Daily Archives: February 27, 2019

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 »

Draft Drugs and Cosmetics (Amendment) Rules 2019.

By | February 27, 2019

MINISTRY OF HEALTH AND FAMILY WELFARE(Department of Health and Family Welfare)NOTIFICATIONNew Delhi, the 26th February, 2019 G.S.R. 152(E).—The following draft of certain rules further to amend the Drugs and Cosmetics Rules, 1945, which the Central Government proposes to make, in exercise of the powers conferred by sub-section (1) of section 12 and sub-section (1) of… Read More »

No IGST Exemption to OEM suppliers of imported Scientific equipment even if supplied to science education & research Institute:AAR

By | February 27, 2019

Notification No. 51/1996-Customs, dated 23-7-1996 read with Notification No. 43/2017-Customs, dated 30-6-2017 and Minutes of 14th GST Council decision dated 18th/19th May, 2017  is applicable to the Applicant for import of  Equipment as listed under column (3) of the aforesaid notifications and notifications are not applicable to the OEM suppliers of imported equipment. AUTHORITY FOR… Read More »

New GST News 27.02.2019

By | February 27, 2019

New GST News 27.02.2019 Input Tax Credit How to Reverse Incorrect Input Tax Credit ? GSTN Suggested ITC utilization on GST Portal Can you pay Tax & Penalty from ITC Ledger for non-generation of Eway Bill Eway Bill How to Draft Contract with Transporter for E way Bill No E Way bill required for goods… Read More »