{"id":5782,"date":"2019-05-08T22:22:32","date_gmt":"2019-05-08T16:52:32","guid":{"rendered":"http:\/\/carajput.com\/blog\/?p=5782"},"modified":"2021-12-09T11:49:13","modified_gmt":"2021-12-09T06:19:13","slug":"corporate-and-professional-updates-on-7th-may-2019","status":"publish","type":"post","link":"https:\/\/carajput.com\/blog\/corporate-and-professional-updates-on-7th-may-2019\/","title":{"rendered":"Corporate and Professional Updates on 7th May 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-69e1b34c99968\" 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-69e1b34c99968\"  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-7th-may-2019\/#Corporate_and_Professional_Updates_on_7th_May_2019\" title=\"Corporate and Professional Updates on 7th May 2019\">Corporate and Professional Updates on 7th May 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-7th-may-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-7th-may-2019\/#Indirect_Tax_Updates\" title=\"Indirect Tax Updates:\">Indirect Tax 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-7th-may-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-7th-may-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-7th-may-2019\/#More_updates_INCOME_TAX_UPDATE_18_NOVEMBER_2015\" title=\"More updates: INCOME TAX UPDATE 18 NOVEMBER 2015\">More updates: INCOME TAX UPDATE 18 NOVEMBER 2015<\/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-7th-may-2019\/#More_updates_INCOME_TAX_UPDATE_14_NOVEMBER_2015\" title=\"More updates:INCOME TAX UPDATE 14 NOVEMBER, 2015\">More updates:INCOME TAX UPDATE 14 NOVEMBER, 2015<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n\r\n<h2><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-19607\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2019\/05\/12.png\" alt=\"\" width=\"866\" height=\"484\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2019\/05\/12.png 866w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2019\/05\/12-300x168.png 300w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2019\/05\/12-768x429.png 768w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2019\/05\/12-800x447.png 800w\" sizes=\"(max-width: 866px) 100vw, 866px\" \/><\/h2>\r\n<h2><span class=\"ez-toc-section\" id=\"Corporate_and_Professional_Updates_on_7th_May_2019\"><\/span>Corporate and Professional Updates on 7th May 2019<span class=\"ez-toc-section-end\"><\/span><\/h2>\r\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><em>Direct Tax Updates:<\/em><\/strong><\/a><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\r\n\r\n\r\n\r\n<ul>\r\n<li>The finance ministry on Monday said there was growth of 19 per cent in income-tax returns (ITRs) electronically filed for the assessment year 2018-19\u00a0(AY19), compared to those in 2017-18 (AY18).The ministry said a total of 66.8 million returns were e-filed in FY19, which included 64.9 million for AY19.\u00a0<\/li>\r\n<li>On the other hand, a total 67.4 million returns were e-filed in 2017-18 (FY18), which included 54.7 million for AY18.\u00a0The statement came amid some reports that the number of returns e-filed in FY19 saw a decrease on yearly basis.<\/li>\r\n<li>The deadline for filing <a href=\"https:\/\/carajput.com\/income-tax-services.php\">income tax returns (ITR)<\/a> is July 31 for every assessment year. If you miss the deadline, you can always file a belated return by up to March 31 with penalty of the following year. If you have also missed the deadline for filing a belated return, you can\u2019t file it after March 31.<\/li>\r\n<li>Capital Gains: Though section 50C is a deeming provision and the AO is obliged to compute the capital gains by taking the valuation arrived at by the DVO in place of the actual consideration received by the assessee, the assessee is entitled to challenge the correctness of the DVO&#8217;s valuation before the CIT and the Tribunal. The DVO has to be given an opportunity of hearing.<\/li>\r\n<\/ul>\r\n\r\n\r\n\r\n<h3><span class=\"ez-toc-section\" id=\"Indirect_Tax_Updates\"><\/span><strong><em>Indirect Tax Updates:<\/em><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\r\n\r\n\r\n\r\n<ul>\r\n<li>All invoices for business-to-business sales by entities beyond a specified turnover threshold will be generated on a centralised government portal by September, a move aimed at curbing the menace of fake invoices and evasion of<a href=\"https:\/\/carajput.com\/gst\/gst-consultancy.php\"> GST<\/a>.<\/li>\r\n<li>Delhi High Court has directed the GST Council to review the tax structure for solar power projects. The decision was in response to a writ filed by the Solar Power Development Association, which had challenged the latest tax formulation for solar power generating systems unveiled on January 1.<\/li>\r\n<li>CBIC\u00a0 has informed that the IEC holders can register with the Goods and Services Tax Identification Number (GSTIN). It was said that no Digital Signature is required for the same.