Daily Archive: Friday, March 10, 2017

Interest expenditure Disallowance u/s 36(1)(iii)-Allahabad High Court says business expediency not a must, earlier Division Bench decision was not a good law

Author: | Categories: High Courts, Income Tax, Judgments No comments
Interest expenditure Disallowance u/s 36(1)(iii) for interest free loan-Allahabad High Court says business expediency not a must, earlier Division Bench decision was not a good law, pronounced in ignorance. ABCAUS Case Law Citation: ABCAUS 1166 (2017) (03) HC The Grievance: The appellant assessee was aggrieved by part of the Tribunal’s

Empanelment to act as observers at ICAI exam May-June 2017. Last date to respond 31st March 2017

Author: | Categories: Empanelment, ICAI 1 Comment
Empanelment to act as observers at ICAI exam May-June 2017. Eligibility criteria, Honorarium and Duties. Last date to respond 31st March 2017 13-CA (Exams)/Observer Empanel /May -June 2017                                          

CSR-Show cause notices issued to 1018 companies for 2014-15 for violation of the Companies Act 2013.

Author: | Categories: Companies Act No comments
CSR-Show cause notices issued to 1018 companies for 2014-15 for violation of Section 135,134(3) (o) of the Companies Act 2013 Ministry of Corporate Affairs PIB Press Release dated 10-March, 2017 CSR by companies Show cause notices have been issued to 1018 companies for 2014-15 for violation of Section 135 read

Exchange of old currency notes grace period after 30-12-2017

Author: | Categories: Finance Ministry No comments
Exchange of old currency notes grace period after 30-12-2017 Submission of old currency notes of Rs. 500 and Rs. 1000; The grace period for Indian citizen residing in India is March 31, 2017 and for Indian citizen resident outside is June 30, 2017 The Specified Bank Notes (Cessation of

Persons whose tax profiles not match with cash deposits made in bank during the demonetization period identified-Operation Clean Money

Author: | Categories: Income Tax No comments
Persons whose tax profiles not match with cash deposits made in bank during the demonetization period identified-Operation Clean Money  Ministry of Finance PIB Press Release dated 10/03/2017 Operation Clean Money; Income Tax Department identifies 17.92 Lakh persons whose tax profiles were not in line with the cash deposits made

Roll out of GST from 1st July 2017; Draft CGST Law and Draft IGST Law approved in the 11th Council Meeting held on 4 March 2017

Author: | Categories: GST No comments
Roll out of GST-1st July 2017; Draft CGST Law and Draft IGST Law approved in the 11th Council Meeting held on 4 March 2017 Ministry of Finance PIB Press Release dated 10-March, 2017 The GST Council in its 9th Meeting held on 16 January 2017 took note of the

Steps taken by Government to curb generation of black money

Author: | Categories: Finance Ministry No comments
Steps taken by Government to curb generation of black money. Policy-level initiatives, effective enforcement, robust legislative-administrative frameworks Ministry of Finance Press Release  10-March, 2017 Steps taken by Government to curb the generation of black money Action against black money is an on-going process. Such actions include policy-level initiatives, effective
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