Daily Archive: Tuesday, June 6, 2017

TDS Refund Claim Form 26B can be EVC verified in addition to DSC

Author: | Categories: Income Tax No comments
TDS Refund Claim Form 26B can be EVC verified in addition to DSC. Amendment to Rule 31A (3A). Information to be filled for refund u/s 194-IA.  MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) Notification No. 45/2017 New Delhi, the 5th June, 2017 G.S.R. 554(E).—In exercise

 

Cost Inflation Index AY 2018-19 Base Year 2001-02 Notified by CBDT. List-Table of CII from FY 2001-02 to FY 2017-18

Author: | Categories: Income Tax No comments
Cost Inflation Index AY 2018-19 Base Year 2001-02 Notified by CBDT. List-Table of CII 100 for FY 2001-02 and 272 for FY 2017-18 MINISTRY OF FINANCE Department of Revenue CENTRAL BOARD OF DIRECT TEXES Notification No. 44/2017 New Delhi, the 5th June, 2017 INCOME-TAX S.O. 1790(E).—In exercise of the

 

Issue of duplicate shares under IEPF Rules. Procedure of transmission of shares to be followed – MCA

Author: | Categories: Companies Act No comments
Issue of duplicate shares under IEPF Rules. Procedure of transmission of shares to be followed and duplicate shares need not be issued. MCA Clarification General Circular No. 7/2017 F. No. 05/23/2016-IEPF Government of India Ministry of Corporate Affairs To, All Stakeholders,      . Nodal Officer’s (IEPF) of Concerned Companies All

 

Only real income can be taxed under Income Tax Act – Bogus Purchase addition restricted to 10%

Author: | Categories: Income Tax, ITAT, Judgments No comments
Only real income can be taxed under Income Tax Act. Even if whole transaction is not verifiable only income component not the entire purchase taxable ABCAUS Case Law Citation: ABCAUS 1275 (2017) (05) ITAT The Grievance: The appellant assessee was aggrieved by the order passed by the Commissioner of

 

Exemption from STT chargeability u/s 10(38) on sale of equity shares. CBDT Notifies exempt transactions.

Author: | Categories: Income Tax No comments
Sale of long term equity shares chargeable u/s 10(38) from AY 2018-19 if not chargeable to securities transaction tax  CBDT notifies transactions for which the condition of chargeability to STT for claiming exemption under Section 10(38) of the Income Tax Act, 1961 shall not apply. MINISTRY OF FINANCE Department