Daily Archives: September 17, 2018

Vijaya Bank Mobile Banking App

By | September 17, 2018

Vijaya Bank Mobile Banking App Vijaya Bank Mobile Banking V-MOBILE BANKING provides the customers a secure and convenient means of banking and commerce from anywhere anytime just on press of a button on your mobile. V-MOBILE services are available both on SMS and GPRS. V-MOBILE is a secured payment channel since the customer does not… Read More »

Merger of Bank of Baroda, Vijaya Bank and Dena Bank

By | September 17, 2018

Ministry of Finance Government initiates consolidation – amalgamated entity to be India’s third largest bank First-ever three-way bank amalgamation process commences Government paves the way for amalgamated Public Sector Banks with global heft and business synergies for providing wider products & services and enhanced access    The Alternative Mechanism comprising of its Chairperson, the Union… Read More »

No Income tax on Interest Income on Specified Off-shore Rupee Denominated Bonds

By | September 17, 2018

Ministry of Finance Exemption to Interest Income on Specified Off-shore Rupee Denominated Bonds Posted On: 17 SEP 2018 7:23PM by PIB Delhi Interest payable by an Indian company or a business trust to a non-resident, including a foreign company, in respect of rupee denominated bond issued outside India before the 1stof July, 2020 is liable… Read More »

12% GST on Works Contract Services by sub contractor to main contractor for railways original works

By | September 17, 2018

AUTHORITY FOR ADVANCE RULINGS, MAHARASHTRA Shree Construction, In re B.V. BORHADE AND PANKAJ KUMAR, MEMBER NO. GST-ARA-09/2018-19/B-65 JULY  11, 2018 RULING   1. The present application has been filed under section 97 of the Central Goods and Services Tax Act, 2017 and the Maharashtra Goods and Services Tax Act, 2017 [hereinafter referred to as “the CGST Act and MGST… Read More »

SEBI (Buy Back of Securities) Regulations 2018

By | September 17, 2018

SEBI has notified Securities Exchange Board of India (Buy-Back of Securities) Regulations, 2018. The norms prescribes maximum limit of buy-back as 25% or less of the aggregate paid up capital and free reserves of the Company. Under new norms, a company can’t buy-back its securities so as to delist its shares from stock exchange. Norms… Read More »

How to View & Download GST Additional Notices and Demand Orders

By | September 17, 2018

GST Additional Notices and Demand Orders FAQs > View/ Download Additional Notices and Demand Orders 1. Can I view additional orders/notices without login on the GST Portal? No, you cannot view additional orders/notices without login on the GST Portal. 2. On the GST Portal, where from can I view additional orders/notices ? After login, navigate to Dashboard > Services > User Services > View… Read More »

CBEC Circular No 65/39/2018-DOR : Guidelines for TDS by DDO under GST

By | September 17, 2018

CBEC Circular No 65/39/2018 DOR F.No.S.31011/11/2018-ST-I-DoR Government of India Ministry of Finance Department of Revenue New Delhi, Dated the 14th September, 2018 To, 1. Secretaries of the Central Ministries as pe list enclosed. 2. Chief Secretaries of all States/UTs with legislature/ UTs without Legislature. 3. All Finance Secretaries/ CCTs of the States/ UTs with Legislature/UTs… Read More »

GST TDS if Payment made by PSU (Public sector Undertaking)

By | September 17, 2018

GST TDS if Payment made by PSU (Public sector Undertaking) Video Tutorial by CA Satbir Singh explaining GST TDS provisions in Hindi Whether TDS under Section 51 of CGST Act 2017 is required to be deducted w.e.f 01.10.2018 by PSU(Public sector Undertaking) if payment made by PSU to i) Unregistered Supplier. ii) Supplier opted for composition… Read More »

New GST News 17.09.2018

By | September 17, 2018

New GST News 17.09.2018 [ Join online GST Course by CA Satbir Singh ] New GST News Taxmann GST – How to Meet Your Obligations : 6th Edition 2018 Book GST Manual with GST Law Guide & GST Practice Referencer : 9th Edition September 2018 Taxmann Taxmann GST Ready Reckoner (7th Edition,September 2018) by V.S.Datey… Read More »

Category: GST

Taxmann GST – How to Meet Your Obligations : 6th Edition 2018 Book

By | September 17, 2018

GST How to Meet Your Obligations (Set of 2 Volumes) (6th Edition,September 2018) As amended by CGST (Amdt.) Act 2018/IGST (Amdt.) Act 2018/UTGST (Amdt.) Act 2018/GST (Compensation to States) Andt. Act 2018 Price Rs 4700 Buy online Click here Author : S S GUPTA Edition : 6th Edition 2018 Date of Publication : September 2018 Binding : Paperback No. Of… Read More »

No Tax on compensation/damage for settlement of dispute as is capital receipt : ITAT

By | September 17, 2018

In terms of the settlement deed assessee withdrew the criminal complaint filed by him and in lieu thereof received compensation of Rs. 6,77,94,580/-. Thus, as could be seen, the compensation received by the assessee was not for his professional activities but for settlement of dispute between him and some other7 party resulting in filing of… Read More »

Sec. 54 deduction available for new residential house including Land Cost : HC

By | September 17, 2018

Section 54(1) of the said Act is specific and clear. It is the cost of the new residential house and not just the cost of construction of the new residential house, which is to be adjusted. The cost of the new residential house would necessarily include the cost of the land, the cost of materials… Read More »

Unsecured loan/ Gifts to be added in Income if paying capacity of giver is not proved : HC

By | September 17, 2018

when the assessee failed to prove the capacity of the concerned persons who alleged to have given the unsecured loan and/or gift, it cannot be said that the learned Tribunal has committed any error in confirming the additions made by the Assessing officer and confirmed by the CIT (Appeals) of Rs.19,92,730/- as unsecured cash credit.… Read More »

Capital Receipt or Revenue Receipt under Income Tax : Free Study Material 

By | September 17, 2018

Capital Receipt or Revenue Receipt under Income Tax Here is the Free Study Material on Capital Receipt or Revenue Receipt under Income Tax No Tax on compensation/damage for settlement of dispute as is capital receipt : ITAT carbon credit sale is capital receipt hence not taxable Interest on fixed deposits is Capital receipt as FDR was linked… Read More »

Tax arrears of deceased Assessee can’t be recovered from Spouse Personal Properties of

By | September 17, 2018

Case Name : Meena Krishna Agarwal Vs Assistant Commissioner (Gujarat High Court) Appeal Number : Special Civil Application No. 3969 of 2014 Date of Judgement/Order : 15/01/2018 Decision summary :- “If the petitioner is correct in contending that all the four immovable properties were purchased by her from her own source of income, the department cannot… Read More »