Daily Archive: Friday, February 10, 2017

Harsh punitive actions against shell companies to prevent misuse for money laundering and tax-evasion

Author: | Categories: Finance Ministry No comments
Harsh punitive actions against shell companies to prevent misuse for money laundering and tax-evasion for unearthing black money post demonetization Ministry of Finance Press Release Dated: 10-02-2017 Harsh punitive actions to be taken against the deviant Shell Companies including freezing of Bank Accounts, striking off the names of dormant

CPC intimation us 143(1) applying MMR on AOP trust invalid as jurisdiction limited for disallowing only prima facie inadmissible deductions

Author: | Categories: Income Tax, ITAT, Judgments No comments
CPC intimation us 143(1) applying MMR on AOP trust invalid as jurisdiction limited for disallowing only prima facie inadmissible deductions, allowances – ITAT ABCAUS Case Law Citation: ABCAUS 1122 (2017) (02) ITAT Assessment Year : 2013-14 Date/Month of Pronouncement: February, 2017 Important Case Laws Cited/relied upon: J.K.S. Employees Welfare

ICAI Condonation-additional study course with articleship. Non submission of Form 112 amnesty measure on payment of Rs. 5,000/- fee.

Author: | Categories: ICAI 1 Comment
ICAI Condonation-additional study course with articleship. Non submission of Form 112  amnesty measure on payment of Rs. 5,000/- as condonation fee.  ICAI ANNOUNCEMENT Condonation of Breach of Regulation 65 & 78 – Non submission of Form 112 The Council of the Institute has decided to condone the delay in submission

Updated FAQs on cash withdrawal-exchange of Bank Notes by RBI dated 09-02-2017

Author: | Categories: RBI No comments
Updated FAQs on cash withdrawal-exchange of Bank Notes by RBI dated 09-02-2017. Effective March 13, 2017, there will be no limits on cash withdrawals from Savings Bank accounts. Withdrawal of Legal Tender Character of the old Bank Notes in the denominations of ₹ 500/- and ₹ 1000/- and The Specified

Paperless Assessment proceedings-E-mail based communication. Review of performance. Revised format for reporting disposal of such assessments

Author: | Categories: Income Tax No comments
Paperless Assessment proceedings-E-mail based communication. Review of performance. Revised format for reporting disposal of such assessments F.No. 225/267/2015 ITA-II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North Block, New Delhi, the 10th February, 2017 To Pr Chief Commissioners of Income-tax Ahmedabad ,

Honest tax­-payers will be treated with dignity and courtesy. Greater accountability and probity in actions taken by Income Tax Officers-CBDT

Author: | Categories: CBDT, Income Tax No comments
Honest tax­-payers will be treated with dignity and  courtesy. Greater accountability and probity in actions taken  by  Income Tax Officers-CBDT  GOVERNMENT OF INDIA Ministry of Finance/Department of Revenue Central Board of Direct Taxes North Block, New Delhi-110001 E-mail : chairmancbdt@nic .in Tele: 23092648 & Telefax :23092544 SUSHIL CHANDRA Chairman,

Framing Quality assessments in Income Tax. CBDT to monitor quality of assessments more closely. 10 cases to be reported from each range

Author: | Categories: Income Tax No comments
Framing Quality assessments in Income Tax. CBDT to monitor quality of assessments more closely. 10 cases to be reported from each range F.No. 225/92/2017/ITA.II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North Block, New Delhi, the 10th of February, 2017 To All
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