CBDT instructions on seizure of jewellery and ornaments are discretionary ITAT Indore Shri Keshav Lila Vs. Assistant Commissioner of Income Tax-1(2) ITA No. 935/Ind/2016 Date of Judgement/Order : 19/01/2018 Related Assessment Year : 2011-12 CBDT instructions which in our view provides a guideline to the search conducting team that no seizure should be made of… Read More »
E way Bill FAQs General Portal What is the common portal for generation of e-way bill? The common portal for generation of e-way bill is https://ewaybillgst.gov.in I am not getting OTP on my mobile, what should I do? Please check if you have activated ‘Do Not Disturb (DND)’ facility on your mobileor your service provider… Read More »
IN THE ITAT JAIPUR BENCH Narain Dutt Sharma v. Income-tax Officer, Ward- 6 (1), Jaipu VIJAY PAL RAO, JUDICIAL MEMBER AND VIKRAM SINGH YADAV, ACCOUNTANT MEMBER IT APPEAL NO. 203 (JP.) OF 2017 [ASSESSMENT YEAR 2007-08] FEBRUARY 7, 2018 P.C. Sharma and Prashant Sharma, Advs. for the Appellant. Ajay Malik (Addl. CIT) for the Respondent. ORDER Vikram Singh Yadav, Accountant Member –… Read More »
Draft Handbook on Accounting Treatment under GST – For Suggestions Dear Members or Other Stakeholders, The Committee has drafted a handbook on accounting treatment under GST given below. In this regard, we request you to provide your comments/suggestions at the link https://goo.gl/forms/92zwewildriB4apm2 or idtc@icai.in preferably in 15 days i.e 25th April, 2018. Your valuable suggestions… Read More »
The Central Board of Direct Taxes (CBDT) has omitted provision related to exemption of transport allowance of Rs. 1,600 per month granted to an employee to meet his expenditure for the purpose of commuting between the place of his residence and the place of his duty. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF… Read More »
GST Council structure As per Article 279A of the amended Constitution, the GST Council is a joint forum of the Centre and the States, and consists of the following members: – Union Finance Minister Chairperson The Union Minister of State, in-charge of Revenue, Min. of Finance Member The Minister In-charge of Finance or Taxation or… Read More »
Madam/Sir, We are pleased to share with you that the Institute of Chartered Accountants of India through its Committee for Professional Accountants in Business & Industry organizes various knowledge enriching programmes, Conferences, Industry Meet, Outreach Program for the benefit of the members in industry. The Committee invites proposals from Chartered Accountants, Bankers, Capital Market experts,… Read More »
Electoral Bond Frequently Asked Questions (FAQs) Section 1: For Donor 1) What is Electoral Bond? Electoral Bond is a bearer Banking Instrument to be used for funding eligible Political Parties. An eligible Political Party is the one registered under Section 29A of the Representation of the People Act, 1951 (43 of 1951) and secured not… Read More »
ICAI/IDTC/2017-18/Rep/4 27th March, 2018 Shri Upender Gupta Commissioner, Goods and Services Tax Policy Wing Central Board of Excise & Customs, Department of Revenue, Government of India, North Block, New Delhi – 110 001 Respected Sir, Sub: ICAI’s suggestions on GST on specified issues The Institute of Chartered Accountants of India (ICAI), being the accounting regulator,… Read More »
HIGH COURT OF GUWAHATI Mascot Entrade (P.) Ltd. v. Union of India SUMAN SHYAM, J. CASE NO. WP (C) NO. 7729 OF 2017 DECEMBER 13, 2017 M.L. Gope, Ms. N. Hawelia, Ms. N. Gogoi, Ms. N. Bordoloi and Ms. N. Mech for the Appellant. B. Sarma for the Respondent. JUDGMENT 1. Heard Ms. M.L. Gope, learned counsel for the petitioner. 2. This writ petition has been filed challenging the… Read More »