Month: August 2016

CA not guilty of misconduct when acting in individual capacity and the dealings were purely commercial not discharging any function as Chartered Accountant

CA not guilty of misconduct when acting in individual capacity and the dealings were purely commercial not discharging any function as Chartered Accountant – High Court ABCAUS Case Law Citation: ABCAUS 994 2016 (08) HC Brief Facts of the Case: The complainant ahd purchased 100 shares of Aban Lyod …

Consultant-Visiting Doctors TDS. Salary u/s 192 or professional fee u/s 194J? Contract for service or a contract of service? – ITAT

Consultant-Visiting Doctors TDS. Salary u/s 192 or professional fee u/s 194J. Remuneration of consultant doctors was salary liable to TDS u/s 192 while that of visiting doctors as professinal fee liable to TDS u/s 194J – ITAT   ABCAUS Case Law Citation: 993 2016 (08) ITAT Assessment years: 2011-12, 2012-13 …

Approval of Eligible Projects-Schemes us 35AC. modification-extension

Approval of Eligible Projects-Schemes us 35AC. Requests received after 31-12-2016 for grant-modification-extension beyond 31032017 not to be considered.   Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxes PRESS RELEASE New Delhi, 19th August, 2016. Sub: Approval of Eligible Projects or Schemes under section 35AC of …

Income-tax e-nivaran form for online grievances lodging/disposal. Step by Step Procedures. Categories/Sub-Categories of grievances that can be lodged

Income-tax e-nivaran form for online grievances lodging -Step by Step Procedures Income Tax Department has launched income-tax e-nivaran form for online lodging and disposal of grievances related to Assessing Officers, CPC-TDS/ITR, e-filing website team, NSDL, SBI refund Banker and Directorate of Systems. Matters not covered under e-Nivaran List …

5th Set of FAQ-The Income Declaration Scheme 2016. CBDT has issued further clarification and FAQ vide circular no. 29 of 2016 dated 18-08-2016

5th Set of FAQ-The Income Declaration Scheme 2016 Circular No.29 of 2016 F.No.142/8/2016-TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes (TPL Division) Dated 18th day of August, 2016 Clarifications-5th Set of FAQ on the Income Declaration Scheme 2016 The Income Declaration …

IDS 2016-Fair market value of immovable property evidenced by a registered deed to be adjusted by Cost Inflation Index. CBDT Notification 74/2016

IDS 2016-Fair market value of immovable property evidenced by a registered deed to be adjusted by Cost Inflation Index.  GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF DIRECT TAXES New Delhi, the 17th August, 2016 Notification No. 74/2016 S.O._______- In exercise of the powers …

IOB concurrent audit online empanelment application for 460 branches. Last date to apply 22-08-2016. Only online applications accepted

IOB concurrent audit online empanelment application Fee Structure: Rs. 12000/- to Rs. 30000/- Portal Opening Date: 12-08-2016   Portal Closing Date: 22-08-2016 Category-I Applications may be submitted from 18-08-2016  Indian Overseas Bank has invited application for empanelment of Concurrent Auditors for its 460 Branches across the Country. The concurrent audit assignment shall be for …