Month: December 2016
Capital gain deduction-House Sale-purchase from family members. Everybody entitled to arrange his affairs within law even if it results into reduction of tax liability-ITAT ABCAUS Case Law Citation: ABCAUS 1090 (2016) (12) ITAT Important Case Laws relied upon: UOI vs. Azadi Bachao Andolan (2003) 263 ITR 706 (SC). …
Recent Decisions of ICAI Ethical Standards Board related to chartered accountants/firm in practice. Mentioning Knowledge Partner not permissible. Recent Decisions of ICAI Ethical Standards Board 1. A chartered accountants in practice cannot become Financial Advisors and receive fees/commission from Financial Institutions such as Mutual Funds, Insurance Companies, NBFCs …
Direct Tax DRS Declaration filing date extended to 31-01-2017 regarding tax arrear or specified tax under the Direct Tax Dispute Resolution Scheme, 2016. In view of the representations received from various stakeholders and for the convenience of the taxpayers, the last date for availing the Direct Tax Dispute …
Two More Advance Pricing Agreements signed by CBDT related to Information Technology and Automobile sectors of the economy Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 29th December, 2016. Press Release Two More Advance Pricing Agreements signed by the Central …
Old Notes cannot form part of bank cash balances as on 31-12-2016. RBI Circular-Closure of scheme of exchange of SBNs and Accounting RBI/2016-17/201 DCM (Plg) No.2103/10.27.00/2016-17 …
Company Names Removal Provisions effective from 26-12-2016. Section 248-252-Removal of companies name from register of companies. GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 26th December, 2016 S.O. -(E),-In exercise of the power conferred by sub-section (3) of Section 1 of the companies Act, 2013 …
Deductions not claimed for CA mistake allowable during assessment proceedings if found correct and there is no need to file revised return-ITAT ABCAUS Case Law Citation: ABCAUS 1089 (2016) (12) ITAT The Grievance: The present appeal was directed against the order of Assessing Officer (AO) and CIT(A) inter …
UPVAT Annual Return Due date extension FY 2015-16 to 31-01-2017 for filing Form 52 52A 52B in view of GSTN data transfer and training. As per Circular No. 3344/1617054 Commercial Tax UP, the due date for filing Annual Return/Form No. 52, 52A, 52B has been extended from 31st …
Demonetisation-Revenue collection belies adverse impact predicted by critics. Assessment can be unreal but revenue is real-Finance Ministry Ministry of Finance Dated: 29/12/2016 Press Release Statement made by the Union Finance Minister Shri Arun Jaitley on Remonetisation and its impact. Following is the transcription of the Statement made by …
EPF Exemption surrender guidelines-Processing of pending cases. Transfer of Trust funds and third party audit-EPFO For Web Circulation Only Employees’ Provident Fund Organisation (Ministry of Labour, Govt. of India) Bhavishya Nidhl Bhawan, 14- Bhikaji Cama Place,New Delhi – 110066 www.epfindia.gov.in,www.epfindia.nlc.in No. C-Ex/32(6)13/Cancellation Order/24832 …