Announcement Sub. : Internal Auditor not to undertake Goods and Service Tax (GST) Audit simultaneously We have received enquiries from the members at large and other stakeholders as to whether an internal auditor of an entity can also undertake GST Audit of the same entity as required under the Central Goods and Service Act, 2017. … Read more
1. Who is required to file DIR-3 KYC Form For Financial year 2018-19 – Any person who has been allotted “Director Identification Number (DIN/DPIN)” on or before 31st March 2018 and the status of such DIN is ‘Approved’, needs to file form DIR-3 KYC to update KYC details in the system on or before 31st … Read more
Circular No. 3/2018 F No 279/Misc. 142/2007-ITJ (Pt) Government of India Ministry of Finance Department of Revenue Central Board Direct Taxes New Delhi the 11th July, 2018 Subject: Revision of monetary limits for filing of appeals by the Department before Income Tax Appellate Tribunal, High Courts and SLPs/appeals before Supreme Court-measures for reducing litigation-Reg. Reference … Read more
[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.27/2018 – Central Tax New Delhi, the 13th June, 2018 G.S.R….(E).- In exercise of the powers conferred by sub-section (8) of section … Read more
The free of cost e-PAN facility is available on www.incometaxindiaefiling.gov.in for the limited period. Following are the basic requirements for the application: – The applicant already have PAN should not apply for e-PAN. This e-PAN facility is available only for resident individual Your mobile number should linked with the Aadhhar, so you can get Aadhaar … Read more
Circular No. 49/23/2018-GST No. CBEC/20/16/03/2017-GST Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes and Customs GST Policy Wing **** New Delhi, Dated the 21st June, 2018 To, The Principal Chief Commissioners / Chief Commissioners / Principal Commissioners / Commissioners of Central Tax (All) / The Principal Directors … Read more
4th June 2018 Clarification regarding date of declaration of results of CA exams. It has been brought to our notice that a fake announcement regarding the date of declaration of the Common Proficiency Test (CPT) held in June 2018 and CA Final Examination held in May 2018, is doing the rounds in the social media. … Read more
Sub.: Furnishing of Information to the Group constituted by the Council to examine the issues arising out of the Judgement dated 23.02.2018 of the Hon’ble Supreme Court in S. Sukumar Vs. Union of India and CPIL Vs. Union of India. The Hon’ble Supreme Court of India vide its Judgement dated 23rd February, 2018 in Civil … Read more
Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 21st June, 2018 PRESS RELEASE Prompt investigation in fresh series of cases pertaining to ‘Panama Papers’ The fresh release made in the media today under ‘Panama Paper Leaks’ is being promptly looked into by the law enforcement agencies … Read more
Under Indian foreign exchange regulations, general permission is available for transfer of shares / convertible debentures between non-residents (“NR”) and Indian residents (“IR”) by way of gift or sale under private arrangement. Further, a non resident (other than non-resident Indian (“NRI”) and overseas corporate bodies (“OCB”) may also transfer, by way of sale or gift, … Read more