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Enforcement Directorate arrests CA in money laundering case, suspects political links
The Enforcement Directorate (ED) has arrested a chartered accountant (CA) in connection with its probe into a Rs 8,000 crore money laundering racket involving two Delhi-based brothers. The CA, Rajesh Agarwal, has been arrested under provisions of the Preven...

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Service Tax Exemptions to be continued in GST as decided by GST Council
Service Tax Exemptions to be continued in GST as decided by GST Council

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SERVICES UNDER REVERSE CHARGE AS APPROVED BY GST COUNCIL
The fitment of rates of services were discussed on 19 May 2017 during the 14th GST Council meeting held at Srinagar, Jammu & Kashmir. The Council has broadly approved the GST rates for services at Nil, 5%, 12%, 18% and 28%. The list of services that will be...

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SCHEDULE OF GST RATES FOR SERVICES AS APPROVED BY GST COUNCIL
The fitment of rates of services were discussed on 19 May 2017 during the 14th GST Council meeting held at Srinagar, Jammu & Kashmir. The Council has broadly approved the GST rates for services at Nil, 5%, 12%, 18% and 28% as listed below. The information i...

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Advertising by members in practice engaged in Coaching/Teaching activities
ANNOUNCEMENT  Regulation 190A of the Chartered Accountants Regulations, 1988 provides
that a chartered accountant in practice shall not engage in any business or
occupation other than the profession of accountancy, except with the permission
granted in acco...

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GST services tax rates: Hotels to be charged 12-18%; casinos, cinemas at 28%
India moved towards a multi-tiered service tax structure with the Finance Minister Arun Jaitley-headed GST Council deciding on Friday to place services under four slabs—5, 12, 18 and 28 percent— compared to the current uniform 15 percent levy on all eligibl...

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Bitcoin sale profit is taxable capital gains for investor?
India is not isolated from the rising popularity of bitcoins, which got a boost post-demonetisation. According to industry sources, nearly 300-plus enthusiasts of the cryptocurrency trade daily on Indian bitcoin exchange platforms. Most of these platforms b...

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What is bitcoin? A look at the digital currency
It's worth more than an ounce of gold right now, it's completely digital and it's the currency of choice for the cyber attackers who crippled computer networks around the world in recent days. When the attackers' "ransomware'' sprang into action, it held vi...

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Income Tax Department launches Operation Clean Money Portal
Government of India  Ministry of Finance  Department of Revenue  Central Board of Direct Taxes  New Delhi, 16th May, 2017.  PRESS RELEASE  Income Tax Department launches Operation Clean Money (स्वच्छ धन अभियान) Portal  The Honourable Union Minister of Finan...

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HC slams AO for completing reassessment on ground other than one on which notice of reassessment was issued
Where reassessment notice was issued to tax gain/loss on sale of investments made in mutual funds whereas reassessment order was passed on a completely different ground to tax forfeited share application money, reassessment order was unjustified Where Asses...
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