Daily Archive: Tuesday, April 5, 2016

Granting exemption not claimed in return of income-Reservation of Supreme Court in Goetze India Ltd case is applicable to AO not to appellate authority

Author: | Categories: Income Tax, ITAT, Judgments No comments
In a recent judgment, ITAT Jaipur while allowing assessee’s claim of exemption u/s 11 held that the Supreme Court decision in Goetze India Ltd. vs. CIT  that assessee was not entitled to claim exemption which was not made in the return was applicable to AO and not to the appellate authority. Case Details:

 

ICAI-Expert panel online support for Bank Branch Audit related queries FY 2015-16 till 15/04/2016

Author: | Categories: ICAI No comments
AASB of ICAI has constituted Expert panel for providing online support by addressing Bank Branch Audit related queries for FY 2015-16. The facility is available till 15/04/2016 only. The announcement of ICAI in this regard is as under: AUDITING & ASSURANCE STANDARDS BOARD CONSTITUTES EXPERT PANEL FOR ADDRESSING BANK BRANCH

 

ICAI guidelines-Chartered accountants responding to tenders for exclusive CA practice areas shall be liable for disciplinary action

Author: | Categories: ICAI No comments
ICAI has issued the following guidelines whereby any chartered accountant member responding to an exclusive areas of practice (like audit and attestation) shall be liable for disciplinary action. Council Affairs 4th April, 2016 ANNOUNCEMENT – RESPONDING TO TENDERS The matter pertaining to responding to tenders issued by various users of professional services

 

Excel Auto Form 15G 15H with database as revised and simplified

Author: | Categories: Income Tax, Taxation 7 Comments
Excel Auto Form 15G 15H with database as revised and simplified  Form 15G is a declaration under sub section (1) and (1A) of section 197A of the Income Tax Act, 1961 which can be given by an individual or a person (other than company or firm) to the person

 

Excel Auto Income Tax Form 15H Senior Citizen with Database Revised as per Notification 76/2015

Author: | Categories: Income Tax, Taxation No comments
Excel Auto Income Tax Form 15H Senior Citizen and 15G with Database Revised as per Notification 76/2015 Form 15H is a declaration under sub section (1C) of section 197A of the Income Tax Act, 1961 which can be given by a senior citizen an individual who is of the