Daily Archive: Friday, March 3, 2017

Issue of notice us 133(6) for cash deposits verification under Operation Clean Money. CBDT issues Instruction No. 4/2017

Author: | Categories: Income Tax No comments
Issue of notice us 133(6) for cash deposits verification  under Operation Clean Money. CBDT issues Instructions for procedure to be followed Instruction No. 4/2017 Government of India Ministry of Finance Department of Revenue Central Board of Direct taxes North Block, New Delhi dated the 3rd of March, 2017 Subject:

 

Section 43B applicable to both employee and employer contributions. No disallowance u/s 36(1)(va) if paid before ITR due date. Allahabad HC

Author: | Categories: High Courts, Income Tax, Judgments No comments
Section 43B applicable to both employee and employer contributions. No disallowance can be made u/s 36(1)(va) if paid before ITR due date. Allahabad High Court CBDT in view of the decision of the Hon’ble Supreme Court in Alom Extrusions Ltd. has vide circular no. 22 of 2015 dated 17/12/2015 clarified

 

ICAI-Penalty u/s 271J on chartered accountants be withdrawn. ICAI advocates withdrawal of penalty in its Post-Budget Memorandum

Author: | Categories: ICAI No comments
ICAI-Penalty u/s 271J on chartered accountants be withdrawn. ICAI advocates withdrawal of penalty in its Post-Budget Memorandum submitted to the Government ICAI in its Post-Budget Memorandum-2017 has advocated that the proposed Section 271J- Penalty imposable on chartered accountant for furnishing incorrect information in reports or certificates may be removed. The relevant