Deferment of TDS / TCS provisions under GST till 30-09-2018
In a press release, the provisions of TDS and TCS under GST shall remain suspended till 30-09-2018. ...
Analysis of Section 44AD & 44ADA of the Income Tax Act, 1961
Brief History : Special Provisions for computing Profits and Gains of Business on Presumptive Basis Presumptive Taxation u/s 44AD and 44AE was introduced by the...
Provisions of TDS/TCS and RCM has been deferred by 3 months
The provisions of TDS/TCS and applicability of RCM provisions which have been deferred in the 26th GST Council meeting held on 10th March 2018 for...
Analysis of Defective returns u/s. 139(9)
In the recent times, a lot of notices u/s. 139(9) have been issued to the assessee regarding the defects being detected in the furnished returns...
There is no bar in filing revised return of income during the assessment proceedings u/s 143(3) of the Act – ITAT Mumbai
Held : There is no bar that an assesse cannot file a revised return of income after issuance of notice u/s 143(2) of the Income...
E-Handbook on Job work under GST-June, 2018
The Indirect taxes committee of The Institute of Chartered Accountants of India (ICAI) has recently published the E-handbook on Job work under GST. The handbook...
Interest-free Loan from employer taxable as Perquisite: ITAT Mumbai
Held: The value of the interest free loan is taxable in the hands of the employee as perquisite as per section 17(iii)(c) of the Income...
MCA amends various rules such as Accounting standards, Management and administration, etc
MCA has recently published Amendment rules for the following : a) Companies (Accounting Standards) Amendment Rules, 2018. b) Companies (Management and Administration) 2nd Amendment Rules, 2018 c) Companies...
No eWay Bill shall be required within the state of Delhi where the consignment value does not exceed Rs. one lakh only.
The Delhi Goods and Services Tax Rules, 2017, no e Way Bill in respect of movement of goods originating and terminating within the State of...
Indian Valuation Standards as issued by the Institute of Chartered Accountants of India effective for the valuation reports issued on or after 1st July, 2018.
ANNOUNCEMENT The Institute of Chartered Accountants of India (ICAI) issues Valuation Standards as a benchmark for Valuation Practices applicable for Chartered Accountants Recognising the need...
Technical guide on understanding Income tax return forms for AY 2018-19
Recently, amid of the changes in the Income tax return forms for AY 2018-19, the Institute of Chartered Accountants of India (ICAI) has published “Technical...
Indian Valuation Standards issued by ICAI
The Institute of Chartered Accountants of India (ICAI), on 10th June 2018, has issued Indian Valuation Standards effective for the valuation reports issued on or...