Daily Archive: Tuesday, March 21, 2017

Entire amount of undisclosed purchases can not be added as profit. In absence of information on sales, only profit element can be taxed – ITAT

Author: | Categories: Income Tax, ITAT, Judgments No comments
Entire amount of undisclosed purchases can not be added as profit. In absence of information on sales of such purchases only profit element can be taxed – ITAT ABCAUS Case Law Citation: ABCAUS 1181 (2017) (03) ITAT Assessment Year : 2007-08 Date/Month of Pronouncement: March, 2017 Brief Facts of

 

Cash Transaction Limit us 269ST reduced to Rs 2 lakhs -Revenue Secretary Tweet

Author: | Categories: Income Tax No comments
Cash Transaction Limit us 269ST reduced to Rs 2 lakhs. As per Revenue Secretary tweet, Govt in official amendment to Finance Bill has proposed so. Finance Bill 2017 had proposed a check on domestic black money by inserting a new section 269ST in the Income Tax Act, 1961 to provide that no

 

No need to Exempt interest on minor Maintenance deposit us 64 when the money is deposited in favour of child on the direction of the Court-Law Commission

Author: | Categories: Income Tax No comments
No need to Exempt interest on minor Maintenance deposit us 64 when the money is deposited in favour of child on the direction of the Court-Law Commission  Prospects of Exempting Income arising out of Maintenance Money of ‘Minor’ The Punjab and Haryana High Court, in the case Payal Mehta

 

TDS JAGRUKTA movie by DTRTI Kolkata by CBDT Member. Video is in English, Hindi, Bengali, Marathi, Gujarati, Punjabi, Telgu, Tamil & Kannad

Author: | Categories: Income Tax No comments
TDS JAGRUKTA movie  TDS- JAGRUKTA a movie by DTRTI, Kolkata in English, Hindi, Bengali, Marathi, Gujarati, Punjabi, Telgu, Tamil &Kannad has been released by Shri Gopal Mukherjee, Member ( Rev & TPS), CBDT. The Video starts with a sholk from Sanskrit followed by a short story of how a

 

Procedure of TAN Application through SPICe Form No. INC-32 of MCA. CBDT Notification

Author: | Categories: Income Tax No comments
Procedure of TAN Application through SPICe Form No. INC-32 of MCA   F.No.  Pr. DGIT(S)/ADG-2/TAN Application Notification/20992-21016 Government of India Ministry of Finance Central Board of Direct Taxes Directorate of Income-tax (Systems) Notification  No. 2 of 2017 New Delhi,  th of March, 2017 Procedure of TAN application through Simplified Profoma

 

Branches of SBBJ, SBH, SBM, SBP and SBT to operate as branches of SBI from April 1, 2017

Author: | Categories: RBI No comments
Branches of SBBJ, SBH, SBM, SBP and SBT to operate as branches of SBI from April 1, 2017 Reserve Bank of India Date : Mar 20, 2017 Branches of SBBJ, SBH, SBM, SBP and SBT to operate as branches of SBI from April 1, 2017 All branches of State