Categories: Others

Corporate and Professional Updates on 21st February 2019

Direct tax Updates:

  • DIRECTORATE OF INCOME TAX (SYSTEM) issued Instruction No. 6 dt. 20-02-2019 regarding Processing of Return of AY 2017-18 and Issue of notice for prima facie adjustment under 143(1)(a).

Indirect tax Updates:

  • GST Council adjourns meeting, to decide on lowering levy for real estate on Sunday
  • CBIC vide Notification No. 09/2019-CT dt. 20-02-2019 extended the last date of filing GSTR-3B for the month of January, 2019 up to 22.02.2019.

Other updates:

  • MCA Notification dated 19-02-2019 Central Government makes the following rules, further to amend the Companies Rules, 2014 and also to amend the Companies.
  • Supreme Court of India in the case of Ram Siromani Tripathi & Ors. Vs State of U.P. & Ors. Held that No adjournment on the ground of non-presence of counsel in court.
  • Non-filing of appeal changes character of protective additions to substantive additions.
  • DCIT Vs M/s Nirala Housing Pvt. Ltd.
  • Moody’s upgrades outlook on Yes Bank to stable.
  • IL&FS probe ED registers money laundering case.
  • India to remain fastest growing economy.
  • Case SC dismisses contempt plea against SBI
  • FDI during April-Dec 2018-19 falls 7% to $33.49 Billion.
  • Allahabad Bank, IOB’s stake sale in Universal Sompo General Insurance gathers pace
  • to infuse Rs 48,239 cr. in 12 PSBs Corporation Bank gets Rs 9,086 cr.
  • Saudi Aramco in talks with Reliance Industries, others to invest in oil.
  • FinMin expects bad loan recoveries to touch Rs 1.80 trillion in FY19.
  • France court orders UBS to pay $5.1 billion for Swiss accounts scandal.
  • Govt calls meeting next week on mandatory hallmarking of gold jewellery.
  • Supreme Court holds Anil Ambani guilty in Ericsson case.
  • Alembic Pharma gets USFDA nod for glaucoma drug.
  • IRDAI spells out draft norms of standard mediclaim policy.
  • Aviation industry is challenging, says Naresh Goyal.
  • Lite Bite Foods to buy 4 restaurant brands from Phoenix Mills Group arm.
  • Only Jio, BSNL add mobile users in Dec, Voda Idea lost maximum Coal India gets SEBI exemption for share buyback programme
  • EPFO likely to announce 8.55% interest on EPF for FY19
  • Tata Motors betting big on electric buses, hopeful demand will grow
  • Vodafone Idea eyes 100% network integration by June 2020
  • Mukesh Ambani’s RIL world’s 6th fastest growing retailer beats Jeff Bezos’ Amazon, Nike
  • World’s biggest mortgage-backed covered bond market sets another record
  • Maruti Suzuki, Hyundai rule list of top 10 cars sold in January
  • Sonalika Tractors’ exports soar 130% in January
  • Govt mulls additional petroleum reserves
  • Fine on benami can be up to 25 per cent of property rate
  • SBI writes of Rs 10,000 as bad loans; 19 PSBs totalling Rs 41,000 as bad loans
  • Sensex snaps 9-day losing run, rebounds over 400 points
  • TCS recognised as a global top employer.

Key Due dates:

  • Due Date of GSTR 3B has been Extended upto 22nd February 2019.

Quote of the day:

I have always said ‘yes’ to opportunities and experiences.

Tags: direct tax updatesDIRECTORATE OF INCOME TAXfurther to amend the Companies RulesGST Council adjourns meetingIndirect Tax Updateslevy for real estateOTHER UPDATES
5 years ago
Rajput Jain & Associates

Rajput Jain & Associates is a Chartered Accountants firm, with it's headquarter situated at New Delhi (the capital of India). The firm has been set up by a group of young, enthusiastic, highly skilled and motivated professionals who have taken experience from top consulting firms and are extensively experienced in their chosen fields has providing a wide array of Accounting, Auditing, Taxation, Assurance and Business advisory services to various clients and their stakeholders. Rajput jain & Associates, a professional firm, offers its clients a full range of services, To serve better and to bring bucket of services under one roof, the firm has merged with it various Chartered Accountancy firms pioneer in diversified fields. We have associates all over India in big cities. All our offices are well equipped with latest technological support with updated reference materials. We have a large team of professionals other than our Core Team members to meet the requirements of our prospective clients including the existing ones. However, considering our commitment towards high quality services to our clients, our team keeps on growing with more and more associates having strong professional background with good exposure in the related areas of responsibility.

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