AKGVG Weekly Insight

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Greetings for the day!!!

We are pleased to share AKGVG's Weekly Insight, dated 03 June 2019 which include:

Date: 03.06.2019
S.no Description Relevant links
Section I: Income Tax
1. CBDT defered the reporting under clause 30C and clause 44 of the Tax Audit Report till 31.03.2020. Circular no. 9/2019
dt 14.05.2019
2. CBDT notifies that declaration in Form 15H will cover Section 87A Rebate also. Notification no. 41/2019
dt 22.05.2019
3. Provisions of agreement between the Government of the Republic of India and Marshall Islands given effect in India. Notification no. 40/2019
dt 21.05.2019
Section II: MCA
4. CG makes Investor Education and Protection Fund Authority Amendment Rules 2019 to amend Investor Education and Protection fund Authority Amendment Rules 2016 which shall come into force on the date of publication in the official gazette. Notification on IEPF Amendment Rules
dt 01.05.2019
Section III: RBI
5. RBI published “Payment and Settlement Systems in India: Vision 2019 – 2021” that aims at empowering every Indian with access to a bouquet of e-payment options that is safe, secure, convenient, quick and affordable. Press Release
dt 15.05.2019
6. RBI constitutes a Committee on Currency Movement to review the entire gamut of security of the treasure in transit. Notification dt 14.05.2019
7. RBI notified that the NBFCs with asset size of more than Rs. 50 billion shall appoint a CRO with clearly specified role and responsibilities. Notification dt 16.05.2019
8. RBI to issue new series of ₹10 denomination banknotes bearing the signature of Shri Shaktikanta Das, old notes will continue to be legal tender. Press Release dt 20.05.2019
We trust you will find this Journal informative as well as useful.
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Disclaimer: The entire contents of this Journal have been prepared on the basis of relevant provisions and information existing at the time of preparation. The observations of the author are personal view and the author does not take any responsibility of the same and this cannot be quoted without the written consent of the author.

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Knowledge Updates Team
AKGVG & Associates
(Chartered Accountants)

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