Daily Archives: July 24, 2018

Measures to Recover Loan Amount from NPAs : Govt Press Release

By | July 24, 2018

Ministry of Finance Measures to Recover Loan Amount from NPAs Posted On: 24 JUL 2018 4:00PM by PIB Delhi Asset Quality Review (AQR) carried-out in 2015 for clean and fully Provisioned Bank Balance-Sheets revealed high incidence of Non-Performing Assets (NPAs). Expected losses on stressed loans, not provided for earlier under flexibility given to restructured loans,… Read More »

Indian Money in Swiss Bank : Govt press Release

By | July 24, 2018

Ministry of Finance Indian Money in Swiss Bank Posted On: 24 JUL 2018 4:00PM by PIB Delhi Swiss authorities have shared the following information regarding the Swiss National Bank (SNB) figures quoted in the media “The figures published by the SNB are regularly mentioned in the Indian media as a reliable indicator of the amount… Read More »

Profit, losses, GNPAs of Public Sector Banks in FY 2017-18 : Govt Press Release

By | July 24, 2018

Ministry of Finance Profit, losses, GNPAs of Public Sector Banks Posted On: 24 JUL 2018 4:06PM by PIB Delhi Asset Quality Review (AQR) carried-out in 2015 for clean and fully provisioned bank balance-sheets revealed high incidence of NPAs. Expected losses on stressed loans, not provided for earlier under flexibility given to restructured loans, were reclassified… Read More »

Identification of Benami Properties in India : Govt Press Release

By | July 24, 2018

Ministry of Finance Identification of Benami Properties Posted On: 24 JUL 2018 4:01PM by PIB Delhi Prohibition of Benami Property Transactions Act 1988 as amended by the Benami Transaction (Prohibition) Amendment Act, 2016 seeks to prohibit the Benami Transactions irrespective of the method by which the Benami Property is acquired. Such Benami Transactions include transactions in respect of movable as well as immovable… Read More »

Form 3CD for AY 2018-19 New and Old : Income Tax Audit Report :Download/Print

By | July 24, 2018

FORM 3CD [for Form 3CD See rule 6G(2) of Income Tax Rules ] Statement of particulars required to be furnished under section 44AB of the Income-tax Act, 1961 PART – A Summary of Form 3CD  Form 3CD is amended by Notification No 33/2018 Dated 20.07.2018: (Tax Audit Report Form 3CD Amended by CBDT w.e.f 20.08.2018). Here we… Read More »

No reassessment because assessee failed to disclose bank a/c if it was submitted during assessment : Bombay High Court

By | July 24, 2018

HIGH COURT OF BOMBAY Akshar Developers v. Assistant Commissioner of Income-tax, Central Circle-3, Thane M.S. SANKLECHA AND SANDEEP K. SHINDE, JJ. WRIT PETITION NO. 11441 OF 2017 JUNE  7, 2018 Ms. Ritika Agarwal, and Salman Balbale, Adv. for the Petitioner. Sham Walve, Adv. for the Respondent. JUDGMENT 1. Ms. Agarwal, Learned Counsel appearing for the petitioner seeks to amend the petition by… Read More »

Andhra Bank NEFT Form  : Download /Print

By | July 24, 2018

Andhra Bank NEFT Form  Download ANDHRA Bank NEFT Application Form in PDF Format , AB Xpress NEFT form, Download ANDHRA  Bank NEFT Form in PDF Format, Download ANDHRA  Bank NEFT Form in PDF Format, Download Latest & Updated ANDHRA  Bank NEFT Form in PDF format, Request form of  NEFT for ANDHRA  Bank, Download ANDHRA  Bank Electronic Remittance Transaction Initiation Voucher… Read More »

New GST News 24.07.18

By | July 24, 2018

New GST News 24.07.18 [ Join online GST Course by CA Satbir Singh ] New GST News Govt Proposal to allow e-way bill only if Vehicle is Fit Total budget outlay of ‘ SevaBhojYojna ’ scheme for GST Refund for FY 2018-19 and 2019-20 28th GST Council Meeting Key takeaway 28th GST Council Meeting Decisions… Read More »

Category: GST

Notification No 33/2018 : Tax Audit Report Form 3CD Amended by CBDT

By | July 24, 2018

Notification No 33/2018 Dated 20.07.2018 Summary of Notification No 33/2018 : Tax Audit Report Form 3CD Amended The Central Board of Direct Taxes (CBDT) has revised the Form no. 3CD. Various changes have been made in the form such as reporting of gifts chargeable to tax, particulars of payment in amount exceeding limit specified in… Read More »

Key features for proposed National Policy for Domestic Workers

By | July 24, 2018

Ministry of Labour & Employment Salient features for proposed National Policy for Domestic Workers Posted On: 23 JUL 2018 3:53PM by PIB Delhi Discussions are underway regarding a Policy for Domestic Workers, the salient features of  which are as follows: Inclusion of Domestic Workers  in the existing legislations Registration of Domestic workers. Right to form… Read More »

Total budget outlay of ‘ SevaBhojYojna ’ scheme for GST Refund for FY 2018-19 and 2019-20

By | July 24, 2018

Ministry of Culture Proposed Total budget outlay of the ‘SevaBhojYojna’ scheme for the financial year 2018-19 and 2019-20 is Rs. 150.00 crores and Rs. 175.00 crores, respectively: Dr. Mahesh Sharma Posted On: 23 JUL 2018 5:13PM by PIB Delhi The ‘SevaBhojYojna’ is a Central Sector Scheme under which Central Goods and Services Tax (CGST) and… Read More »

Category: GST

The Insolvency and Bankruptcy Code (Second Amendment) Bill 2018 : Download /Print

By | July 24, 2018

The Insolvency and Bankruptcy Code (Second Amendment) Bill 2018 The Insolvency and Bankruptcy Code (Second Amendment) Bill 2018 introduced in Lok Sabha on 23.07.2018 ( Bill No 127 of 2018] The Insolvency and Bankruptcy Code (Second Amendment) Bill 2018 As introduced  : Download /Print  

IBBI – Limited Insolvency Examination FAQs (1st July, 2018)

By | July 24, 2018

IBBI – Limited Insolvency Examination Frequently Asked Questions (1st July, 2018) 1. Is the Examination pattern changed from 1st July, 2018? The test administrator for the Limited Insolvency Examination has changed from NISM to NSEIT. The syllabus and pattern of the examination remains the same. The candidates who have already enrolled for examination will be… Read More »