Income Tax Department conducted a search in the case of a businessman in Pune on 04/11/2019 and made a high cash seizure. The search was conducted at the residence of the businessman.
SEBI has made it mandatory for mutual fund houses to inform valuation agencies and SEBI registered credit rating agencies immediately about any changes in terms of investments, including extension in the maturity of a money market or debt security, along-with reasons for such changes.
CBIC is implementing a system for electronic (digital) generation of a Document Identification Number (DIN) for all communications sent by its offices to taxpayers and other concerned persons. To begin with, the DIN would be used for search authorization, summons, arrest memo, inspection notices and letters issued in the course of any enquiry.
Enhanced Governance Norms for Credit Rating Agencies (CRAs)
CBDT has extended the due date for filing of Income Tax Returns/Tax Audit Reports to 30th November, 2019 in respect of all categories of income tax assesses in the Union Territory of Jammu and Kashmir and Union Territory of Ladakh who/were required to file the income tax Returns/Tax Audit Reports.
Securities and Exchange Board of India (SEBI), from time to time, has been issuing various circulars/directions to Stock Exchanges and Clearing Corporations. In order to enable the users to have an access to all the applicable circulars/directions at one place, Master Circular for Stock Exchanges and Clearing Corporationshas been prepared.
The applicant is providing consultancy services for construction projects. While providing such services some of the expenses are incurred by their employees on behalf of the applicant. It has sought an advance ruling to determine whether the expenses incurred by staff on behalf of applicant and then reimbursed periodically are liable to GST?
A search was conducted at the residential premises of the assessee’s Father-in-law. During the course of search proceedings, cash of Rs. 6.18 lakhs was found out of which Rs. 6 lakhs were seized and the balance was released.
CBDT exempts cash withdrawal by the authorised dealer and its franchise agent and sub-agent; and Full-Fledged Money Changer (FFMC) licensed by the Reserve Bank of India and its franchise agent from TDS under Section 194N subject to conditions specified in Notification No. 80/2019-Income Tax dated 15th October, 2019
CBIC has vide notification dated 15th October 2019 has imposed Provisional Anti-Dumping Duty on imports of Flat rolled product of steel, plated or coated with alloy of Aluminium and zinc originating in, or exported from China PR, Vietnam and Korea RP in order to remove injury to the domestic industry.
