Daily Updates
www.onlinelawsolutions.com
Visit our website: www.onlinelawsolutions.com
Subscribe our updates on tax/law: Click Here
CHANGE OF EMAIL ID
Greetings. Our email id’s have changed to help...@ols.legal
WHATS APP UPDATES
It covers Income Tax, GST, Service Tax, Excise Duty, Custom Duty, Company Law, SEBI, RBI, Labour Law, IRDAI & Miscellaneous. Time: 12 months Price: Rs. 500/- + 18% GST To subscribe: Click Here
Income Tax
Tax Audit Report & ITR date extended to 15.10.2018 but interest u/s 234A to be applicable: Order
On due consideration of representations from various stakeholders for extending the due date, being 30th September, 2018, for filing of income-tax returns and various reports of audit pertaining to assessment-year 2018-19 for assessees' covered under clause (a) of explanation 2 to section 139(1) of the Income-tax Act, 1961 (Act) read with relevant provisions of the Act & Income-tax Rules, the CBDT, hereby extends the due date for filing of income-tax returns as well as all reports of audit (which were required to be filed by the said specified date)' from 30th September, 2018 to 15th October, 2018. However, there shall be no [..] Read more at:
Tax Audit Report & ITR date extended to 15.10.2018 but interest u/s 234A to be applicable
The due date for filing of Income Tax Returns and Audit Reports for Assessment Year 2018-19 is 30th September, 2018 for certain categories of taxpayers. Upon consideration of representations from various stakeholders, the Central Board of Direct Taxes(CBDT) extends the ‘due date’ for filing of Income Tax Returns as well as reports of Audit (which were required to be filed by the said specified date) from 30th September, 2018 to 15th October, 2018 in respect of the said categories of taxpayers. However, there shall be no extension of the due date for the purpose of section 234A (Explanation 1) of the I.T. Act [..] Read more at:
GST
E-way bill not required for intra-city movement of goods in Gujarat
In exercise of the powers conferred by clause (d) of sub-rule (14) of rule 138 of the Gujarat Goods and Services Tax Rules, 2017, in supercession of the Notification No.GSL/GST/RULE-138(14)/B.12 dated the 11th April, 2018, the Commissioner of State Tax, after consultation with Chief Commissiner of Central Tax, Ahmedabad, hereby notifies that no E-Way Bill is required to be generated for the movement of the goods as mentioned in the Table below : Now therefore, E-way bill is required to be generated in case of intra-state movement of all goods other than referred to at Sr.No 1 and 2 in the Table above [..] Read more at:
Custom Duty
Appointment of Common Adjudicating Authority by DGRI dt. 24.09.2018
In pursuance of notification No. 60/2015-Customs (N.T.), published vide number G.S.R. 453(E), dated 4th June 2015 in Gazette of India, Extra-ordinary, Part-II, section 3, sub-section (i), and as amended by notification No. 133/2015-Customs (N.T.), published vide number G.S.R. 916(E) dated 30th November 2015 in Gazette of India, Extra-ordinary, Part-II, section 3, sub-section (i), issued by the Government of India, Ministry of Finance, Department of Revenue, under clause (a) of section 152 of the Customs Act, 1962 (52 of 1962), the Director General, Revenue Intelligence, hereby appoints officers mentioned in column (5) of the [..] Read more at:
http://onlinelawsolutions.com/appointment-of-common-adjudicating-authority-by-dgri-dt-24092018.html
Seeks to extend the exemption from Integrated Tax and Compensation Cess upto 31.03.2019 on goods imported by EOU
In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 52/2003-Customs, dated the 31st March, 2003, published in the Gazette of India, Extraordinary, vide number G.S.R. 274 (E), dated the 31st March, 2003, namely:- In the said notification, in the opening paragraph, in the proviso, for the figures, letters and words “2nd day of October [..] Read more at:
Companies Act
Extend due date of AGM and Annual E-forms for Kerala Companies: ICSI
As you are kindly aware, under the provisions of Companies Act 2013, every company is required to hold an Annual General Meeting in each year within a period of six months from the date of closing of financial year, which in majority cases, falls in September, 2018. Sir, we wish to draw your kind attention towards the recent havoc wreaked by incessant rains in the state of Kerala. Needless to say, the entire state. Its infrastructure and organizations and institutions have come to a standstill. The companies functioning and operating in the state too have been impacted to a large extent. Even though the rains have subsided, It is [..] Read more at:
Companies (Indian Accounting Standards) Second Amendment Rules, 2018
In exercise of the powers conferred by section 133 read with section 469 of the Companies Act, 2013 (18 of 2013) and sub-section (1) of section 210A of the Companies Act, 1956 (1 of 1956), the Central Government, in consultation with the National Advisory Committee on Accounting Standards, hereby makes the following rules further to amend the Companies (Indian Accounting Standards) Rules, 2015, namely:- 1. Short title and commencement.- (1) These rules may be called the Companies (Indian Accounting Standards) Second Amendment Rules, 2018. (2) They shall come into force on the date of their publication [..] Read more at:
http://onlinelawsolutions.com/companies-indian-accounting-standards-second-amendment-rules-2018.html
Companies (Appointment and Qualification of Directors) Sixth Amendment Rules, 2018
In exercise of the powers conferred under second proviso to sub-section (1), sub-section (4), sub-section (6) of section 149, sub-section (3) and (4) of section 150, section 151, sub-section (5) of section 152, section 153, section 154, section 157, section 160, sub-section (1) of section 168 of and section 170 read with section 469 of the Companies Act, 2O13 (18 of 2013), the Central Government hereby makes the following rules further to amend the Companies (Appointment and Qualification of Directors) Rules, 2014, namely:- 1. (1) These rules may be called the Companies (Appointment and Qualification of Directors) Sixth Amendment [..] Read more at:
ICSI
SS-4: SECRETARIAL STANDARD ON REPORT OF THE BOARD OF DIRECTORS issued by ICSI
The Companies Act, 2013, requires the Board of Directors of every company to attach its report to the financial statements to be laid before the members at the annual general meeting. The Board’s Report is an important means of communication by the Board of Directors of a company with its stakeholders. The Board’s Report provides the stakeholders with both financial and non-financial information, including the performance and prospects of the company, relevant changes in the management and capital structure, recommendations as to the distribution of profits, future and on-going programmes of expansion [..] Read more at:
SOCIAL LINKS:
Unsubscribe: To unsubscribe, forward us this email at help...@ols.legal
Thanks & Regards
Team
Information Department
Disclaimer: This e-mail is confidential and for the purpose of knowledge sharing among the professionals and shall not be treated as solicitation in any manner or for any other purpose whatsoever. It may also be legally privileged. If you are not the addressee you may not copy, forward, disclose or use any part of it. If you have received this message in error, please delete it and all copies from your system and notify the sender immediately by return e-mail. Internet communications cannot be guaranteed to be timely, secure, error or virus-free. The sender does not accept liability for any errors or omissions. You are kindly requested to verify & confirm the updates from the genuine sources before acting on any of the information's provided here above. Thanks.