{"id":5731,"date":"2019-04-06T15:28:27","date_gmt":"2019-04-06T09:58:27","guid":{"rendered":"http:\/\/carajput.com\/blog\/?p=5731"},"modified":"2021-12-08T12:07:28","modified_gmt":"2021-12-08T06:37:28","slug":"corporate-and-professional-updates-on-6th-april-2019","status":"publish","type":"post","link":"https:\/\/carajput.com\/blog\/corporate-and-professional-updates-on-6th-april-2019\/","title":{"rendered":"Corporate and Professional Updates on 6th April 2019"},"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-69d794e1b715b\" 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-69d794e1b715b\"  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-and-professional-updates-on-6th-april-2019\/#Corporate_and_Professional_Updates_on_6th_April_2019\" title=\"Corporate and Professional Updates on 6th April 2019\">Corporate and Professional Updates on 6th April 2019<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/carajput.com\/blog\/corporate-and-professional-updates-on-6th-april-2019\/#Direct_Tax_Updates\" title=\"Direct Tax Updates:\">Direct Tax Updates:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/carajput.com\/blog\/corporate-and-professional-updates-on-6th-april-2019\/#RBI_Updates\" title=\"RBI Updates:\">RBI Updates:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/carajput.com\/blog\/corporate-and-professional-updates-on-6th-april-2019\/#Other_Updates\" title=\"Other Updates:\">Other Updates:<\/a><ul class='ez-toc-list-level-4'><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/carajput.com\/blog\/corporate-and-professional-updates-on-6th-april-2019\/#Key_Due_Dates\" title=\"Key Due Dates:\">Key Due Dates:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/carajput.com\/blog\/corporate-and-professional-updates-on-6th-april-2019\/#More_updates_CORPORATE_TAX_UPDATE_FOR_THE_MONTH_OF_OCTOBER_THIRD_WEEK\" title=\"More updates :CORPORATE TAX UPDATE FOR THE MONTH OF OCTOBER THIRD WEEK\">More updates :CORPORATE TAX UPDATE FOR THE MONTH OF OCTOBER THIRD WEEK<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/carajput.com\/blog\/corporate-and-professional-updates-on-6th-april-2019\/#More_updates_CORPORATE_TAX_UPDATE_FOR_THE_MONTH_OF_OCTOBER_SECOND_WEEK\" title=\"More updates:CORPORATE TAX UPDATE FOR THE MONTH OF OCTOBER SECOND WEEK\">More updates:CORPORATE TAX UPDATE FOR THE MONTH OF OCTOBER SECOND WEEK<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><\/h2>\n<p><img decoding=\"async\" src=\"https:\/\/img.etimg.com\/thumb\/height-480,width-640,msid-66127644,imgsize-540402\/1.jpg\" alt=\"Related image\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Corporate_and_Professional_Updates_on_6th_April_2019\"><\/span>Corporate and Professional Updates on 6th April 2019<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Direct_Tax_Updates\"><\/span><span style=\"color: #000000;\"><a style=\"color: #000000;\" href=\"https:\/\/www.caindelhiindia.com\/blog\/popular-faq-on-direct-indirect-tax-corporate-regulatory-matters\/\"><strong><span style=\"text-decoration: underline;\">Direct Tax Updates:<\/span><\/strong><\/a><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li style=\"text-align: justify;\">CBDT has amended Rule 12 of the <a href=\"https:\/\/carajput.com\/income-tax-services.php\">Income Tax Rules, 1962<\/a> w.e.f 1.4.2019 which provides forms and manner of furnishing of return of income. The amendments have been made for AY 2019-20.<\/li>\n<li style=\"text-align: justify;\">CBDT with an intent to give effect to the Judgement(s)\/order(s) of Hon&#8217;ble Supreme Court on Aadhaar-PAN for filing return of income, has mandated to quote Aadhaar while filing the return of income unless specifically exempted as per any notification issued under sub-section (3) of section 139AA of the Act.