{"id":3897,"date":"2018-04-02T11:04:57","date_gmt":"2018-04-02T05:34:57","guid":{"rendered":"http:\/\/carajput.com\/blog\/?p=3897"},"modified":"2021-08-11T15:57:39","modified_gmt":"2021-08-11T10:27:39","slug":"corporate-professional-updates-2nd-april-2018","status":"publish","type":"post","link":"https:\/\/carajput.com\/blog\/corporate-professional-updates-2nd-april-2018\/","title":{"rendered":"corporate &#038; professional updates 2nd April 2018"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_58 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Page Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69d27eaf7ca68\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #000000;color:#000000\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #000000;color:#000000\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69d27eaf7ca68\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/carajput.com\/blog\/corporate-professional-updates-2nd-april-2018\/#Direct_Tax\" title=\"Direct Tax:\">Direct Tax:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/carajput.com\/blog\/corporate-professional-updates-2nd-april-2018\/#Indirect_Tax\" title=\"Indirect Tax:\">Indirect Tax:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/carajput.com\/blog\/corporate-professional-updates-2nd-april-2018\/#MCA_Updates\" title=\"MCA Updates:\">MCA Updates:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/carajput.com\/blog\/corporate-professional-updates-2nd-april-2018\/#RBI_updates\" title=\"RBI updates\">RBI updates<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/carajput.com\/blog\/corporate-professional-updates-2nd-april-2018\/#Key_Dates\" title=\"Key Dates:\">Key Dates:<\/a><\/li><\/ul><\/nav><\/div>\n<p style=\"text-align: justify;\"><img decoding=\"async\" src=\"https:\/\/www.essentialenglishcentre.com\/wp-content\/uploads\/2015\/03\/English-for-Law.jpg\" alt=\"Image result for corporate and professional\" \/><\/p>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Direct_Tax\"><\/span><strong><em><span style=\"text-decoration: underline;\">Direct Tax:<\/span><\/em><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li style=\"text-align: justify;\">CBDT extends timeline for linking <a href=\"https:\/\/carajput.com\/services\/permanent-account-number-pan.php\">PAN<\/a> with Aadhaar till June 30<sup>th<\/sup>.<\/li>\n<li style=\"text-align: justify;\">Bangalore ITAT holds that income of AOP cannot be taxed in the hands of the assessee(one of the members of AOP) during AY 2012-13 merely due to non-filing of PAN card and IT return of AOP, notes that AOP was in existence as per deed executed;\u00a0[TS-134-ITAT-2018(bang)]<\/li>\n<li style=\"text-align: justify;\">CBDT on 28<sup>th<\/sup>March, 2018 clarified that all the returns for AY 2017-18 and onwards have to be processed under section 143(1) of the<a href=\"https:\/\/carajput.com\/income-tax-services.php\"> Income-tax Act, 1961<\/a> irrespective of the fact whether the cases are under scrutiny or AO contemplating withholding of refund under section\u00a0241Aof the Act.<\/li>\n<li style=\"text-align: justify;\">Income-Tax Department released a pan-India list of 24 defaulting individuals and companies who owe about Rs 4.9 billion in taxes to the exchequer but have either gone untraceable or have reported inadequate assets for payment of dues.<\/li>\n<\/ul>\n<p><span style=\"color: #0000ff;\"><strong>More reads :<\/strong><\/span><\/p>\n<ul>\n<li style=\"text-align: left;\"><strong><a href=\"https:\/\/carajput.com\/blog\/basic-of-aadhar-card-significance-process-aadhaar-linking-with-pan\/\">Basic\u00a0 of\u00a0 Adhaar Card, significance, process,\u00a0 Aadhaar linking\u00a0 with \u00a0PAN<\/a><\/strong><\/li>\n<li style=\"text-align: left;\"><a href=\"https:\/\/carajput.com\/blog\/hhow-to-check-the-status-of-tan-application\/\"><strong>How to check the status of TAN and PAN Application<\/strong><\/a><strong>\u00a0\u00a0\u00a0\u00a0<\/strong><\/li>\n<\/ul>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Indirect_Tax\"><\/span><strong><em><span style=\"text-decoration: underline;\">Indirect