Daily Archive: Saturday, May 7, 2016

Penalty u/s 271(1)(c) merely because quantum was decided against assessee by ITAT. The assessment and penalty proceedings are independent

Author: | Categories: Income Tax, ITAT, Judgments No comments
Penalty u/s 271(1)(c) not imposable merely because quantum was decided against assessee by ITAT. The assessment proceedings and penalty proceedings are independent proceedings. ITAT Amritsar, in a recent judgment, upheld the deletion of the peanlty when additions were made on estimation basis. Case Law Details : I.T.A No.148 (Asr)/2014 Assessment Year: 2004-05

Research Internship Scheme of RBI-Essential Qualifications, Experience, Mode of Applications, Selection Process, Duration and Stipend payable.

Author: | Categories: RBI No comments
Research Internship Scheme of RBI-Essential Qualifications, Experience, Mode of Applications, Selection Process, Duration and Stipend payable. Objectives: The Reserve Bank of India has introduced a Research Internship Scheme to provide an opportunity to young individuals to expose themselves to cutting edge research in central banking. The scheme is aimed

Certificate for receipt of interest etc u/s 195 without TDS. Persons subjected to concealment penalty can also apply-CBDT Notification 31/2016

Author: | Categories: Income Tax No comments
Certificate for receipt of interest etc u/s 195 without TDS. Persons subjected to concealment penalty can also apply-CBDT Notification 31/2016 As per section 195(3) any person entitled to receive interest / other sums on which TDS is required to be deducted may apply to Assessing Officer in Form 15C/15D

Procedure for Submission of Form 15CC for remittances u/s 195(6) to foreign company or non resident under Income Tax Rule 37BB. ITDREIN Generation

Author: | Categories: Income Tax No comments
F. DGIT(S)/ADG(S)-2/TDS e-filing Notification/110/2016 Government of India Ministry of Finance Central Board of Direct Taxes Directorate of Income Tax (Systems) Notification No 8/2016 New Delhi, 4 May, 2016 Procedure for submission of Form 15CC by an authorised dealer in respect of remittances under sub-sect ion (6) of section 195
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