{"id":5799,"date":"2019-05-15T16:52:30","date_gmt":"2019-05-15T11:22:30","guid":{"rendered":"http:\/\/carajput.com\/blog\/?p=5799"},"modified":"2022-02-05T13:24:52","modified_gmt":"2022-02-05T07:54:52","slug":"corporate-and-professional-updates-on-15th-may-2019","status":"publish","type":"post","link":"https:\/\/carajput.com\/blog\/corporate-and-professional-updates-on-15th-may-2019\/","title":{"rendered":"Corporate and Professional Updates on 15th 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-69d7cfa0dcce8\" 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-69d7cfa0dcce8\"  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-15th-may-2019\/#Corporate_and_Professional_Updates_on_15th_May_2019\" title=\"Corporate and Professional Updates on 15th May 2019\">Corporate and Professional Updates on 15th 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-15th-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-15th-may-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-15th-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-15th-may-2019\/#Popular_blog\" title=\"Popular blog:-\">Popular blog:-<\/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-15th-may-2019\/#Legal_Compliance_Audit_service_in_India\" title=\"Legal Compliance Audit service in India\">Legal Compliance Audit service in India<\/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-15th-may-2019\/#Income_tax_Chart_2020_with_covering_latest_Covid_Relaxations_Alternative_Tax_Regime\" title=\"Income tax Chart 2020 with covering latest\u00a0Covid Relaxations &amp; Alternative Tax Regime\u00a0\">Income tax Chart 2020 with covering latest\u00a0Covid Relaxations &amp; Alternative Tax Regime\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/carajput.com\/blog\/corporate-and-professional-updates-on-15th-may-2019\/#Tax_Audit_Check_List\" title=\"Tax Audit Check List\u00a0\">Tax Audit Check List\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/carajput.com\/blog\/corporate-and-professional-updates-on-15th-may-2019\/#i\" title=\"\u00a0\">\u00a0<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n\r\n<p>&nbsp;<\/p>\r\n\r\n\r\n\r\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/ak2.picdn.net\/shutterstock\/videos\/3350942\/thumb\/1.jpg\" alt=\"Image result for hd Pics On Direct tax\" \/><\/figure>\r\n<h2><span class=\"ez-toc-section\" id=\"Corporate_and_Professional_Updates_on_15th_May_2019\"><\/span>Corporate and Professional Updates on 15th 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\/?s=direct+tax\"><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<a href=\"https:\/\/carajput.com\/income-tax-services.php\"> income tax<\/a> department Tuesday deferred for the second time the requirement for companies to include in their tax audit report the details of Goods and Services Tax and GAAR.<\/li>\r\n<li>The reporting requirement of these details in the income tax audit form has been kept in abeyance till March 31, 2020 &#8212; meaning that all income tax audit reports need not include details on GST and General Anti-Avoidance Rules (GAAR) till March 2020. Business entities having a turnover of more than Rs 1 crore (or Rs 2 crore if they have opted for presumptive taxation) and professionals with gross receipts of more than Rs 50 lakh have to comply with the tax audit requirements.<\/li>\r\n<li>The due date for its filing is September 30 and if the taxpayer is covered by transfer pricing provisions, the due date is November 30.\u00a0The Central Board of Direct Taxes (CBDT) in an order issued Tuesday, said the Board has received representations that implementation of reporting requirements under clause 30C (pertaining to GAAR) and clause 44 (pertaining to GST compliance) of Form No 3CD may be deferred further. &#8220;The matter has been examined and it has been decided by the Board that the reporting under clause 30C and clause 44 of the Tax Audit Report shall be kept in abeyance till March 31, 2020.<\/li>\r\n<\/ul>\r\n<p><strong>\r\n\r\n<\/strong><\/p>\r\n<h3><span class=\"ez-toc-section\" id=\"RBI_Updates\"><\/span><strong><em>RBI Updates:<\/em><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\r\n\r\n\r\n\r\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/images.livemint.com\/rf\/Image-621x414\/LiveMint\/Period2\/2017\/05\/24\/Photos\/Processed\/RBI-k0jG--621x414@LiveMint.jpg\" alt=\"Related image\" \/><\/figure>\r\n\r\n\r\n\r\n<ul>\r\n<li>Inflation forecasts lie at the heart of any central bank\u2019s monetary policy decision-making. In India, the <a href=\"https:\/\/carajput.com\/rbi-consulting.php\">Reserve Bank of India (RBI)<\/a> adopted the flexible inflation target (FIT) framework in June 2016 and a predetermined 4% inflation rate which made inflation forecasts critical in helping it decide whether to cut or hike rates. In recent years though, RBI has overestimated the threat of inflation.