Daily Archive: Monday, August 7, 2017

Travelling Expenses claimed us 57 did not attract concealment penalty – High Court

Author: | Categories: High Courts, Income Tax, Judgments No comments
Travelling Expenses claimed us 57 did not attract concealment penalty particularly when untenable claim was made on the advice of an Accountant and coming to know, the assessee offered the same to taxation – High Court    ABCAUS Case Law Citation: ABCAUS 2018 (2017) (08) HC The Issue: The

 

Increase of 25% in number of ITRs filed due to demonetization and Operation Clean Money

Author: | Categories: Income Tax No comments
Increase of 25% in number of ITRs due to demonetization and Operation Clean Money. Advance Tax (Personal Income Tax) collections also up by 41% Press Information Bureau  Government of India Ministry of Finance 07-August-2017 17:13 IST 25% growth in number of Income Tax Returns filed in current fiscal Advance

 

GST-Increase in maximum ceiling of cess on SUVs-Luxury cars to 25% from present 15% in due course

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GST-Increase in maximum ceiling of cess on SUVs-Luxury cars to 25% from present 15%. Decision on when to raise the actual cess to be taken in due course by GST Council Press Information Bureau Government of India Ministry of Finance 07-August-2017 15:19 IST GST Council Recommends Increase in Maximum

 

Listed entities to disclose defaults of interest or loan repayment within one day to Stock exchanges

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Listed entities to disclose defaults of interest or repayment of loan to banks/ financial institutions within one day to Stock exchanges-SEBI CIRCULAR CIR/CFD/CMD/93/2017                                                                                        August 4, 2017 To All Listed entities All Recognised Stock Exchanges Dear Sir / Madam, Sub: Disclosures by listed entities of defaults on payment of interest/

 

Check if your PAN is active or wrongfully deactivated by Income Tax. How to re-activate PAN?

Author: | Categories: Income Tax No comments
Know if your PAN is active or wrongfully deactivated. How to reactivate your PAN if wrongly deactivated/cancelled by Income Tax Department Recently Income Tax Department has announced deactivation of approx 12 lakhs PAN which were found to be duplicate or fake. How to check if your PAN is active