{"id":5795,"date":"2019-05-15T16:40:08","date_gmt":"2019-05-15T11:10:08","guid":{"rendered":"http:\/\/carajput.com\/blog\/?p=5795"},"modified":"2023-12-14T23:25:37","modified_gmt":"2023-12-14T17:55:37","slug":"corporate-and-professional-updates-on-13th-may-2019","status":"publish","type":"post","link":"https:\/\/carajput.com\/blog\/corporate-and-professional-updates-on-13th-may-2019\/","title":{"rendered":"Corporate and Professional Updates on 13th May 2019"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_88 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Page Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6abfe06ec49a2\" 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-6abfe06ec49a2\"  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-13th-may-2019\/#Corporate_and_Professional_Updates_on_13th_May_2019\" >Corporate and Professional Updates on 13th May 2019<\/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-and-professional-updates-on-13th-may-2019\/#Direct_Tax_Updates\" >Direct Tax Updates:<\/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-and-professional-updates-on-13th-may-2019\/#Indirect_tax_Updates\" >Indirect tax 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-and-professional-updates-on-13th-may-2019\/#Other_Updates\" >Other 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-and-professional-updates-on-13th-may-2019\/#Everything_You_Can_Do_in_Excel\" >Everything You Can Do in Excel<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/carajput.com\/blog\/corporate-and-professional-updates-on-13th-may-2019\/#Popular_blog\" >Popular blog:-<\/a><\/li><\/ul><\/nav><\/div>\n\r\n<h2><span class=\"ez-toc-section\" id=\"Corporate_and_Professional_Updates_on_13th_May_2019\"><\/span>Corporate and Professional Updates on 13th May 2019<span class=\"ez-toc-section-end\"><\/span><\/h2>\r\n<h2><span class=\"ez-toc-section\" id=\"Direct_Tax_Updates\"><\/span><a href=\"https:\/\/www.caindelhiindia.com\/blog\/?s=direct+tax\"><strong><em><span style=\"text-decoration: underline;\">Direct Tax Updates:<\/span><\/em><\/strong><\/a><span class=\"ez-toc-section-end\"><\/span><\/h2>\r\n\r\n\r\n\r\n\r\n\r\n<ul class=\"wp-block-list\">\r\n<li>ITR-3 (Excel Utilities) has been issued by CBDT on 10\/05\/2019 for the assessment year 2019-20 (i.e. for the financial year 2018-19) Now<a href=\"https:\/\/carajput.com\/tax-audit.php\"> Tax audit<\/a> can be done by Chartered Accountants for Individual &amp; HUF.<\/li>\r\n<li>Managerial remuneration: Where a company made provision for payment of managerial remuneration to the assessee, same created an obligation on assessee to bear tax liability on salary.<\/li>\r\n<li>The <a href=\"https:\/\/carajput.com\/income-tax-services.php\">Income Tax<\/a> Department will now share information such as reported turnover and gross income declared with the Goods and Services Tax Network to check tax evasion.\u00a0The I-T Department and GSTN will enter an agreement on the modalities of information sharing.<\/li>\r\n<li>The Central Board of Direct Taxes has said the agreement will include provisions for confidentiality, a mechanism for safe preservation of data, and timelines for furnishing information.<\/li>\r\n<\/ul>\r\n<h2><span class=\"ez-toc-section\" id=\"Indirect_tax_Updates\"><\/span><strong><em><span style=\"text-decoration: underline;\">Indirect tax Updates:<\/span><\/em><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\r\n\r\n\r\n\r\n\r\n\r\n<ul class=\"wp-block-list\">\r\n<li>Hindustan Coca-Cola Beverages (HCCB) and distributors of FMCG and consumer durable firms have come under the lens of the<a href=\"https:\/\/carajput.com\/gst\/gst-consultancy.php\"> goods and services tax (GST)<\/a> authorities over so-called post-sale discounts offered by manufacturers.<\/li>\r\n<li>GST is payable on freight charges recovered from customers without the issuance of the consignment note. Case Name: In re Siemens Limited.<\/li>\r\n<li>Gujarat High Court in the matter of Octagon Communications Pvt Ltd Vs Union of India allows the filing of GSTR-3B without payment of GST.<\/li>\r\n<li>The input Tax credit is admissible even if Consideration is paid through Book Adjustments. In re Senco Gold Ltd GST AAR West Bengal.<\/li>\r\n<\/ul>\r\n\r\n\r\n\r\n<h2><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><\/h2>\r\n\r\n\r\n\r\n<ul class=\"wp-block-list\">\r\n<li>Piramal Group plans to buy operational renewable power projects of Mytrah<\/li>\r\n<li>NBFC crisis imminent says Corp Affairs Secy<\/li>\r\n<li>RBI study finds why there&#8217;s a dip in bank deposits<\/li>\r\n<li>Positive sentiment continues for the manufacturing sector in Q4, capacity utilization up at 80%: FICCI survey<\/li>\r\n<li>NCLT dismisses ICICI Bank&#8217;s plea to initiate insolvency proceedings against Era Infrastructure<\/li>\r\n<li>FPIs press the exit button, pull out Rs 3,207 crore from markets in May<\/li>\r\n<li>DMart Q4 net profit rises 21.4% at Rs 203 crore but margins remain weak<\/li>\r\n<li>PNB