Month: June 2016
RBI Governors Message-From Fragile 5 to fastest growing economy of the world. I will be returning to academia when my term ends on 04-09-2016 RBI releases Governor’s message to staff for wider dissemination Dr. Raghuram G. Rajan, Governor, Reserve Bank of India sent a message to RBI staff …
Annual Conference of Tax Administrators-2016 Major Take aways Ministry of Finance Press release dated 18-06-2016 Rajswa Gyansangam- Annual Conference of Tax Administrators-2016”concludes; Major Take Aways from two day “Annual Conference of Tax Administrators-2016” include further improvement in Tax Payers Services by use of technology and increased human touch; …
ICAI FAQ on Responding to Tenders by CA Members Frequently Asked Questions (FAQs) on Responding to Tenders A notification published in Part III Section 4 of the Gazette of India: Extraordinary dated 7th April, 2016 has been issued by the Institute containing the guidelines on responding to tenders which can …
FDRs Interest was business income but not contract income. Interest on Margin Money deposits for obtaining bank guarantee is not income out of contract business-ITAT upheld CIT order u/s 263 ABCAUS Case Law Citation: 951 2016 (06) ITAT Assessment Year – 2009-10 Date/Month of Judgment/Order: June 2016 Brief Facts …
Penalty 2711c – Pending Petition us 154 to be verified/disposed off first and penalty be dropped if the claim of the assessee as per rectification petition was found correct-ITAT ABCAUS Case Law Citation: 950 2016 (06) ITAT AY: 2006-07 Date of Judgment: June, 2016 Brief Facts of the …
SEBI Forensic Audit Empanelment of CA firms for audit of Registered Registrar to an Issue and Share Transfer Agents -Applications invited. Last date 30/06/2016 SEBI- Empanelment of auditors for conducting forensic audit of SEBI registered Registrar to an Issue and Share Transfer Agent(RTA/STA) Securities and Exchange Board of …
SEBI Board Meeting-Introduction of Section 9A in Income Tax Act 1961 and Amendments to the SEBI (Real Estate Investment Trusts) Regulations, 2014 PR No. 116/2016 SEBI Board Meeting The SEBI Board met in Mumbai today and took the following decisions: A. Consultation Paper for “Amendments to the SEBI …
Disallowance 40A3-two proprietorship concerns of same assessee. In the absence of alleged tax evasion, additions for cash purchases not warranted-ITAT ABCAUS Case Law Citation: 949 2016 (06) ITAT AY: 2008-09 Important Case Laws/Judgments Cited: Hasanand Pinjomal Vs. CIT 112 ITR 134 Gujarat High Court Smt. Ch. Mangayamma Vs. …
CPC TDS reminder-downloading TDS Certificates Form 16A by deductors for TDS Statements filed during Q1, FY 2015-16 from TRACES website Date of communication: 11/06/2016 Dear Deductor (TAN XXXXXXXXXX), As per the records of Centralized Processing Cell (TDS), TDS Statements have been filed by you for Quarter 1 of …
RBI Simplifies-Rationalise New NBFCs Registration Process Reserve Bank of India Press Release Dated 17th June, 2016 RBI decides to simplify and rationalise the process of registration of new NBFCs In order to make the process of registration of new NBFCs smoother and hassle free, the application form for …