Monthly Archives: April 2018

Process for Statement of financial transaction -SFT u/s 285BA modified by CBDT

By | April 7, 2018

Procedure for registration and submission of SFT u/s 285BA under Rule 114E modified DGIT(S)/ADG(S)-2/Reporting Portal/2017/180 Government of India Ministry of Finance Central Board of Direct Taxes Directorate of Income Tax (Systems) Notification No. 3 of 2018 New Delhi,5th April, 2018 Procedure for registration and submission of statement of financial transactions (SFT) as per section 285BA… Read More »

Form No 61 registration and submission procedure u/r 114D : CBDT

By | April 7, 2018

Procedure for registration and submission of Form No. 61 as per Rule 114D  DGIT(S)/ADG(S)-2/Notification/106/2018 Government of India Ministry of Finance Central Board of Direct Taxes Directorate of Income Tax (Systems) Notification No. 2 of 2018 New Delhi, 5th April, 2018 Procedure for registration and submission of Form No. 61 as per Rule 114D of Income-tax… Read More »

CBDT modified procedure for Form 61B registration & submission u/s 285BA

By | April 7, 2018

Procedure for Form 61B registration, submission u/s 285BA by reporting financial institutions modified  DGIT(S)/ADG(S)-2/Notification/106/2018 Government of India Ministry of Finance Central Board of Direct Taxes Directorate of Income Tax (Systems) Notification No. 4 of 2018 New Delhi, 5th April, 2018 Procedure for registration and submission of Statement of Reportable Account as per section 285BA of… Read More »

Basement is part of residential house; eligible for Sec. 54/54F : ITAT

By | April 6, 2018

IN THE ITAT MUMBAI BENCHES ‘J’ Assistant Commissioner of Income-tax Circle-16(1) Mumbai v. Shrey Sharma Guleri Prime Channel Software Communications (P.) Ltd. JOGINDER SINGH, JUDICIAL MEMBER AND N.K. PRADHAN, ACCOUNTANT MEMBER IT APPEAL NO. 6147 (MUM.) OF 2016 [ASSESSMENT YEAR 2009-10] MARCH  22, 2018 Saurabh Rai for the Revenue. Dilip V. Lakhani for the Assessee. ORDER   Joginder Singh,… Read More »

Circular No 40/14/2018 GST : Furnishing of Bond/LUT for exports : Clarification by CBIC

By | April 6, 2018

Circular No 40/14/2018 GST Clarification on issues related to furnishing of Bond/Letter of Undertaking for exports  vide Circular No 40/14/2018 GST dated April 6, 2018 F. No. 349/82/2017-GST Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes and Customs (GST Policy Wing) New Delhi, April 6, 2018 To, The Principal Chief Commissioners… Read More »

5% Uniform rate of GST to apply in all railway catering services in trains or on stations

By | April 6, 2018

Ministry of Finance 5% Uniform rate of GST to apply in all railway catering services in trains or on stations Posted On: 06 APR 2018 4:16PM by PIB Delhi With a view to remove any doubt or uncertainty in the matter and bring uniformity in the rate of GST applicable to supply of food and… Read More »

Order 02/2018 GST : Rates of GST on supply of food and drink in trains

By | April 6, 2018

Order 02/2018 GST Incidence of GST on providing catering services in train – Regarding. F.No. 354/03/2018-TRU Ministry of Finance Department of Revenue (Central Board of Excise and Customs) (Tax Research Unit) New Delhi Dated: the 31st day of March, 2018 To Sh. Sanjiv Garg, Additional Member (Tourism & Catering), Railway Board, Ministry of Railways, Rail… Read More »