<\/li>\n<li style=\"text-align: justify;\">The Income Tax department has notified I-T return forms for individuals and companies for the assessment year 2019-20.\u00a0While there has been no change in ITR-1 or Sahaj, which is to be filled by the salaried class, some sections in ITR 2, 3, 5, 6 and 7 have been rationalised.<\/li>\n<li style=\"text-align: justify;\">ITR-2 is filed by Individuals and HUFs not having income from profits and gains of business or profession, while ITR-3 is filed by individuals and HUFs\u00a0having income from profits and gains of business or profession.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h3 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><\/h3>\n<p style=\"text-align: justify;\"><img decoding=\"async\" class=\" aligncenter\" src=\"https:\/\/encrypted-tbn0.gstatic.com\/images?q=tbn:ANd9GcSM6K-yMFcoH_zPDQzScUomTPbXZAlCf_ItYqk5n8kWxxGt-mHg\" alt=\"Related image\" \/><\/p>\n<ul style=\"text-align: justify;\">\n<li><a href=\"https:\/\/carajput.com\/rbi-consulting.php\">RBI<\/a> has taken a lot of action for infusing additional liquidity into the system \u2013\u2013 not only by way of open market operations, but also through the currency\u00a0swap,\u201d central bank Governor Shaktikanta Das said on Thursday after the monetary policy review.\u00a0\u201cWe have already infused enough liquidity. There has to be effective transmission of rates; we are very particular on this.\u201d<\/li>\n<li>Corporate and individuals pay advance tax and goods and services tax, resulting in shortage of money in the system. The cash shortage has narrowed in FY20.\u00a0The RBI Governor also scotched market speculation that the swap auction would become RBI\u2019s primary liquidity management tool.\u00a0\u201cWith regard to OMOs and currency swap \u2026the currency swap auction is an additional instrument we have added to our toolkit to deal with liquidity,\u201d Das\u00a0said. \u201cWe will use all tools to infuse liquidity, depending on the requirement and other relevant factors.\u201d<\/li>\n<li>Cash availability in the banking system is crucial for deriving the true benefits of policy rate cuts. If the banking system is running an acute cash\u00a0shortage, interest rates are unlikely to head south in line with the RBI\u2019s policy or repo rate, the rate at which banks borrow short-term money from the\u00a0central bank.<\/li>\n<\/ul>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Other_Updates\"><\/span><strong><em><span style=\"text-decoration: underline;\">Other Updates:<\/span><\/em><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul style=\"text-align: justify;\">\n<li>Fitch retains India&#8217;s credit rating at &#8216;BBB-&#8216; with a &#8216;stable outlook&#8217;<\/li>\n<li>Govt sells Rs 1,150 cr &#8216;enemy&#8217; Wipro shares, state-owned firms major buyers<\/li>\n<li>Mukesh Ambani, Sunil Mittal consider competing for stake in Zee: Report<\/li>\n<li>Govt close to meeting fiscal deficit target of 3.4%: Economic Affairs Secy<\/li>\n<li>USFDA clearance may strengthen Cipla.<\/li>\n<li>M&amp;A deals in India declined 17% to $25.8 billion in Jan-Mar: Report<\/li>\n<li>Lenders to invite bids for Jet Airways stake sale on 6 April<\/li>\n<li>New government to announce proposed industrial policy: Suresh Prabhu<\/li>\n<li>Govt may cap export of anti-rabies vaccine<\/li>\n<li>India will be a big market for H&amp;M globally.<\/li>\n<\/ul>\n<h4 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Key_Due_Dates\"><\/span><strong><em><span style=\"text-decoration: underline;\">Key Due Dates:<\/span><\/em><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<ul style=\"text-align: justify;\">\n<li><strong><em><span style=\"text-decoration: underline;\">10-04-2019 &#8211; <\/span><\/em><\/strong>GSTR 8 for E-Commerce operators for the m\/o March 2019.