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ICAI to conduct Placement Programme for Experienced Chartered Accountants

The Institute of Chartered Accountants of India ( ICAI ) has decided to organize a campus placement programme for the Chartered Accountants having...

GST: Kerala defers implementation of Flood Cess to July 1st [Read Notification]

GST Appellate Tribunal to be set up in Lucknow: Allahabad High Court [Read Order]

New FM Nirmala Sitharaman to present Budget on July 5

Subscription Fee to access an Online Database is Business Income, Not ‘Royalty’ or FTS: ITAT [Read...

GST Interest on Late Payers: Delhi High Court stays Proceedings [Read Order]

A two-judge bench of the Delhi High Court has stayed proceeding against M/s Landmark Lifestyle for late payment of interest on gross tax liability on Goods and Services Tax ( GST ). The bench...

ICAI to upgrade Digital Skills of Chartered Accountants Professionals

With an aim to provide heightened focus of Chartered Accountants who are in Practice on various emerging Professional Opportunities such as RERA, Ind AS, Companies Act, 2013, Artificial Intelligence,...

File SFT Forms till 31st May: CBDT

The Central Board of Direct Taxes ( CBDT ) has reminded that the last date for filing forms for Statement of Financial Transactions (SFT) is 31st May 2019. Under the Income Tax law, the following...

Income Tax Evasion through Shell Companies: Tax Dept trains Officers

In a move to detect black money through the shell companies, the income tax department has decided to focus and enhance the skills of Assessing Officers. At the Direct Taxes Regional Training...

Supreme Court allows Arrest of GST Evaders without Anticipatory Bail [Read Order]

A vacation bench comprising Chief Justice Ranjan Gogoi and Justice Aniruddha Bose has permitted the GST Officers to the tax evaders without anticipatory bail. According to the order, such evaders can...

Remuneration to Director in proportion to his Experience which has no bearing on his shareholding is not Dividend: ITAT [Read Order]

The Delhi ITAT, in a significant ruling, held that the remuneration paid to Director of company in commensuration with his experience which has no bearing on his shareholding, cannot be construed as...

GSTN offers Free Accounting and Billing Software to MSMEs

The Goods and Services Tax Network ( GSTN ) has started providing Billing and Accounting software to the Micro, Small and Medium Enterprises (MSMEs) As per directions of GST Council in January, GSTN...

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