<\/li>\r\n<li>The accuracy of RBI\u2019s inflation forecasts compares favorably with other central banks\u2019, according to an RBI study. However, a study conducted by Janak Raj and others of RBI argues that the forecasts have been largely unbiased, barring two major episodes of deviation driven by unexpected food price movements. In the study, the authors compare inflation forecast data with actual inflation.<\/li>\r\n<\/ul>\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>Oil imports from Iran down 57% y\/y in April: Trade<\/li>\r\n<li>US commerce secretary warns India against retaliatory tariffs<\/li>\r\n<li>Airtel to merge VSAT ops with Hughes India unit<\/li>\r\n<li>NCLT begins bankruptcy process for RCom<\/li>\r\n<li>Essar shareholder seeks ban on Mittal&#8217;s bid<\/li>\r\n<li>India IT &amp; biz market to reach $14.3 bn by 2020<\/li>\r\n<li>Wipro builds blockchain digital currency in Thailand<\/li>\r\n<li>Kerosene subsidy bill builds up 21% to Rs 5,800 cr in FY19; LPG jumps 49.4%<\/li>\r\n<li>Alembic Pharma forms JV to enter a difficult $100 bn Chinese market<\/li>\r\n<li>Zee stake sale at an advanced stage, progressing steadily.<\/li>\r\n<li>BSE Q4 net profit drops 16.46 pc to Rs 51.86\u00a0crore<\/li>\r\n<li>RBI\u2019s holding company model for banks will help contain NPAs, says Charan\u00a0Singh<\/li>\r\n<li>IMF chief Christine Lagarde says US-China tensions \u2018threat\u2019 to\u00a0world<\/li>\r\n<li>Rupee slips to 69.43 against US dollar<\/li>\r\n<li>Multifold increase in investments in B2B startups<\/li>\r\n<li>NBCC offers just Rs 20 crore to operational creditors.<\/li>\r\n<li>TRAI pulls up DTH, cable operators for not complying with new tariff<\/li>\r\n<li>DCM Shriram reports a nearly six-fold jump in Q4 net profit at Rs 293 cr<\/li>\r\n<li>Patanjali gets time till May 7 for filing a resolution plan<\/li>\r\n<li>Ambuja Cements&#8217; volumes, realization disappoint<\/li>\r\n<li>Netherlands got $12.8-b Indian FDI in 2017, 2nd biggest after Singapore<\/li>\r\n<li>Review safeguard duties on solar cell imports, Japan tells India.<\/li>\r\n<\/ul>\r\n\r\n\r\n\r\n<h4><span class=\"ez-toc-section\" id=\"Popular_blog\"><\/span><strong>Popular blog:-<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\r\n\r\n\r\n\r\n<h4><span class=\"ez-toc-section\" id=\"Legal_Compliance_Audit_service_in_India\"><\/span><a href=\"https:\/\/carajput.com\/learn\/legal-compliance-audit-in-india.html\"><strong>Legal Compliance Audit service in India<\/strong><\/a><span class=\"ez-toc-section-end\"><\/span><\/h4>\r\n<h4><span class=\"ez-toc-section\" id=\"Income_tax_Chart_2020_with_covering_latest_Covid_Relaxations_Alternative_Tax_Regime\"><\/span><a href=\"https:\/\/carajput.com\/archives\/latest-income-tax-chart-2020-duly-updated-containing-also-the-covid-relaxations-and-alternative-tax-regime.pdf\" data-cke-saved-href=\"https:\/\/carajput.com\/archives\/latest-income-tax-chart-2020-duly-updated-containing-also-the-covid-relaxations-and-alternative-tax-regime.pdf\"><strong>Income tax Chart 2020 with covering latest\u00a0<\/strong><\/a><strong><a href=\"https:\/\/carajput.com\/archives\/latest-income-tax-chart-2020-duly-updated-containing-also-the-covid-relaxations-and-alternative-tax-regime.pdf\" data-cke-saved-href=\"https:\/\/carajput.com\/archives\/latest-income-tax-chart-2020-duly-updated-containing-also-the-covid-relaxations-and-alternative-tax-regime.pdf\">Covid Relaxations &amp; Alternative Tax Regime\u00a0<\/a><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\r\n<h4><span class=\"ez-toc-section\" id=\"Tax_Audit_Check_List\"><\/span><strong><a href=\"https:\/\/carajput.com\/archives\/all-about-income-tax-audit-check-list-of-tax-audit.pdf\" data-cke-saved-href=\"https:\/\/carajput.com\/archives\/all-about-income-tax-audit-check-list-of-tax-audit.pdf\">Tax Audit Check List\u00a0<\/a><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\r\n<h4><strong>\r\n\r\n<\/strong><\/h4>\r\n<h4><span class=\"ez-toc-section\" id=\"i\"><\/span>\u00a0<span class=\"ez-toc-section-end\"><\/span><\/h4>\r\n\r\n\r\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; The income tax department Tuesday deferred for the second time the requirement for companies to include in their tax audit report the details of Goods and Services Tax and GAAR. The reporting requirement of these details in the income tax audit form has been kept in abeyance till March 31, 2020 &#8212; meaning that &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":[7971,7970,7972,7969,7973],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/5799"}],"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=5799"}],"version-history":[{"count":5,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/5799\/revisions"}],"predecessor-version":[{"id":21863,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/5799\/revisions\/21863"}],"wp:attachment":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/media?parent=5799"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/categories?post=5799"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/tags?post=5799"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}