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VPBY Scheme 2017-Varishtha Pension Bima Yojana for elderly persons aged 60 years and above with guaranteed return of 8% pa

Author: | Categories: Finance Ministry No comments
VPBY Scheme 2017-Varishtha Pension Bima Yojana will be implemented through LIC for elderly persons aged 60 years and above with guaranteed return of 8% pa  Ministry of Finance Dated: 24/01/2017 Press Release Varishtha Pension Bima Yojana – 2017 The Union Cabinet chaired by the Prime Minister Shri Narendra Modi

Two Separate Directorate of Income Tax-Tax Payer Services-I & II to be set up by re-designating DIT (TDS) and DIT (lnfra-3)

Author: | Categories: Income Tax No comments
Two Separate Directorate of Income Tax-Tax Payer Services-I & II to be set up by re-designating DIT (TDS) and DIT (lnfra-3) F.No.  A-11011/02/2015-Ad.VII Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes *** New Delhi, the  24th January, 2017 Order No. 01/Ad.VII/2017 Subject: Dedicated

Transfer of unlisted shares by SEBI registered Category I & II Alternative Investment Funds- Income tax treatment. fresh directions by CBDT

Author: | Categories: Income Tax No comments
Transfer of unlisted shares by SEBI registered Category I & II Alternative Investment Funds- Income tax treatment. fresh directions by CBDT  F.No. 225/12/2016/ITA.II Government of India Ministry of Finance Department of Revenue (CBDT) North Block, New Delhi, the 24th of January, 2017 To All Principal Chief-Commissioners of Income-tax/ All

Guiding Principles for determination of POEM of a Company. Place of effective management u/s 6(3) after amendment-CBDT

Author: | Categories: Income Tax No comments
Guiding Principles for determination of POEM of a Company. Place of effective management u/s 6(3) after amendment. Circular No. 06 of 2017 F. No. 142/11/2015-TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes Dated: 24th January, 2017 Subject: Guiding Principles for determination of

Indirect Transfer Provisions Circular 41/2016 kept in abeyance due to the issue of possible multiple taxation of the same income.

Author: | Categories: Income Tax No comments
Indirect Transfer Provisions Circular 41/2016 kept in abeyance due to the issue of possible multiple taxation of the same income. Circular No. 4 of 2017 F.No 500/43/2012-FT&TRJV Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes (FT&TR- Division) New Delhi, 20th January, 2017. The

Appeal where additions made due to audit objection deleted in adverse judgment should be filed and contested on merits only

Author: | Categories: Income Tax No comments
Appeal where additions made due to  audit objection deleted in adverse judgment should be filed and contested on merits only CIRCULAR NO. 5/2017 FTS No. 279157/ITJ Government of India Ministry of Finance Central Board of Direct Taxes New Delhi, Dated 23rd January, 2017 Subject: Measures for reducing litigation- Clarification on

Element of undisclosed investment in undisclosed purchases upheld. Peak credit of purchases rejected. AO to work out number of fund rotations-ITAT

Author: | Categories: Income Tax, ITAT, Judgments No comments
Element of undisclosed investment in undisclosed purchases upheld. Peak credit of purchases rejected. AO to work out number of fund rotations required for achieving undisclosed purchases -ITAT  ABCAUS Case Law Citation: ABCAUS 1107 (2017) (01) ITAT Assessment Year : 2010-11 The Issue for determination: The issue before the ITAT
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