Tax:<\/span><\/em><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li style=\"text-align: justify;\">CBEC releases simplified application form for anti-profiteering complaints; Accordingly, affected consumers can file their grievance using Form APAF-1, which is made more convenient to use, before Standing Committee or State level Screening Committee in terms of Rule 128 of <a href=\"https:\/\/carajput.com\/gst\/gst-consultancy.php\">CGST Rules<\/a>; New form requires general information about\u00a0applicant\u00a0and supplier who has not passed on benefit, as well as particulars of goods \/ services and details of reduction in tax rate \/ benefit of ITC.<\/li>\n<li style=\"text-align: justify;\">Extension to 31.05.2018 of \u00a0Last Date of GSTR-6 for July17-April 18. CBEC Notification no. 19\/2018-Central Tax.<\/li>\n<\/ul>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"MCA_Updates\"><\/span><strong><em><span style=\"text-decoration: underline;\">MCA Updates:<\/span><\/em><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li style=\"text-align: justify;\">MCA has extended the Condonation of Delay Scheme, 2018 upto\u00a030th April, 2018.\u00a0Vide circular no No022018, dated 28.03.2018.<\/li>\n<li style=\"text-align: justify;\">MCA has issued circular regarding relaxation of additional fees and extension of last date of filling of AOC -4 XBRL using Ind AS under the Companies Act, 2013.<\/li>\n<li style=\"text-align: justify;\">MCA has made the amendments to the principal rules and notified the Companies (Indian Accounting Standards) Amendment Rules, 2018 which shall come into force from the 1st day of April, 2018.<\/li>\n<li style=\"text-align: justify;\">Pleased to inform you that IndAS XBRL Filing and CODs Scheme date\u2019s has been extended.\u00a0\u00a0<a href=\"https:\/\/www.mca.gov.in\/Ministry\/pdf\/GeneralCircularNo01of2018_29032018.pdf\">https:\/\/www.mca.gov. in\/Ministry\/pdf\/GeneralCircularNo01of201829032018.pdf<\/a><\/li>\n<\/ul>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"RBI_updates\"><\/span><strong><em><span style=\"text-decoration: underline;\">RBI updates<\/span><\/em><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li style=\"text-align: justify;\"><a href=\"https:\/\/carajput.com\/rbi-consulting.php\">RBI<\/a> has directed all banks to participate in the special clearing operations to be held on March 31 to clear government accounts.<\/li>\n<\/ul>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Key_Dates\"><\/span><strong><em><span style=\"text-decoration: underline;\">Key Dates:<\/span><\/em><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul style=\"text-align: justify;\">\n<li>Filing of <a href=\"https:\/\/carajput.com\/gst\/gst-return.php\">GSTR-6<\/a> for july 2017-feb-2018 :31.03.2018<\/li>\n<li>Filing of GSTR-4 for jan-2018-march-2018: 18.04.2018<\/li>\n<li>Filing of <a href=\"https:\/\/carajput.com\/gst\/gst-return.php\">GSTR-1<\/a> for feb 2018(turnover more than Rs1.50 cr):10.04.2018<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Direct Tax: CBDT extends timeline for linking PAN with Aadhaar till June 30th. Bangalore ITAT holds that income of AOP cannot be taxed in the hands of the assessee(one of the members of AOP) during AY 2012-13 merely due to non-filing of PAN card and IT return of AOP, notes that AOP was in existence &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18,150,172,9,4],"tags":[1174,1176,1566,1548,1565,1175,1177],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/3897"}],"collection":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/comments?post=3897"}],"version-history":[{"count":4,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/3897\/revisions"}],"predecessor-version":[{"id":15435,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/3897\/revisions\/15435"}],"wp:attachment":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/media?parent=3897"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/categories?post=3897"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/tags?post=3897"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}