Ministry of Finance Audit of Banks Posted On: 07 AUG 2018 6:21PM by PIB Delhi With regard to Statutory Audit, Reserve Bank of India (RBI) has informed that it has issued Guidelines for appointment of Statutory Central Auditors (SCAs) and Statutory Branch Auditors in Public Sector Banks (PSBs), which covers the norms on eligibility, empanelment and… Read More »
MCA to Amend Cost Audit Report for reporting GST Reconciliation The Ministry of Corporate Affairs has proposed amendment to the Companies (Cost Records and Audit) Rules, 2014 to bring a new reporting requirement of Statement of Reconciliation of GST in the Cost Audit Report. Download Draft Companies (cost records and audit) Amendment Rules, 2018. Click… Read More »
Notification No 23/2018 Integrated Tax (Rate) Summary of Notification No 23/2018 Integrated Tax (Rate) Notification No 23/2018 Integrated Tax (Rate) Dated 6th August, 2018 Seeks to exempt payment of tax under section 5(4) of the IGST Act, 2017 till 30.09.2019. Read Notification No 23/2018 Integrated Tax (Rate) [To be published in the Gazette of India, Extraordinary,… Read More »
Notification No 22/2018 Central Tax (Rate) Summary of Notification No 22/2018 Central Tax (Rate) Notification No 22/2018 Central Tax (Rate) Dated 6th August, 2018 Seeks to exempt payment of tax under section 9(4) of the CGST Act, 2017 till 30.09.2019. Notification No.8/2017-Central Tax (Rate) Dated 28th June, 2017 CGST exemption from reverse charge upto Rs.5000 per day… Read More »
New Books for CA Inter Exam Nov 2018 Taxmann scanner and Books for CA and CS Exam Nov 2018 Bharat’s Handbook on Goods & Services Tax [GST] : CA Inter [IPCC] Nov 2018 Exam – by CA. Pushpendra Sisodia Students’ Guide to Income Tax Including GST -Problems & Solutions -2018-19 by Dr. Vinod K Singhania (Author), Dr. Monica… Read More »
Notification No 31/2018 Central Tax Seeks to lay down the special procedure for completing migration of taxpayers who received provisional IDs but could not complete the migration process. [ GSTR 3B Due date Extended for newly migrated Taxpayers as per Notification No 31/2018 Central Tax , from July, 2017 to November, 2018 vide Notification No 45/2018… Read More »
Rajasthan e-way bill exemption for Job Work Notification regarding exemption from e-way bill for intra-state movement of goods in the State of Rajasthan for the purpose of Job Work Notification No F17(131)ACCT/GST/2017/3743 Dated 06.08.2018 Download Notification below Download Notification No F17(131)ACCT/GST/2017/3743
Why to Submit Tax Saving Proof to your Employer : Income Tax News 54 Rule 26C ,evidence of claims by employee for TDS u/s 192 Form 12BB : Tax Saving Proof required from Employee
The assessee had not furnished the audit report previously. The assessee’s return was required to be accompanied by the report of the audit as referred to in section 44AB of the Act. This was clearly not done. The Assessing Officer was within his rights to raise this defect in the return and seek its rectification.… Read More »
Income Tax on Arrear of Salary Are arrears of salary taxable? Yes . Refer Section 15(c) of Income Tax Act 1961 Video Explanation by CA Satbir Singh in Hindi Illustration on tax treatment of arrears of salary On 1 st January, 2018, Mr. Rajesh received arrears of salary of Rs. 2,52,000 pertaining to the years 2011-12… Read More »