Daily Archives: January 7, 2019

Relief When Salary Paid in Arrear or Advance (FY 2018-19)

By | January 7, 2019

Relief When Salary Paid in Arrear or Advance (FY 2018-19) Under section 192(2A) where the assessee, being a Government servant or an employee in a company, co-operative society, local authority, university, institution, association or body is entitled to the relief under Section 89 he may furnish to the person responsible for making the payment referred… Read More »

Govt Formulating new Labour Code

By | January 7, 2019

Ministry of Labour & Employment Formulation of a new Labour Code Posted On: 07 JAN 2019 The Ministry has prepared a Labour Code on Industrial Relations, by simplifying, amalgamating and rationalizing the relevant provisions of the following three Labour Laws:- The Industrial Disputes Act, 1947, The Trade Unions Act, 1926, The Industrial Employment (Standing Orders)… Read More »

No attachment of bank accounts if GST already deposited: HC

By | January 7, 2019

HIGH COURT OF GUJARAT Patran Steel Rolling Mill v. Assistant Commissioner of State Tax, Unit 2MS. HARSHA DEVANI AND DR. A.P. THAKER, JJ. R/SPECIAL CIVIL APPLICATION NO. 16931 OF 2018 DECEMBER  20, 2018  D.K. Trivedi for the Petitioner. Utkarsh Sharma for the Respondent. JUDGMENT Ms. Harsha Devani, J.— By this petition under Articles 226 and 227 of the Constitution of India, the… Read More »

GST RCM on Security Services

By | January 7, 2019

List of Services under Reverse Charge Mechanism Amended w.e.f 01.01.2019 GST under Reverse Charge Mechanism has been brought on security Services as per the Following Notifications w.e.f 01.01.2019 Notification No 30/2018 Integrated Tax (Rate) : List amended for IGST on Services under Reverse Charge Mechanism (RCM) Notification No 29/2018 Central Tax (Rate) : List Amended… Read More »

Direct Tax Collections for F.Y. 2018-19 up to December 2018

By | January 7, 2019

Ministry of Finance Direct Tax Collections for F.Y. 2018-19 up to December, 2018   Posted On: 07 JAN 2019 The provisional figures of Direct Tax collections up to December, 2018 show that grosscollections are at Rs. 8.74 lakh crore which is 14.1% higher than the gross collections for the corresponding period of last year.  Refunds amounting to Rs.1.30 lakh crore have been… Read More »

Benefits of the Aadhaar – where it stands today

By | January 7, 2019

Shri. Arun Jaitley Minister of Finance and Corporate Affairs, Government of India The idea of having a Unique Identity Number (UID) for every citizen of India was conceived by Shri Nandan Nilekani during the UPA Government. Unquestionably, the credit goes to him for conceiving, initiating and implementing the idea. Aadhaar, however, was non-statutory. There was no law… Read More »

Key Points of TDS on Salary for FY 2018-19

By | January 7, 2019

CBDT’s Circular No. 1 of 2019 dated 01.01.2019– Major/important Points to Remember The CBDT has issued circular No. 1 on 01.01.2019 in respect of the Deduction of tax at Source from Salaries u/s 192 of the Income Tax Act, 1961. Some of the major / important points to remember are; 1. Standard Deduction u/s 16(ia). Standard deduction… Read More »