1, 2015 on the captioned subject. Banks are required to mark to market (MTM) the individual scrips in Available for Sale (AFS) at quarterly/more frequent intervals and Held for Trading (HFT) at monthly/more frequent intervals and provide for net depreciation, if any.

MCA removes applicability of AS 22 & Ind AS 12 to Govt Companies forever

April 2, 2018 2565 Views 0 comment Print

Vide Notification number S.O. 529(E), dated the 5th February, 2018 it was specified that provisions of Accounting Standard 22 or Indian Accounting Standard 12 relating to deferred tax asset or deferred tax liability shall not apply, for seven years to certain Government companies with effect from the 1st April, 2017. Now Government has vide this […]

Maharashtra Govt. reduces stamp duty on residential house for EWS & LIG groups

March 31, 2018 13479 Views 9 comments Print

Maharashtra Government fixes the stamp duty to the extent of Rs-1000 only as otherwise chargeable under clause (b) of Article 25 of Schedule-I appended to the said Act, on the first instrument for Economically Weaker Section (EWS) & Lower Income Groups (LIG).

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