CBDT notifies Rule for determining Fair Value for inventory

CBDT vide Notification No. 42/2018 Notifies Income Tax Rule 11UAB Determination of fair market value for inventory and amended Rule 11U related to Meaning of expressions used in determination of fair market value. S.O. 4213(E).—In exercise of the powers conferred by clause (via) of section 28 read with section 295 of the Income-tax Act, 1961 (43 […]

Further extension for filing ITR to 31 October 2018

CBDT announces another extension of due date for filing Income Tax Return and Audit Reports for Assessment Year 2018-19 Central Board of Direct Taxes (CBDT) has issued an Order u/s 119 of Income-tax Act, 1961, dated 8th October, 2018 and extends the due date for filing Income Tax Return as well as various reports of audit pertaining to Assessment […]

SEBI raises Standards for RTA

SEBI, in a measure to strengthen and raise Industry standards for RTA, Issuer Companies and Banker to an Issue has issued guidelines  [Vide Circular SEBI/HO/MIRSD/DOP1/CIR/P/2018/ dated 20th April 2018] which broadly cover: i. Provisions with respect to Payment of Dividend/interest/redemption/ redemption ii. Provisions with respect to Transfer/ Transmission/ Correction of errors etc. iii.Compulsory internal audit of […]

MCA extends annual filing timeline for Companies in Kerala

Ministry of Corporate Affairs extends timeline for companies having registered office in the State of Kerala to file its Annual Return in e-Form MGT-7 and Financial Statements in eForm AOC-4 without levy of any additional Fees till 31 December 2018 vide General Circular 09/2018 (F.No. 0U34l2013 CL-V).