Month: August 2016

Revised guidelines for disposal of custom confiscated goods through Army Canteens/CSD, NCCF/Kendriya Bhandar etc. and discount

Revised guidelines for disposal of custom confiscated goods through Army Canteens/CSD, NCCF/Kendriya Bhandar etc. and discount Circular No. 39/2016-Customs F.No.711/01/2006-Cus(AS)/Pt. Government of India Ministry of Finance Department of Revenue Central Board of Excise & Customs New Delhi, the 26th August, 2016 To All Principal Chief Commissioners/Chief Commissioners of …

ITR due date extension to 30092016 in JK AY 2016-17 for Income-tax assessees in the state of Jammu & Kashmir for dislocation of general life-CBDT Order

ITR due date extension to 30092016 in JK AY 2016-17  F. No. 225/195/2016/ITA.II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North-Block, ITA.II Division New Delhi, the 26th of August, 2016 Order under Section 119 of the Income-tax Act, 1961 On consideration …

Provisional Assessment us 18 of Customs Act 1962-Guidelines for obtaining bank guarantee or cash deposit security by classes of Importers-Circular

Provisional Assessment us 18 of Customs Act 1962-Guidelines for obtaining bank guarantee or cash deposit security by different classes of Importers. Circular No. 38/2016-Customs F.No: 465/01/2016–Cus V Govt. of India Ministry of Finance Dept. of Revenue Central Board of Excise & Customs Dated 22nd August 2016 To, All …

PF TDS deduction in provident fund claims settlement (Form-19), to be approved by concerned approver (AO/APFC) of the claim

PF TDS deduction in provident fund claims settlement (Form-19), to be approved by concerned approver (AO/APFC) of the claim. Employees’ Provident Fund Organisation (Ministry of Labour & Employment , Govt. Of India) Bhavishya Nidhi Bhawan , 14-Bhikaiji Cama Place, New Dclhi-110066 No. WSU/6(1)2016/Finance Bill 2016/IT/12859       …

e-filed forms 10A 10G time barring on 31082016 which were filed during 01-02-2016 to 29-02-2016. Instruction for taking necessary action.

e-filed forms 10A 10G time barring on 31082016 which were filed during 01-02-2016 to 29-02-2016. Instruction for taking necessary action. DIRECTORATE OF INCOME TAX (SYSTEMS) ARA Center, Ground Floor, E-2, Jhandewalan Extension, New Delhi- 110055 F. No. System/ITBA/Exemption Module/e-filing/2016-17/7535                   …

Services Tax exemption on water supply services to Government-local authority etc. CBEC Circular No. 199/09/2016 dated 22/08/2016

Services Tax exemption on water supply services to  Government-local authority etc. Circular No. 199/09/2016-Service  Tax F. No.137/51/2016-Service Tax Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs Service Tax Wing New Delhi , the 22nd August, 2016 To All Principal Chief Commissioners/Chief …

Audit without written noc from previous auditor-reprimand converted in to caution by High Court as CA was fresher in practice and omission was procedural

Audit without written NOC from previous auditor-reprimand converted in to caution by High Court as the chartered accountant (CA) was only fresher into practice, the omission was procedural and trivial and no moral turpitude involved. ABCAUS Case Law Citation: 997 2016 (08) HC Date/Month of Judgment: August, 2016 Brief Facts …

Husband Wife treated single unit for capital gains deduction u/s 54 54F. Compensation paid to husband to vacate house owned by wife not allowable – ITAT

Husband Wife treated single unit for capital gains deduction u/s 54 54F. Compensation paid to husband to vacate house owned by wife not allowable – ITAT ABCAUS Case Law Citation: 996 (2016) (08) ITAT Assessment Year: 2011-12 Date/Month of Judgment/Order: August 2016 Brief Facts of the Case: The  assessee …