Daily Archive: Monday, April 4, 2016

Empanelment of CA firm for concurrent audit of Andhra Bank-Last date to apply is 10/04/2016

Author: | Categories: CA CS CMA No comments
Empanelment of Chartered Accountant firm for concurrent audit assignment of Andhra Bank for 237 branches all over India-Last date to apply is 10/04/2016 Terms and conditions 1  Andhra bank invites applications from practicing Firms of Chartered Accountants, who are willing to have their Firm empanelled as Concurrent auditor of

India Rankings 2016-India’s First Ever Rankings of Indian Institutions-Top 10 Indian Institutes

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MHRD Press Release-India Rankings 2016 Union HRD Minister Smt Smriti Zubin Irani Releases ‘India Rankings 2016’: India’s First Ever Rankings of Indian Institutions The Union Minister of Human Resource Development, Smt. Smriti Zubin Irani, released the India Rankings 2016 and dedicated India’s first ranking to the nation in New

Panama Papers-Secret Firms of Famous Indian Personalities in Tax Heavens-Finance Ministry Press Release

Author: | Categories: Black Money No comments
Soon after the Indian Express spread the news (“Panama Papers”) on the names of few famous Indian personalities like film stars, business men, singers, lawyers etc. in global list of secret firms in tax heavens. The finance Ministry acted quickly to clarify  its stand and has issued a press release. As per the

Release of electronic ITR-1 ITR-4S and Form-15CA 15CB 15CC for AY 2016-17

Author: | Categories: Income Tax No comments
Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS RELEASE New Delhi, 4th April, 2016 Sub: Release of E-filing of Income Tax Returns (ITR) and other forms –reg In pursuance of the Notification of the Income Tax Returns (ITR) for AY 2016-17 on

To establish the fact that the assessee cultivated the land the Adangal extract is a must

Author: | Categories: Income Tax, ITAT, Judgments No comments
In a recent judgment, ITAT Chennai has stated that  to establish the fact that the assessee cultivated the land and eared agricultural income, the Adangal extract from the Village Administrative Officer is a must. Case Details: ITA No.12/Mds/2015  Assessment year : 2009-10 M. Murugaiah vs.  Income Tax Officer Date of Order: 01/04/2016

Credit of self assessment tax paid can not be denied for charging interest under section 234A

Author: | Categories: Income Tax, ITAT, Judgments No comments
In a recent order, ITAT Ahmedabad has held that the credit of self assessment tax paid which has the same effect as advance tax, and tax deducted or collected at source, can not be denied for the purpose of charging interest upon the assessee under section 234A. Case Details: ITA.No.2476/Ahd/2015; Asstt.

CBDT-Record setting year for taxpayer services, issue of refunds FY 2015-16

Author: | Categories: Income Tax No comments
Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS RELEASE New Delhi, 4 th April, 2016 Sub: Record setting year for taxpayer services, issue of refunds by CBDT -reg The Central Board Direct Taxes achieved significant success in delivery of taxpayer services in
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