AUTHORITY FOR ADVANCE RULINGS, KARNATAKA Coffee Day Global Ltd., In re HARISH DHARNIA AND DR. RAVI PRASAD M.P., MEMBER ADVANCE RULING NO. KAR/ADRG 13 OF 2018 JULY 26, 2018 S. Vishnumurthy, CA for the Respondent. RULING 1. M/s Coffee Day Global Limited, 23/2, 6th Floor, Vittal Mallya Road, Bangalore – 560 001, having GSTIN number 29AABCA5291P1Z3, have filed an application,… Read More »
CBDT Circular No 4/2018 The Central Board of Direct Taxes (CBDT) following Apex Court ruling in case of HCL Technologies [2018] (SC) has clarified that freight, telecommunication charges and insurance expenses are to be excluded from both ‘export turnover’ and ‘total turnover’ while working out deduction admissible under section 10A. Download CBDT Circular No 4/2018 Dated… Read More »
Criminal Law (Amendment) Act, 2018 MINISTRY OF LAW AND JUSTICE (Legislative Department) New Delhi, the 11th August, 2018/Shravana 20, 1940 (Saka) The following Act of Parliament received the assent of the President on the 11th August, 2018, and is hereby published for general information:— THE CRIMINAL LAW (AMENDMENT) ACT, 2018 NO. 22 OF 2018 [11th… Read More »
STEPS TO ENABLE TAX PAYERS TO COMPLETE THE MIGRATION PROCESS-2018 The GST Council, in its 28th. meeting, approved the proposal to allow migration for taxpayers, who received provisional IDs but could not complete the migration process even after activating PART A of the migration form. In order to implement the decision systematically, the following process… Read More »
Key Changes by CGST / IGST Amendment Bill 2018 Central Government has Passed 4 GST amendment bills in Lok Sabha on 09.08.2018 which were introduced on Eighth August 2018 which The Central Goods and Services Tax (Amendment) Bill 2018 : Download /Print IGST Amendment Bill 2018 : Download /Print : The Integrated Goods and Service Tax Amendment… Read More »
The application should be as per prescribed format from practicing firms of Chartered Accountants/ Retired Officials of own Bank who are willing for empanelment as Concurrent / Revenue Auditor in the Bank for year 2018-19 . Applications for Concurrent / Revenue Audit of Allahabad Bank The panel of auditors maintained last year (including existing concurrent auditors) expiring… Read More »
Sukanya Samriddhi Account Scheme Sukanya Samriddhi Account Scheme is been notified by Ministry of Finance vide Notification No. G.S.R.863(E) Dated 02.12.2014. Scheme become operational by notification of rules namely ‘Sukanya Samriddhi Account Rules, 2014’. These Rules were subsequently amended vide Notification No.G.S.R.323(E) dated-18.03.2016 by which government has notified ‘Sukanya Samriddhi Account Rules, 2016’. These Rules were further amended vide Notification No.G.S.R.617(E)… Read More »
Income Tax on salary income What is considered as salary income? Section 17(1) of the Income-tax Act defines the term ‘salary’. However, not going into the technical definition, generally whatever is received by an employee from an employer in cash, kind or as a facility [perquisite] is considered as salary. What are allowances in salary… Read More »
INTEREST PAYABLE BY THE TAXPAYER UNDER THE INCOME-TAX ACT Interest under Income Tax Act u/s 234A, 234B and 234C [As amended by Finance Act, 2018] Introduction of Interest under income Tax Under the Income-tax Act, different types of interests are levied for various kinds of delays/defaults. In this part, you can gain knowledge about the provisions… Read More »
MINISTRY OF LAW AND JUSTICE (Legislative Department) New Delhi, the 13th August, 2018/Shravana 22, 1940 (Saka) The following Act of Parliament received the assent of the President on the 13th August, 2018, and is hereby published for general information:— THE HOMOEOPATHY CENTRAL COUNCIL (AMENDMENT) ACT, 2018 NO. 23 OF 2018 [13th August, 2018.] An Act further… Read More »