Monthly Archives: February 2019

FEMA (Foreign Currency Accounts by a person resident in India) (Amendment) Regulations 2019.

By | February 28, 2019

RESERVE BANK OF INDIA (Foreign Exchange Department) (CENTRAL OFFICE) NOTIFICATION Mumbai, the 27th February, 2019 Foreign Exchange Management (Foreign Currency Accounts by a person resident in India) (Amendment) Regulations, 2019 G.S.R. 160(E).—In exercise of the powers conferred by Section 9 and clause (e) of sub-section (2) of section 47 of the Foreign Exchange Management Act, 1999… Read More »

No Input tax credit on ambulance for Employees before 01.02.2019 : AAR

By | February 28, 2019

Whether ITC is admissible on ambulances purchased for the benefit of the employees under legal requirement of the Factories Act, 1948. GST AAR West Bangal In re Nipha Exports Pvt Ltd Order No. 43/WBAAR/2018-19 Date of Judgement/Order : 26/02/2019 1. Admissibility of the Application 1 .1 The Applicant, stated to be a manufacturer of agricultural machinery,… Read More »

Income Tax Department hits at terror financing activities in J&K Region

By | February 28, 2019

Ministry of Finance Income Tax Department hits at terror financing activities in J&K Region Posted On: 27 FEB 2019 The head of a prominent organisation allegedly indulging in anti-national activities alongwith his associates were covered in a sensitive search action by the Income Tax Department today. Search action has been conducted at 4 premises in… Read More »

Exposure Draft of Guidance Note on Accounting of Political Parties

By | February 27, 2019

Exposure Draft of Guidance Note on Accounting of Political Parties (Comments to be received by April 6, 2019) Revised Guidance Note on Accounting of Political Parties During the year 2012, ICAI had issued a Guidance Note on “Accounting and Auditing of Political Parties” as desired by the Election Commission of India. The Guidance Note is… Read More »

ITRs & audit reports for AY 2018-19 for Kerala Extended till 28.02.2019 : CBDT

By | February 27, 2019

Central Board of Direct Taxes (CBDT) has directed that in case of taxpayers of Kerala for whom the due date for filing of return of Income (ITR) and report of audit pertaining to AY 2018-19 was 31-10-2018 (extended deadline), all ITRs & audit reports filed till 28-02-2019 shall be deemed to have been filed by… Read More »

India Shot down Pakistan Air Force fighter aircraft on 27.02.2019 :India’s Official Press Release

By | February 27, 2019

Ministry of External Affairs Statement by Official Spokesperson on 27 February 2019 Posted On: 27 FEB 2019 6:13PM by PIB Delhi India had informed about Counter Terrorism (CT) action it took yesterday against a training camp of Jaish-e-Mohammed (JeM) in Pakistan based on credible evidence that JeM intended to launch more attacks. Against this Counter… Read More »

New Facility for Public Viewing of Train Charts and Vacant Berths

By | February 27, 2019

Train Charts and Vacant Berths in Indian Trains Ministry of Railways Shri Piyush Goyal launches a New Facility for Public Viewing of Train Charts and Vacant Berths The Facility will provide Information of the Vacant Berths available in the Train after Chart preparation The Customer can use the Information for Online Booking of Vacant Berths… Read More »

Income Tax Returns, PAN, Foreign Assets Details mandatory for Lok Sabha Election Candidates : Notification

By | February 27, 2019

Income Tax Returns, PAN, Foreign Assets Details mandatory for Lok Sabha Election Candidates   The Government, in order to bring more accountability and transparency in the election process and to make easy verification of the candidates details, mandated that the candidates of election shall declare their income tax returns of the last five years, details… Read More »