<\/li>\n<li><strong><em><span style=\"text-decoration: underline;\">10-04-2019<\/span><\/em><\/strong> &#8211; Filing GSTR-7 (for assessee who is required to deduct TDS under GST) for the m\/o March 2019.<\/li>\n<li><strong><em><span style=\"text-decoration: underline;\">11-04-2019<\/span><\/em><\/strong> &#8211; GSTR-1\u00a0for the month of March 2019 for taxpayers with Annual Aggregate turnover\u00a0More than\u00a01.50 Crore.<\/li>\n<li><strong><em><span style=\"text-decoration: underline;\">13-04-2019<\/span><\/em><\/strong> &#8211; GSTR-6 for Input Service Distributor.<\/li>\n<li><strong><em><span style=\"text-decoration: underline;\">18-04-2019<\/span><\/em><\/strong> &#8211; <a href=\"https:\/\/carajput.com\/gst\/gst-return.php\">Quarterly return<\/a> for taxpayers opting for\u00a0Composition Scheme(GSTR-4)<\/li>\n<li><strong><em><span style=\"text-decoration: underline;\">20-04-2019<\/span><\/em><\/strong> &#8211;\u00a0GSTR-3B\u00a0for the m\/o March 2019.<\/li>\n<li><strong><em><span style=\"text-decoration: underline;\">30-04-2019<\/span><\/em><\/strong> &#8211; GSTR-1\u00a0for the quarter ending March 2019 for taxpayers with Annual Aggregate turnover\u00a0upto than\u00a01.50 Crore.<\/li>\n<li><strong><em><span style=\"text-decoration: underline;\">14-04-2019<\/span><\/em><\/strong> &#8211; Issue of TDS Certificate for tax deducted under section 194-IA\/194-IB in m\/o Feb&#8217;19.<\/li>\n<li><strong><em><span style=\"text-decoration: underline;\">30-04-2019<\/span><\/em><\/strong> &#8211; Deposit of <a href=\"https:\/\/carajput.com\/tds.php\">TDS\/TCS<\/a> for m\/o March 2019.<\/li>\n<li><strong><em><span style=\"text-decoration: underline;\">30-04-2019<\/span><\/em><\/strong> &#8211; Furnishing challan-cum-statement in respect of tax deducted u\/s 194-IA\/194IB in month of March&#8217;19<\/li>\n<li>\n<h4><span class=\"ez-toc-section\" id=\"More_updates_CORPORATE_TAX_UPDATE_FOR_THE_MONTH_OF_OCTOBER_THIRD_WEEK\"><\/span><span style=\"color: #0000ff;\"><strong><a style=\"color: #0000ff;\" href=\"https:\/\/carajput.com\/blog\/professional-update-for-the-month-of-october\/\"><em>More updates :CORPORATE TAX UPDATE FOR THE MONTH OF OCTOBER THIRD WEEK<\/em><\/a><\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<h4><span class=\"ez-toc-section\" id=\"More_updates_CORPORATE_TAX_UPDATE_FOR_THE_MONTH_OF_OCTOBER_SECOND_WEEK\"><\/span><em><span style=\"color: #0000ff;\"><strong><a style=\"color: #0000ff;\" href=\"https:\/\/carajput.com\/blog\/corporate-tax-update-for-the-month-of-october-forth-week\/\">More updates:CORPORATE TAX UPDATE FOR THE MONTH OF OCTOBER SECOND WEEK<\/a><\/strong><\/span><\/em><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Corporate and Professional Updates on 6th April 2019 Direct Tax Updates: CBDT has amended Rule 12 of the Income Tax Rules, 1962 w.e.f 1.4.2019 which provides forms and manner of furnishing of return of income. The amendments have been made for AY 2019-20. CBDT with an intent to give effect to the Judgement(s)\/order(s) of Hon&#8217;ble &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[150,1,15],"tags":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/5731"}],"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=5731"}],"version-history":[{"count":5,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/5731\/revisions"}],"predecessor-version":[{"id":19587,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/5731\/revisions\/19587"}],"wp:attachment":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/media?parent=5731"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/categories?post=5731"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/tags?post=5731"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}