Daily Archive: Friday, April 21, 2017

Salary recovered for notice period not taxable u/s 16 – ITAT

Author: | Categories: Income Tax, ITAT, Judgments No comments
Salary recovered for notice period not taxable salary us 16 as per agreement with the employers when actually assessee had received less salary – ITAT ABCAUS Case Law Citation: ABCAUS 1219 (2017) (04) ITAT The Grievance: The appellant assessee was aggrieved by the order of the Commissioner of Income

 

Removal of Cyprus from list of notified jurisdictional areas us 94A – Clarification

Author: | Categories: Income Tax No comments
Removal of Cyprus from list of notified jurisdictional areas us 94A of the Income-tax Act retrospectively from 01.11.2013-Clarification  Removal of Cyprus from list of notified jurisdictional areas F.  No. 500/002/2015-FT&TR-III(1) Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes **** Circular  No. 15 of

 

Disallowance of interest for drawings out of cash credit account deleted as closing balance of capital was more than opening balance

Author: | Categories: Income Tax, ITAT, Judgments No comments
Disallowance of interest for drawings out of cash credit account deleted as despite drawings closing balance of capital was more than opening balance ABCAUS Case Law Citation: ABCAUS 1217 (2017) (04) ITAT The Grievance: The appellant assessee was aggrieved by the order of the Commissioner of Income Tax (Appeals)

 

Let justice be done though the heavens fall- Supreme Court explains the ambit of Article 142

Author: | Categories: Judgments, Supreme Court No comments
Let justice be done though the heavens fall-Supreme Court explains the ambit of Article 142 of the Constitution viz-a-viz powers of the Apex Court ABCAUS Case law Citation: 1218 (2017)(04) SC Important Case Law Cited/referred A.R. Antulay v. R.S. Nayak & Another, (1988) 2 SCC 602, Supreme Court Bar

 

Filing IEPF-1 Procedure for companies where challans not generated on MCA-21 portal

Author: | Categories: Companies Act No comments
Filing IEPF-1 Procedure for companies which have transferred amount to IEPF prior to 15.12.2016, through Challans not generated on MCA-21 portal  General Circular No 02/2017 No.05/05/2016-IEPF Government of India Ministry of Corporate Affairs 51h  Floor, “A ” Wing, Shastri Bhawan,Dr. R.P. Road New Delhi-110001 Dated: 20/04/2017 To All Stakeholders,

 

Excel Auto Salary TDS Certificate Form 16 for AY 2017-18 & 2016-17 Download

Author: | Categories: Income Tax, Taxation 7 Comments
Excel Auto Salary TDS Certificate Form 16 for AY 2017-18 AY 2016-17 Download Under Section 203 of Income tax Act, 1961, Every employer whether in Government sector or in private sector, is required to issue in form 16, a certificate for tax deducted at source  (TDS) from salary. The

 

Sovereign Gold Bond Scheme 2017-18 Series-I. Applications to be accepted from April 24-28, 2017

Author: | Categories: RBI No comments
Sovereign Gold Bond Scheme 2017-18 Series-I.  Applications to be accepted from April 24-28, 2017. Bonds will be issued on May 12, 2017 – RBI Sovereign Gold Bond Scheme 2017-18 – Series I he Reserve Bank of India, in consultation with Government of India, has decided to issue Sovereign Gold