Month: March 2017
Affidavit statement has to be taken as correct unless controverted by material filed by other party to counter the statement made therein – ITAT ABCAUS Case Law Citation: ABCAUS 1177 (2017) (03) ITAT The Grievance: This assessee was aggrieved by the order passed by the CIT(A) upholding the …
Excel Double Entry Accounting Template / Software download free for small professional firms of CA/CS/CMA/Lawyers etc. following cash basis Excel Spreadsheet Double Entry Accounting Template / Software ABCAUS Excel Accounting Template has been designed to assist small professional firms of Chartered Accountants, Certified Public Accountants, Lawyers etc. to …
CBDT Chairman expresses dissatisfaction over recovery of demand and arrears CBDT Chairman Shri Sushil Chandra in his latest department letter (DO) to all Principal Chief Commissioner of Income Tax has expressed dissatisfaction over unsatisfactory performance in the area of recovery from arrear and current demand- vis-a-vis Action Plan …
4.21 Crores ITRs e-filed in FY 2016-17 till Feb-2017. Total amount of refund issued is Rs. 1,48,459 crore till 28.02.2017 Ministry of Finance Dated: 17th March, 2017 Number of e-filed Income Tax Returns in Financial Year 2016-17 (till 28.02.2017) was 4.21 Cr: The total amount of refund issued …
Dispensing of fake currency notes through ATMs. Rs 2000 notes resembling genuine note marked as Children Bank of India-one person arrested Ministry of Finance Dated: 17th March, 2017 Dispensing of fake currency notes through Automated Teller Machines (ATMs) There have been media reports regarding dispensation of Rs …
Small Finance and Payment Banks – RBI Guidelines Ministry of Finance Dated: 17th March, 2017 Small Finance and Payment Banks Reserve Bank of India (RBI) issued guidelines for licensing of small finance banks and payments banks on November 27, 2014 and granted in-principle approvals to 10 applicants to …
Field trial of plastic banknotes at five locations currency in the country. Ministry of Finance Dated: 17th March, 2017 Government to conduct field trial with plastic banknotes at five locations of the country; Approval for procurement of plastic substrate and printing of bank notes of Rs.10 denomination on …
SBI Merger-Access to existing customers of subsidiary banks to SBI global network which has presence in all the time zones Ministry of Finance PIB Press Release Dated: 17th MAR 2017 Merger of State Bank of India (SBI) with its five subsidiaries; The existing customers of Subsidiary Banks will …
Cybercrime audit of banks to check loopholes- RBI Instruction. Circular requires banks to have cyber-security policy, cyber crisis management plan etc. Ministry of Finance Cybercrime audit on banks to check loopholes To address the issue of cyber resilience, RBI vide circular dated December 9, 2016 had instructed all …
False return filed by loan consultant send to handwriting expert for verification of the signature of the assessee found on ITR-V acknowledgement as submitted to CPC Bangalore ABCAUS Case Law Citation: ABCAUS 1176 (2017) (03) ITAT Assessment Year : 2010-11 Date/Month of Pronouncement: March, 2017 Brief Facts of …
