Daily Archive: Sunday, December 11, 2016

Bank to mention old-new currency deposits in counterfoils and educate customers to fill-up cash deposit slips accordingly

Author: | Categories: Finance Ministry No comments
Bank to mention old-new currency deposits in counterfoils and educate customers to fill-up cash deposit slips showing old or new currency with denomination – Finance Ministry The Ministry of Finance through a letter to all the MDs &CEOs/CMDs of PSBs and Chairman, IBA directs that all the bank branches in

 

Peak Credit theory additions apply for unexplained cash deposits or where assessee fails to give satisfactory explanation u/s 68 69-ITAT

Author: | Categories: Income Tax, ITAT, Judgments No comments
Peak Credit theory additions apply for unexplained cash deposits or where assessee fails to give satisfactory explanation and amount is sought to be added u/s 68 69-ITAT ABCAUS Case Law Citation: ABCAUS 1081 (2016) (12) ITAT Important Case Laws cited: CIT vs. K. Chinnatharmban (292 ITR 682)(SC) Manoj Aggarwal

 

ICAI KYC Norms mandatory for practicing CAs for all assignments pertaining to attest functions w.e.f 01-01-2017

Author: | Categories: ICAI 1 Comment
ICAI KYC Norms mandatory for practicing CAs for all assignments pertaining to attest functions of all type of clients w.e.f 01-01-2017 ICAI ANNOUNCEMENT OF KYC NORMS All the members of Institute of Chartered Accountants of India (ICAI), who are in practice, are hereby informed that the Council has formulated