Housing Finance reports a net profit of Rs 379.7 cr in Q4FY19; up 51%<\/li>\r\n<li>Apple&#8217;s wait bears fruit with sub-continent&#8217;s biggest store in Mumbai<\/li>\r\n<li>Reliance entry to digitize 5 million Kirana stores by 2023: report<\/li>\r\n<li>SRF to sell engineering plastics business to DSM India for \u20b9320 crore<\/li>\r\n<li>PC Jeweller gets board\u2019s nod for export division demerger<\/li>\r\n<li>Tata group\u2019s perfume brand Skinn eyes Rs 500-crore turnover by 2023<\/li>\r\n<li>Vedanta\u2019s benign March quarter results bring no solace for investors<\/li>\r\n<li>Accor in talks to invest up to $50 million in Treebo Hotels<\/li>\r\n<li>NCLAT dismisses insolvency plea against SpiceJet<\/li>\r\n<li>Unilever considers $1 billion bid for skincare brand Drunk Elephant<\/li>\r\n<li>Govt to set up a panel under DGFT to look at steel availability for engineering exporters<\/li>\r\n<li>Moody\u2019s India probing IL&amp;FS AAA rating by ICRA executives after whistle-blower complaint<\/li>\r\n<li>US-China talks break up with no deal after Trump hikes tariffs on $200 billion in Chinese imports<\/li>\r\n<li>Dalmia Bharat Q4 profit jumps over 2-fold to Rs 264 cr<\/li>\r\n<li>Jaypee Infratech insolvency: Lenders ask NBCC to withdraw some conditions<\/li>\r\n<li>COAI approaches DoT to stop the sale of mobile signal boosters on e-commerce sites.<\/li>\r\n<\/ul>\r\n<h2><span class=\"ez-toc-section\" id=\"Everything_You_Can_Do_in_Excel\"><\/span><span style=\"color: #000080;\"><strong>Everything You Can Do in Excel<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\r\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-25770\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2019\/05\/photo_2023-12-14_23-17-31.jpg\" alt=\"Everything You Can Do in Excel 1\" width=\"882\" height=\"1024\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2019\/05\/photo_2023-12-14_23-17-31.jpg 882w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2019\/05\/photo_2023-12-14_23-17-31-258x300.jpg 258w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2019\/05\/photo_2023-12-14_23-17-31-768x892.jpg 768w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2019\/05\/photo_2023-12-14_23-17-31-800x929.jpg 800w\" sizes=\"auto, (max-width: 882px) 100vw, 882px\" \/><\/p>\r\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-25773\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2019\/05\/Everything-You-Can-Do-in-Excel-2.jpg\" alt=\"Everything You Can Do in Excel 2\" width=\"1006\" height=\"1191\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2019\/05\/Everything-You-Can-Do-in-Excel-2.jpg 1006w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2019\/05\/Everything-You-Can-Do-in-Excel-2-253x300.jpg 253w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2019\/05\/Everything-You-Can-Do-in-Excel-2-865x1024.jpg 865w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2019\/05\/Everything-You-Can-Do-in-Excel-2-768x909.jpg 768w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2019\/05\/Everything-You-Can-Do-in-Excel-2-800x947.jpg 800w\" sizes=\"auto, (max-width: 1006px) 100vw, 1006px\" \/><\/p>\r\n\r\n\r\n\r\n<h2><span class=\"ez-toc-section\" id=\"Popular_blog\"><\/span>Popular blog:-<span class=\"ez-toc-section-end\"><\/span><\/h2>\r\n\r\n\r\n\r\n<ul class=\"wp-block-list\">\r\n<li><a href=\"https:\/\/carajput.com\/learn\/new-tds-deduction-provision-prevent-cash-transactions-of-more-than-1-crore-section-194n.html\"><strong>New TDS deduction No cash transactions exceeding 1 Crore -Section 194N<\/strong><\/a><\/li>\r\n<li><strong><a href=\"https:\/\/carajput.com\/learn\/deductions-under-section-80ccd-of-income-tax-act.html\">Deduction u\/s 80CCD of Income Tax Act, 1961<\/a><\/strong><\/li>\r\n<\/ul>\r\n\r\n\r\n","protected":false},"excerpt":{"rendered":"<p>Corporate and Professional Updates on 13th May 2019 Direct Tax Updates: ITR-3 (Excel Utilities) has been issued by CBDT on 10\/05\/2019 for the assessment year 2019-20 (i.e. for the financial year 2018-19) Now Tax audit can be done by Chartered Accountants for Individual &amp; HUF. Managerial remuneration: Where a company made provision for payment of &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9933,258],"tags":[7943,7955,557,7956],"class_list":["post-5795","post","type-post","status-publish","format-standard","hentry","category-corporate-and-professional-updates","category-corporate-law","tag-indirect-tax-updates-2","tag-managerial-remuneration-where-a-company-made-provision-for-payment-of-managerial-remuneration-to-assessee","tag-other-updates","tag-same-created-an-obligation-on-assessee-to-bear-tax-liability-on-salary"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 5.0.2 - aioseo.com -->\n\t<meta name=\"description\" content=\"Corporate and Professional Updates, all about direct tax, indirect tax, other updates, Everything You Can Do in Excel, Excel formula, MS Excel Update\" \/>\n\t<meta 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