<\/li>\r\n<\/ul>\r\n<p>&nbsp;<\/p>\r\n\r\n\r\n\r\n<h3><span class=\"ez-toc-section\" id=\"Other_Updates\"><\/span><strong><em>Other Updates:<\/em><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\r\n\r\n\r\n\r\n<ul>\r\n<li>E-comm policy, data localisation figure in Indo-US meet<\/li>\r\n<li>Trade war would be &#8216;bad for the world&#8217;<\/li>\r\n<li>Bharti Airtel posts surprise Q4 profit of Rs 107 crore<\/li>\r\n<li>L&amp;T buys Rs 113 cr Mindtree shares in open mkt<\/li>\r\n<li>ICICI Bank Q4 profit drops 5% to Rs 969 crore<\/li>\r\n<li>Jaypee Infra lenders to mull NBCC revised bid<\/li>\r\n<li>Policy to boost exports on anvil as trade deficit hits new high of $176 bn<\/li>\r\n<li>State-owned discoms&#8217; debt set to rise to pre-Uday levels of Rs 2.6 trn<\/li>\r\n<li>Forgers are forcing $9-trillion global trade financing into digital age<\/li>\r\n<li>Govt cannot ensure cheaper oil to India, says US commerce secretary<\/li>\r\n<li>HDFC Bank board may go for splitting stock into two later this month<\/li>\r\n<li>Wockhardt Q4 net loss narrows to Rs 14.47 cr<\/li>\r\n<li>Industry bodies list key issues for GST Council meet next month<\/li>\r\n<li>Gujarat Gas net jumps 77% in March quarter<\/li>\r\n<li>PFS reports Q4 net profits at Rs 36.76 crore<\/li>\r\n<li>The liquidation process for ABG Shipyard commences<\/li>\r\n<li>Medlife acquires Bengaluru-based Myra Medicines<\/li>\r\n<li>NRIs can remit up to $1 mn from the sale of property in India<\/li>\r\n<li>Investor wealth erodes by \u20b91.24 lakh cr as markets plunge<\/li>\r\n<li>Finance Commission to meet RBI governor, bank officials during Mumbai visit<\/li>\r\n<li>Asset quality improves but the trend in slippages, provisions key of ICICI Bank.<\/li>\r\n<li>UK entrepreneur says SBI allows him to bid for Jet Airways<\/li>\r\n<li>Mastercard commits $1 bn investment in India in next 5 yrs; to develop India as a global tech node<\/li>\r\n<li>Anand Piramal, Kris Gopalakrishnan, Accel Partners, others pouring $74 million in Mukesh Bansal\u2019s CureFit<\/li>\r\n<li>China gives a modest boost to the economy with RRR cut amid renewed trade tensions<\/li>\r\n<li>India\u2019s services sector output growth at 7-month low in April: PMI<\/li>\r\n<li>Sensex slumps 363 pts as US-China trade talks derail<\/li>\r\n<li>End-user IT spending in India to reach USD 15 bn in 2019: Report<\/li>\r\n<li>Sun Pharmaceutical eyes Chinese market<\/li>\r\n<li>Over 100 US cos visiting India to explore business opportunities.<\/li>\r\n<\/ul>\r\n\r\n\r\n\r\n<h4><span class=\"ez-toc-section\" id=\"Key_Due_Dates\"><\/span><strong><em>Key Due Dates:<\/em><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\r\n\r\n\r\n\r\n<ul>\r\n<li>Payment of <a href=\"https:\/\/carajput.com\/tds.php\">TDS<\/a> Deducted in April is 7th May 2019.<\/li>\r\n<li>GSTR-1 Due Date for the month of April 2019 is 11th May 2019.<\/li>\r\n<li>GSTR-3B for the month of April 2019 is 20th May 2019.<\/li>\r\n<li>\r\n<h4><span class=\"ez-toc-section\" id=\"More_updates_INCOME_TAX_UPDATE_18_NOVEMBER_2015\"><\/span><span style=\"color: #0000ff;\"><strong><a style=\"color: #0000ff;\" href=\"https:\/\/carajput.com\/blog\/income-tax-act-3\/\">More updates: INCOME TAX UPDATE 18 NOVEMBER 2015<\/a><\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h4>\r\n<h4><span class=\"ez-toc-section\" id=\"More_updates_INCOME_TAX_UPDATE_14_NOVEMBER_2015\"><\/span><strong><a href=\"https:\/\/carajput.com\/blog\/income-tax-act\/\"><span style=\"color: #0000ff;\">More updates:INCOME TAX UPDATE 14 NOVEMBER, 2015<\/span><\/a><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\r\n<\/li>\r\n<\/ul>\r\n\r\n\r\n","protected":false},"excerpt":{"rendered":"<p>Corporate and Professional Updates on 7th May 2019 Direct Tax Updates: The finance ministry on Monday said there was growth of 19 per cent in income-tax returns (ITRs) electronically filed for the assessment year 2018-19\u00a0(AY19), compared to those in 2017-18 (AY18).The ministry said a total of 66.8 million returns were e-filed in FY19, which included &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[150,9,15],"tags":[8545,6216,8546,8544],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/5782"}],"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=5782"}],"version-history":[{"count":5,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/5782\/revisions"}],"predecessor-version":[{"id":19608,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/5782\/revisions\/19608"}],"wp:attachment":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/media?parent=5782"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/categories?post=5782"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/tags?post=5782"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}