The CBDT has issued an important directive dated 19th November 2018 0n the issue of treatment of service charge taken from customers by the hotels/restaurants under the Income-tax Act, 1961

The CBDT has issued an office order no. 193 of 2018 dated 15th November 2018 by which it has ordered officers in the grade of Pr. CCIT and CCIT to hold the charge(s) indicated against their names, in addition to their substantive charge/ additional charge(s), if any, being held by them, with immediate effect and until further orders

The Companies Amendment (Ordinance), 2018 was promulgated on 2nd November 2018. It makes important amendments to the Companies Act 2013 with the twin objectives of promotion of Ease of Doing Business along with better corporate compliance

The CBDT has issued an office order no. 181 of 2018 dated 25th October 2018 in which it is stated that the President has extended the ad hoc appointments of several IRS officers to the grade of Joint Commissioner of Income-tax from 01.04.2018 to 31.03.2019 or upto the date of regular appointment, whichever is earlier

The All India Federation of Tax Practitioners (AIFTP) has released a publication titled “Handbook on FEMA – Taxation – Frequently Asked Questions”. This is a unique publication compiled in a question-answer format explaining the provisions, laws, conventions etc. An aggregate of 293 questions are answered by giving references to relevant case laws on the respective subject

The CBDT has vide Office Order Nos. 166 of 2018 and 169 of 2018, dated 9th October 2018, ordered the transfers and postings of several officers in the grade of Commissioner of Income-tax.

The CBDT has vide Office Order No. 168 of 2018 dated 9th October 2018 stated that the President has extended the ad-hoc appointments of several Assistant Commissioners of Income-tax

The CBDT has issued a Notification dated 26th September 2018 by which several Assistant Commissioners of Income-tax have been appointed to officiate as Deputy Commissioners of Income-tax in the pay scale of Rs. 15,600-39,000 (plus grade pay of Rs. 6,500)

After Narendra Modi and Piyush Goyal, the High Court has come down heavily on the CAs for conducting their practice in an allegedly corrupt manner. It has signaled zero-tolerance policy towards the alleged unethical practice of CAs of certifying bogus accounts with a view to mislead bankers and revenue authorities

The CBDT has vide Office Order No. 151 of 2008 dated 14.09.2018 ordered the transfer and posting of several officers in the grade of Principal Commissioners of Income-tax with immediate effect and until further orders