CAclubindia News

Enhancement of Monetary limits for filing of appeals by the IT Department

09 August 2019 at 12:14

There is a substantial pendency of appeals of the Income Tax Department before various appellate fora. The CBDT is aware of the importance of litigation management and has been continuously working towards achieving the same.To effectively reduce tax

Posted in Income Tax | 6009 Views

RBI lowers repo rate by 35 basis points

08 August 2019 at 11:21

RBI/2019-20/36DBR.No.Ret.BC.10/12.01.001/2019-20August 07, 2019The Chairperson / CEOs of all Scheduled and Non Scheduled BanksDear Sir / MadamChange in Bank RatePlease refer to our circular DBR.No.Ret.BC.44/12.01.001/2018-19 dated June 06, 2019, on t

Posted in Others | 2481 Views

Guidelines on UDIN function issued

07 August 2019 at 11:55

ANNOUNCEMENTIn exercise of the powers conferred on it under Item No.(1) of Part- II of the Second Schedule to the Chartered Accountants Act, 1949, the Council of the Institute of Chartered Accountants of India has issued the following guidelines for

Posted in GST | 9888 Views

ICSI representation for inclusion of CS in definition of Accountant under IT Act

06 August 2019 at 11:30

ICSI Representation for inclusion of CS in the definition of Accountant under the Income Tax Act, 1961To read in details, find the enclosed file

Posted in Income Tax | 7 comments | 8082 Views

Schedule of ICAI Convocation 2019 for new qualified CAs

06 August 2019 at 11:30

ICAI Convocation 2019 is proposed to be held as per following schedule in which newly enrolled members of the period December 2018 to April 2019 will be awarded Certificate of Membership amidst august gathering of CA fraternity. Sr. No. Plac

Posted in Professional Resource | 1 comments | 6402 Views

IT Search on a prominent Real Estate Group in Mumbai

05 August 2019 at 11:59

Search on a prominent Real Estate Group in MumbaiThe Income Tax Department conducted Search and Seizure operation on 29.07.2019 on a prominent group involved in Real Estate Development, covering more than 40 premises across Mumbai and Pune. During t

Posted in Income Tax | 4 comments | 6978 Views

GST Commissionerate busts a racket of issuance of fake GST invoices

05 August 2019 at 11:59

Central GST Delhi North Commissionerate has busted a racket of issuance of fake invoices without actual supply of goods and services.Central GST Delhi North Commissionerate has busted a racket of issuance of fake invoices without actual supply of goo

Posted in GST | 4 comments | 8649 Views

MCA releases The Companies (Amendment) ACT, 2019

02 August 2019 at 11:14

MINISTRY OF LAW AND JUSTICE(Legislative Department)New Delhi, the 31st July, 2019/Shravana 9, 1941 (Saka)The following Act of Parliament received the assent of the President on the 31st July, 2019, and is hereby published for general information: - T

Posted in Corporate Law | 4191 Views

GSTN releases offline tools of New GST Return

02 August 2019 at 11:14

Introduction to New Return Offline Tool (Trial) : What are the Offline Tools planned under New Return?In the proposed system of new GST Return filing, a normal taxpayer would have to file FORM GST RET-1 (Normal) or FORM GST RET-2 (Sahaj) or FORM GST

Posted in GST | 11280 Views

GST Revenue collection for July, 2019

02 August 2019 at 11:14

Total gross GST revenue collected in the month of July, 2019 is Rs. 1,02,083 crore of which CGST is Rs. 17,912 crore, SGST is Rs. 25,008 crore, IGST is Rs. 50,612 crore

Posted in GST | 3813 Views