Daily Archives: April 6, 2019

Circular No 97/16/2019 GST : How to opt for new 6% GST Scheme

By | April 6, 2019

Circular No 97/16/2019 GST Circular No 97/16/2019 GST Dated 5th April 2019 : Circular clarifying issues regarding exercise of option to pay tax under notification No. 2/2019- CT(R) dt 07.03.2019 issued. Circular No. 97/16/2019-GST F. No. CBEC-20/16/04/2018 – GST (Pt. I)Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Indirect Taxes and CustomsGST Policy Wing… Read More »

Compulsory Acquisition of Urban Land by Sale Deed eligible for Tax Benefit U/s. 10(37) : ITAT

By | April 6, 2019

Issue Properties were notified by the Government of Kerala for acquisition under the Land Acquisition Act, 1894. After discussion and negotiations with the Government, a sale deed was executed, whereby the properties were sold to Vizhinjam International Seaport Limited for a total consideration of Rs.4,69,13,272.  Assessing Officer rejected relief of Section 10(37) of Income Tax Act… Read More »

Interest Rate for Special Deposit Scheme for Non Govt PF , Superannuation and Gratuity for April to June 2019 : Notification

By | April 6, 2019

MINISTRY OF FINANCE (Department of Economic Affairs) NOTIFICATION New Delhi, the 3rd April, 2019 F. No. 5(2)-B(PD)/2019.—It is hereby notified that the deposits made under the Special Deposit Scheme for Non-Government Provident,  Superannuation and Gratuity Funds, announced in the Ministry of Finance (Department of Economic Affairs) Notification No.F.16(1)-PD/75 dated 30th June, 1975, shall with effect… Read More »