February 10, 2017

Harsh punitive actions against shell companies to prevent misuse for money laundering and tax-evasion

administrator February 10, 2017 Finance Ministry

Harsh punitive actions against shell companies to prevent misuse for money laundering and tax-evasion for unearthing black money post demonetization Ministry of Finance Press Release Dated: 10-02-2017 Harsh punitive actions to be taken against the deviant Shell Companies including freezing of Bank Accounts, striking off the names of …

CPC intimation us 143(1) applying MMR on AOP trust invalid

administrator February 10, 2017 Income Tax, ITAT, Judgments

CPC intimation us 143(1) applying MMR on AOP trust invalid as jurisdiction limited for disallowing only prima facie inadmissible deductions, allowances – ITAT In a recent judgment, ITAT Rajkot held that CPC intimation us 143(1) applying MMR on AOP trust invalid as jurisdiction limited for disallowing only prima …

ICAI Condonation-additional study course with articleship. Non submission of Form 112 amnesty measure on payment of Rs. 5,000/- fee.

administrator February 10, 2017 ICAI

ICAI Condonation-additional study course with articleship. Non submission of Form 112 amnesty measure on payment of Rs. 5,000/- as condonation fee. ICAI ANNOUNCEMENT Condonation of Breach of Regulation 65 & 78 – Non submission of Form 112 The Council of the Institute has decided to condone the delay in …

Updated FAQs on cash withdrawal-exchange of Bank Notes by RBI dated 09-02-2017

administrator February 10, 2017 RBI

Updated FAQs on cash withdrawal-exchange of Bank Notes by RBI dated 09-02-2017. Effective March 13, 2017, there will be no limits on cash withdrawals from Savings Bank accounts. Withdrawal of Legal Tender Character of the old Bank Notes in the denominations of ₹ 500/- and ₹ 1000/- and The …

Paperless Assessment proceedings-E-mail based communication. Review of performance. Revised format for reporting disposal of such assessments

administrator February 10, 2017 Income Tax

Paperless Assessment proceedings-E-mail based communication. Review of performance. Revised format for reporting disposal of such assessments F.No. 225/267/2015 ITA-II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North Block, New Delhi, the 10th February, 2017 To Pr Chief Commissioners of Income-tax Ahmedabad …

Honest tax-payers will be treated with dignity and courtesy. Greater accountability and probity in actions taken by Income Tax Officers-CBDT

administrator February 10, 2017 CBDT, Income Tax

Honest tax-payers will be treated with dignity and courtesy. Greater accountability and probity in actions taken by Income Tax Officers-CBDT GOVERNMENT OF INDIA Ministry of Finance/Department of Revenue Central Board of Direct Taxes North Block, New Delhi-110001 E-mail : chairmancbdt@nic .in Tele: 23092648 & Telefax :23092544 SUSHIL CHANDRA …

Framing Quality assessments in Income Tax. CBDT to monitor quality of assessments more closely. 10 cases to be reported from each range