Monthly Archive:: May 2017

TDS Deduction Requirement for entities whose income is exempt us 10 unconditionally CBDT Circular 18/2017

Author: | Categories: Income Tax No comments
TDS Deduction Requirement for entities whose income is exempt us 10 unconditionally and who are also statutorily not required  to file return u/s 139  F. No. 385/01/2015-IT(B) Government of India Ministry of Finance Department of Revenue Central Board of Direct taxes North Block, New Delhi 29th may, 2017 Requirement

 

RBI Scholarship Scheme for Faculty Members of Academic Institution teaching economics or finance

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RBI Scholarship Scheme for Faculty Members of Academic Institution teaching economics or finance to undertake short term research Reserve Bank of India Date : Apr 18, 2017 Scholarship Scheme for Faculty Members from Academic Institution he Reserve Bank of India invites application as per prescribed format from full-time faculty

 

Age of Chairperson ViceChairperson Members of Tribunal Appellate Tribunal other Authorities – Amendment

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Age of Chairperson ViceChairperson Members of Tribunal Appellate Tribunal other Authorities – Amendment to section 184 of Finance Act 2017 MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 29th May, 2017 S.O. 1702(E).–Whereas, the Finance Act, 2017 (7 of 2017) (hereinafter referred to as the said Act)

 

New Twitter Handle to invite GST related queries launched @askGST_GoI

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New Twitter Handle to invite GST related queries launched Ministry of Finance Press Release Ministry of Finance, Government of India launches a new Twitter Handle @askGST_GoI to invite queries from all taxpayers and other stakeholders on GST. The Department of Revenue, Ministry of Finance, Government of India has opened

 

Non-disclosure of bank account due to over-sight-Concealment penalty u/s 271(1)(c) upheld

Author: | Categories: Income Tax, ITAT, Judgments No comments
Non-disclosure of bank account due to over-sight-Concealment penalty u/s 271(1)(c) upheld as no credible explanation given for omission & source of deposits – ITAT ABCAUS Case Law Citation: ABCAUS 1268 (2017) (05) ITAT Assessment Year: 2009-10 Date/Month of Judgment/Order: May, 2017 Brief facts of the case: The assessee was

 

Fixed Deposit interest income during pre-operative period taxable as income from other sources – ITAT

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Fixed Deposit interest income during pre-operative period taxable as income from other sources and can not be set off against interest on borrowed money – ITAT ABCAUS Case Law Citation: ABCAUS 1267 (2017) (05) ITAT The Grievance: The appellant assessee was aggrieved by the order passed by the Commissioner

 

Revised CA course scheme is effective from 01-07-201 – ICAI. Eligible students may register till 30th June 2017.

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Revised CA course scheme is effective from 01-07-201-ICAI. Students eligible to register in CPT/IIPCC/Final may register on or before 30th June 2017. Implementation of Revised Scheme of Education and Training for CA Course w.e.f. 1st July, 2017 26th May, 2017 Important Announcement Sub: Implementation of Revised Scheme of Education