News Updates by CA Raj Chawla (02-01-2019)

We wish you and your family a Very Happy New Year, May Lord Bless all of us with Peace of Mind and Satisfaction of Life.

An eye with dust and a heart with trust will always cry. The biggest suspense of life is that we don’t know who is Praying for us and Who is PLAYING with us.

Never cry for someone who hurts you, just smile and say: thanks for giving me a chance to find someone better than you.

CBDT notifies DTAA between India-Hong Kong For Avoidance Of Double Taxation And Prevention Of Fiscal Evasion With Respect To Taxes On Income vide Notification No. 89/2018 dated 21st December, 2018.

GST; No profiteering if base price of product not changed after Tax Reduction. Kerala State Screening Committee on Anti-profiteering Vs M/s. Asian Granito India Ltd. (National Anti-Profiteering Authority)

RBI have recorded the decision that the central bank will not touch the ‘unrealised gains’ in its balance sheet for dividend distribution to its sole shareholder, the government. “Unrealised gain is valuation gain in currency and gold. To tap this, it has to be realised or converted in the market.

ICAI defers UDIN implementation to 1st Feb., 2019To enable TCS do the huge data migration and data audit which will require around 30 days before the UDIN Platform becomes mandatory, as against the earlier announced date of 1st Jan., 2019.

Regards
CA Raj Chawla