Daily Archive: Wednesday, January 18, 2017

Transaction Codes for Preparation of SFT us 285BA Rule 114E. Code SFT-001 to SFT-014

Author: | Categories: Income Tax No comments
Transaction Codes for Preparation of SFT us 285BA Rule 114E. Code SFT-001 to SFT-014 Transaction Specific Guidelines for Preparation of Statement of Financial Transactions (SFT) Transaction specific guidelines for preparation of Statement of Financial Transactions (SFT) are given in following paragraphs. SFT- 001: Purchase of bank drafts or pay

 

Guidelines-Preparation of SFT us 285BA Rule 114E. Statement of financial transaction Form No. 61A-CBDT Notification 1/2017

Author: | Categories: Income Tax 1 Comment
Guidelines-Preparation of SFT us 285BA Rule 114E. Statement of financial transaction Form No. 61A-CBDT Notification 1/2017 General Guidelines for Preparation of Statement of Financial Transactions (SFT) Section 285BA of the Income Tax requires specified reporting persons to furnish statement of financial transaction. Rule 114E of the Income Tax Rules,

 

Updated List-Transactions to be reported under Rule 114E and their nature and value

Author: | Categories: Income Tax No comments
Updated List-Transactions to be reported under Rule 114E. Updated List-Transactions to be reported under Rule 114E. Nature and value of transactions to be reported under Rule 114E. CBDT Notification 1/2017 Sl. No. Nature and value of transaction Class of person (reporting person) (1) (2) (3) 1. (a)  Payment made in

 

Procedure-registration and submission of SFT u/s 285BA Rule 114E-CBDT Notification 1 of 2017

Author: | Categories: Income Tax No comments
Procedure-registration and submission of SFT us 285BA Rule 114E DGIT(S)-ADG(S)-2/e-filing notification/106/2016 Government of India Ministry of Finance Central Board of Direct Taxes Directorate of Income Tax (Systems) Notification No. 1 of 2017 New Delhi, 17th January, 2017 Procedure for registration and submission of statement of financial transactions (SFT) as

 

Career Opportunities at ReBIT. Reserve Bank Information Technology Pvt Ltd. has been set up by the RBI to cater IT requirements, including cyber security

Author: | Categories: RBI No comments
Career Opportunities at  ReBIT. Reserve Bank Information Technology Pvt Ltd. has been set up by the RBI to cater IT requirements, including cyber security.   Reserve Bank of India Date: 18-01-2017 Career Opportunities at Reserve Bank Information Technology Pvt Ltd Reserve Bank Information Technology Private Limited (ReBIT), a wholly-owned

 

Repealing Obsolete and Redundant Laws-Press Release

Author: | Categories: Government No comments
Repealing Obsolete and Redundant Laws. Law Commission of India and Legislative Department had identified 1824 redundant/obsolete Central Acts for repealing Press Release 18-January, 2017 Cabinet approves the repealing of the obsolete and redundant laws The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval

 

TDS not applicable on provisions if payee not identifiable to whose account the credit for such TDS is to be given – ITAT

Author: | Categories: Income Tax, ITAT, Judgments 1 Comment
TDS not applicable on provisions if payee not identifiable to whose account the credit for such TDS is to be given u/s  203(1) under Chapter XVII-B – ITAT ABCAUS Case Law Citation: ABCAUS 1104 (2017) (01) ITAT Assessment Year : 2010-11 ; 2011-12 Important Case Laws relied upon: Dishnet