Month: March 2017
Exemption us 11 can not be denied if not filled in Schedule-F when the verification clause of ITR-7 was duly filled – Allahabad High Court ABCAUS Case Law Citation: ABCAUS 1167 (2017) (03) HC Question for determination: Whether the finding of the Tribunal that Schedule-F to the …
Demonetisation adverse impact was transient and felt mainly in November and December 2016. The impact moderated significantly in January 2017-RBI Macroeconomic Impact of Demonetisation- A Preliminary Assessment Reserve Bank of India March 10, 2017 Demonetisation announced on November 8, 2016 was aimed at addressing corruption, black money, counterfeit …
Interest expenditure Disallowance u/s 36(1)(iii) for interest free loan-Allahabad High Court says business expediency not a must, earlier Division Bench decision was not a good law, pronounced in ignorance. ABCAUS Case Law Citation: ABCAUS 1166 (2017) (03) HC The Grievance: The appellant assessee was aggrieved by part of the …
Empanelment to act as observers at ICAI exam May-June 2017. Eligibility criteria, Honorarium and Duties. Last date to respond 31st March 2017 13-CA (Exams)/Observer Empanel /May -June 2017 …
CSR-Show cause notices issued to 1018 companies for 2014-15 for violation of Section 135,134(3) (o) of the Companies Act 2013 Ministry of Corporate Affairs PIB Press Release dated 10-March, 2017 CSR by companies Show cause notices have been issued to 1018 companies for 2014-15 for violation of Section 135 …
Exchange of old currency notes grace period after 30-12-2017 Submission of old currency notes of Rs. 500 and Rs. 1000; The grace period for Indian citizen residing in India is March 31, 2017 and for Indian citizen resident outside is June 30, 2017 The Specified Bank Notes (Cessation …
Persons whose tax profiles not match with cash deposits made in bank during the demonetization period identified-Operation Clean Money Ministry of Finance PIB Press Release dated 10/03/2017 Operation Clean Money; Income Tax Department identifies 17.92 Lakh persons whose tax profiles were not in line with the cash deposits …
Roll out of GST-1st July 2017; Draft CGST Law and Draft IGST Law approved in the 11th Council Meeting held on 4 March 2017 Ministry of Finance PIB Press Release dated 10-March, 2017 The GST Council in its 9th Meeting held on 16 January 2017 took note of …
Steps taken by Government to curb generation of black money. Policy-level initiatives, effective enforcement, robust legislative-administrative frameworks Ministry of Finance Press Release 10-March, 2017 Steps taken by Government to curb the generation of black money Action against black money is an on-going process. Such actions include policy-level initiatives, …
Lodging complaints with CBI for fraud embezzlement by banks and select Financial Institutions based on amount involved in the frauds. Ministry of Finance Press Release 10-March, 2017 Lodging of complaints with CBI in cases of fraud /embezzlement by commercial banks and select Financial Institutions. Reserve Bank of India …
