Notification No 38/2019 Central Tax Seeks to waive filing of FORM ITC-04 for F.Y. 2017-18 & 2018-19. [To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)] Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs Notification No 38/2019 Central Tax New Delhi,… Read More »
The Finance (No. 2) Act, 2019 has amended Section 139A to make PAN and Aadhaar interchangeable. Now, the CBDT has amended Rule 114 of Income-tax Rules, 1962 to provide that a person, who has not been allotted a PAN, shall be deemed to have applied for the same if he has intimated his Aadhar in… Read More »
37th GST Council Meeting 37th GST Council Meeting held on 20th September 2019 (FRI) in GOA Following are the Key Decisions :- 1. Changes in GST Rate on Goods as Recommended by 37th GST Council Meeting 2. GST Rate on Services as Recommended by The GST Council in Its 37th Meeting 3. Recommendations of GST council… Read More »
Ministry of Finance Clarification on applicability of Tax Deduction at Source on cash withdrawals Posted On: 30 AUG 2019 In order to discourage cash transactions and move towards less cash economy, the Finance (No. 2) Act, 2019 has inserted a new section 194N in the Income-tax Act,1961 (the ‘Act’), to provide for levy of tax… Read More »
CAPITAL GAINS (Law & Practice) by By CA DIVAKAR VIJAYASARATHY (Author) Price Rs 849 Click here to buy online Publisher: Bharat Law House Pvt Ltd (2019) Chapter 1 Basics of Capital Gains Chapter 2 Business Transactions Chapter 3 Business Restructuring Chapter 4 Real Estate Transaction Chapter 5 Shares and Securities Transaction Chapter 6 Exempted Transfers Chapter 7 Exemptions Chapter 8 Taxation for Non-residents Chapter… Read More »
Ministry of Finance CBDT clarifies differential regime between domestic investors (including AIF category III) and FPIs existed even prior to General Budget 2019 and was not creation of the Finance (No. 2) Act, 2019 Posted On: 28 AUG 2019 The Central Board of Direct Taxes (CBDT) said today that an incorrect perception is being created… Read More »
Clarifications in respect of filling-up of the ITR forms for the Assessment Year 2019-20 The Income-tax Return (ITR) forms for the Assessment Year (A.Y.) 2019-20 were notified vide Circular No. 21 of 2019 F.No. 370142/1/2019-TPL (Pt.-1) Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes (TPL Division) Dated: 27th August, 2019… Read More »
IGST Export refunds- extension in SB005 alternate mechanism and revised processing in certain cases including disbursal of Compensation cess Circular No 26/2019-Customs Dated 27th August 2019 Click here to Download
IGST refunds- mechanism to verify the IGST payments for goods exported out of India in certain cases. Circular No 25/2019 Customs Dated 27th August 2019 Click here to Download
GST on Sale of Assets and Capital Goods