Daily Archives: August 4, 2018

Supply of UPS with battery could be considered as Mixed Supply under GST : AAR

By | August 4, 2018

Supply of UPS with battery could be considered as Mixed Supply: AAR APPELLATE AUTHORITY FOR ADVANCE RULING, WEST BENGAL Switching Avo Electro Power Ltd., In re RAKESH KUMAR SHARMA AND MS. SMARAKI MAHAPATRA, MEMBER APPEAL CASE NO. 04/WBAAAR/APPEAL/2018 JULY  25, 2018 Ravi Raghavan, Adv. for the Appellant. RULING 1. This Appeal has been filed by M/s Switching Avo Electro Power… Read More »

Capital expenditure incurred in cash : Depreciation Disallowed w.e.f AY 2018-19

By | August 4, 2018

Capital expenditure incurred in cash : Depreciation Disallowed CIRCULAR No. 2/2018 Dated 15.02.2018 20. Disallowance of depreciation under section 32 and capital expenditure under section 35AD on cash payment. 20.1 Sub-section (3) of section 40A of the Income-tax Act provides that revenue expenditure incurred in cash exceeding certain monetary threshold is not allowable except in such… Read More »

Gold /jewellery holding Limit as per Income Tax Act

By | August 4, 2018

what is the current Income Tax regulation regarding gold holdings?   Notification: No. 347(E), dated 20-5-1978 says: Section(s) Referred: 132 ,132(11) Statute: INCOME TAX Date of Issue: 20/5/1978 In exercise of the powers conferred by sub-section (11) of section 132 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies every Commissioner, for the purpose of passing orders on… Read More »

New GST News 04.08.2018

By | August 4, 2018

New GST News 04.08.2018 [ Join online GST Course by CA Satbir Singh ] New GST News New Books for GST , Income Tax & Law Practice (Till July 2018) 29th GST Council Meeting Today (04.08.2018) for MSME Revenue from GST touched Rs 7.19 lakh crore from August 2017 to March 2018 GST collections July,… Read More »

Category: GST

FAQs On DIR 3 KYC

By | August 4, 2018

FAQs On DIR 3 KYC DIR 3 KYC : Download : KYC of Directors Form DIR3-KYC is likely to be revised on MCA21 Company Forms Download page w.e.f 4th AUG 2018. Stakeholders are advised to check the latest version before filing. 1 Who is required to file DIR-3 KYC form? For Financial year 2018-19 – Any… Read More »

No Registration of Sub-Broker with SEBI

By | August 4, 2018

No fresh registration shall be granted to any person as Sub Broker. Any pending applications for registration as Sub Brokers under process, shall be returned to the concerned Stock Exchanges for onward transmission to the applicant CIRCULAR SEBI/HO /MIRSD/ DoP/CIR/P /2018/ 117 August 03 , 2018 To, 1. All Recognized Stock Exchanges 2. Stock Brokers… Read More »

Empanelment of CA’s to act as Observers at November / December 2018 Exam

By | August 4, 2018

Empanelment of Members to act as Observers at The Examination Centres for The Chartered Accountants Examinations November / December 2018. – (03-08-2018) It is proposed to empanel members to act as Observers for the forthcoming NOVEMBER / DECEMBER 2018 Chartered Accountants Examinations scheduled as under: Foundation, Intermediate (IPC), Intermediate and Final exams (Existing and revised scheme) : from… Read More »

2.25 Lakh companies under scanner of MCA for not filing returns For 2015-16 and 2016-17

By | August 4, 2018

Ministry of Corporate Affairs 2,25,910 companies under scanner of MCA for not filing returns for Year 2015-16 & 2016-17 Posted On: 03 AUG 2018 4:54PM by PIB Delhi Union Minister of State for Law & Justice and Corporate Affairs Shri P.P. Chaudhary said in Lok Sabha today that during financial year 2018-19, a total of 2,25,910… Read More »