Daily Archive: Tuesday, December 6, 2016

IEPF challans to be generated-filed online only. Offline challans not generated on MCA-21 Portal discontinued from 15-12-2016.

Author: | Categories: Companies Act No comments
IEPF challans to be generated-filed online only. Offline challans not generated on MCA-21 Portal discontinued from 15-12-2016. General Circular No. 13/2016 No. 05/05/2016-IEPF Government of India Ministry of Corporate Affairs 5th Floor, “A” Wing, Shastri Bhawan, Dr. R. P. Road New Delhi-110001 Dated: 05.12.2016 To All Stakeholders, Nodal Officer’s

 

Customer due diligence for re-activation of dormant bank accounts. Ensuring genuineness of transaction, signature verification and identity-RBI

Author: | Categories: RBI No comments
Customer due diligence for re-activation of dormant bank accounts. Ensuring genuineness of transaction, verification of signature and identity – RBI Reserve Bank of India Requirement of customer due diligence and need for maintenance of records RBI/2016-17/173 DBR.AML.BC.No.44/14.01.001/2016-17 December 06, 2016 All Regulated Entities (REs) Dear Sir/Madam, Requirement of customer

 

Banks to install additional one million new PoS Terminals by 31st March 2017 to facilitate cashless transactions

Banks to install additional one million new PoS Terminals by 31st March 2017 to facilitate cashless transactions Ministry of Finance Dated: 6th December, 2016 Press Release In order to facilitate the move towards cashless transactions, the Government has directed the banks to install an additional one million new PoS

 

Serious irregularities found Post De-monetization referred to CBI-ED by CBDT to examine the criminal conduct for immediate necessary action

Author: | Categories: Income Tax No comments
Serious irregularities found Post De-monetization referred to CBI-ED by CBDT to examine the criminal conduct for immediate necessary action   Ministry of Finance 6th December, 2016 Press Release Income Tax (IT) Department carries-out swift investigations in more than 400 cases since the de-monetization of old High Denomination (OHD) currency

 

No concealment penalty-non disclosure of disallowance 40(a)(ia) in computation of income as the issue is debatable due to HC decisions

Author: | Categories: Income Tax, ITAT, Judgments No comments
No concealment penalty-non disclosure of disallowance 40(a)(ia) in computation of income as the issue is debatable due to High Court decisions ABCAUS Case Law Citation: ABCAUS 1076 (2016) (12) ITAT Assessment Year: 2008-09 Date of Judgment: 01-12-2016 Brief Facts of the Case: During the scrutiny proceedings of the assessee,

 

Organizing tax payer educational workshops in FY 2017-18 regarding online e-filing, TDS credit mismatch, rectification, grievances redressal etc.

Author: | Categories: Income Tax No comments
Organizing tax payer educational workshops in FY 2017-18 regarding online e-filing, TDS credit mismatch, rectification, grievances  redressal etc. by Income Tax Department. Addl. DIRECTOR GENERAL OF INCOME TAX (Tax Payer Services)-II, Ministry of Finance, Govt. of India E-2, ARA Centre, Jhadewalan Ext.,New Delhi-110055 Phone  No.  011-23519117,  Fax No.  011-23593268 F.No.

 

BRICS Heads of Revenue and expert meeting on Tax Matters Mumbai. Communiqué of Meeting Issued on 06-12-2016

Author: | Categories: Income Tax, Press Release No comments
BRICS Heads of Revenue and expert meeting on Tax Matters Mumbai. Communiqué of Meeting Issued on 06-12-2016 Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 06 December, 2016 PRESS RELEASE Sub : Meeting of the BRICS Heads of Revenue and Experts