Day: March 3, 2017

Section 43B applicable to both employee and employer contributions. No disallowance u/s 36(1)(va) if paid before ITR due date. Allahabad HC

Section 43B applicable to both employee and employer contributions. No disallowance can be made u/s 36(1)(va) if paid before ITR due date. Allahabad High Court CBDT in view of the decision of the Hon’ble Supreme Court in Alom Extrusions Ltd. has vide circular no. 22 of 2015 dated 17/12/2015 …

ICAI-Penalty u/s 271J on chartered accountants be withdrawn. ICAI advocates withdrawal of penalty in its Post-Budget Memorandum

ICAI-Penalty u/s 271J on chartered accountants be withdrawn. ICAI advocates withdrawal of penalty in its Post-Budget Memorandum submitted to the Government ICAI in its Post-Budget Memorandum-2017 has advocated that the proposed Section 271J- Penalty imposable on chartered accountant for furnishing incorrect information in reports or certificates may be removed. The …