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ICAI finds IL&FS Auditors ‘Prima facie Guilty’ of Professional Misconduct

The Institute of Chartered Accountants of India ( ICAI ) has reportedly found the statutory auditors of Infrastructure Leasing and Financial Services...

Capital Gain Taxable when accrued to Assessee: ITAT [Read Order]

GST Portal updates Website Policy: Prohibits Scrapping

CBI files Charge sheet against Income Tax Officer in a Bribery Case

E-Way Bill Provisions Challenged in Gujarat High Court: Issues notice to Centre and State [Read...

GST not leviable on Sale of Flats with Completion Certificates: Govt

The Ministry of Finance has clarified that GST cannot be leviable on the sale of flats with a completition certificate. It is brought to the notice of buyers of constructed property that there is no...

Petition denying Relief to Importers: Gujarat High Court asks response from Govt

A petition has been filed before the Gujarat High Court wherein the validity of a clause in the goods and services tax ( GST ) law that denies benefits to traders who import input goods after their...

Senior Citizen not required to pay TDS u/s 194A for amount up to Rs. 50,000: CBDT

The Central Board of Direct Taxes (CBDT) has clarified that the senior citizen does not require to pay ‘deducted at source’ under section 194A of the Income Tax Act where the amount of such income...

ICAI Election Candidates banned from canvassing in any Form

The Institute of Chartered Accountants of India ( ICAI ) has banned the election candidates from canvassing in any form/ mode for the next 24 hours. “Candidates and their supporters may kindly note...

No TDS on Payment made for Translation of Articles from English to Bengali: ITAT [Read Order]

The Income Tax Appellate Tribunal ( ITAT ), Kolkata bench has held that the provisions relating to tax deduction at the source ( TDS ) cannot be invoked in case of payment made for translation of...

GST Council Next Meeting on 22nd December

It is informed that the 31st meeting of the GST Council is scheduled on 22nd December 2018 in New Delhi. As the Lok Sabha election and budget is coming closer, The Council, on 22nd may discuss some...

GST Audit Due Date Extended

The Central Board of Indirect Taxes and Customs (CBIC) has extended the due date for filing of GST Audit reports in forms GSTR-9, GSTR-A and GSTR-9C FORM GSTR-9 and FORM GSTR-9A have been notified...

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