Month: January 2017

Transport Allowance to deaf-dumb employees at double rates. Central Government employee to get double allowance from 19-02-2014-Finmin

Transport Allowance to deaf-dumb employees at double rates. Central Government employee to get double allowance from 19-02-2014-Finmin No. 20/2/2016-E-II(B) Government of India Ministry of Finance Department of Expenditure *** North Block, New Delhi. Dated: 17.01.2017 OFFICE MEMORANDUM Subject:–  Grant of Transport Allowance at double the normal rates to …

Deduction us 54-Old fund used for construction of new house. It is not mandatory that sale consideration new house should be used for construction-ITAT

Deduction us 54-Old fund used for construction of new house. It is not mandatory that only the sale consideration of house sold is to be utilized for purchasing or constructing a new residential house-ITAT ABCAUS Case Law Citation: ABCAUS 1106 (2017) (01) ITAT Assessment Year : 2009-10  Important Case …

Import of POS terminal devices cells-batteries and labelling requirements. Custom exemptions from regulatory requirements.

Import of POS terminal devices cells-batteries and labelling requirements. Custom exemptions from regulatory requirements. Circular No. 03/2017-Customs F.No.528/121/2016-STO(TU) Government of India Ministry of Finance Department of Revenue Central Board of Excise & Customs 227B, North Block New Delhi, the 16th January, 2017 To, All Principal Chief Commissioners/ Chief …

Showing trade discounts in tax Invoice not compulsory. Credit notes eligible under Rule 3(2)(c) of Karnataka Value Added Tax Rules 2005-SC

Showing trade discounts in tax Invoice not compulsory. Credit notes eligible under Rule 3(2)(c) of the Karnataka Value Added Tax Rules 2005-Supreme Court ABCAUS Case Law Citation: ABCAUS 1105 (2017) (01) SC Important Case Laws Cited: State of Karnataka vs. M/s Kitchen Appliances India Ltd. M/s Southern Motors …

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

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 …