Tag: Clarifications
CBEC clarifies that GST Liability, on Flats, Buildings, etc. under Construction, will reduce due to ITC of various indirect taxes under GST Regime, w.e.f. 1 July 2017. There were …
The IBBI has clarified that to render services as Insolvency Professional (IP), one has to enroll with an Insolvency Professional Agency (IPA) as it's Member and register with IBBI …
The CBDT has issued a Clarification, vide Circular No. 21/2017 dt. 12 June 2017, stating the settled position of law that TDS u/s 194-I shall not be applicable in …
The CBDT has issued a Clarification, vide Circular No. 20/2017 dt. 12 June 2017, stating settled position of law on Explanation 2 to IT Sec. 132B (inserted by the Finance …
The CBDT has issued a Clarification Circular No. 19/2017 dt. 12 June 2017 about the settled position of Income Tax Law in the matter of Certain Trade Advances which …
The ICAI has announced that Members holding COP and CA Firms/ Companies (where he/she is a partner/ director) can provide services as "Insolvency Professional" (as part of "Management Consultancy …
The MCA has issued clarification vide General Circular No. 7/2017 dt. 5 June 2017 that companies should follow the procedure applicable for Transmission of Shares while transferring shares to …
CBDT has prescribed Simplified/ Revised Procedure for Online Submission/ Uploading/ e-Filing of Form 15G/ Form 15H (Declaration forms for persons claiming receipt of certain incomes without deduction of tax) …
CBDT Clarification on the issue of Filing of ITR by Minor and TDS in the case of death of both Parents; TDS deductors/ Banks need to follow Clubbing Provisions …
CBDT has issued clarification that IT Section 285BA requires furnishing of a Statement of Financial Transaction (SFT) for transactions prescribed under IT Rule 114E. The due date for filing …