Month: July 2017
Extension of NPS Fortnight from 11th July 2017 to 21st July 2017. Download NPS Mobile Application Ministry of Finance Press Release Dated: 10th July, 2017 Extension of NPS Fortnight from 11th July 2017 to 21st July 2017 . With a view to promote and create awareness about the …
No GST on gifts-perquisites supplied by companies to their employees.Supply by employer to employee in terms of contractual agreement not subjected to GST Ministry of Finance Press Release dated: 10th July, 2017 Gifts up to a value of Rs 50,000/- per year by an employer to his employee …
Launch of Aaykar Setu new Tax Payer Services Module by CBDT. A mobile responsive android version was also released along with the desktop version Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 10th July, 2017 PRESS RELEASE Launch of Aaykar …
Income Tax startegy for Intelligence and Criminal Investigation as per Income Tax Central Action Plan 2017-18 The Central Action Plan (CAP) 2017-18 of the Income tax Department stresses that ensuring complete and correct filing of the SFTs is essential to access credible and processed information which is vital for the …
Income Tax Startegy-action plan for TDS compliances for FY 2017-18 as per Income Tax Central Action Plan FY 2017-18 Income Tax Central Action Plan FY 2017-18 A. CAPACITY BUILDING: (a). TDS workshops and awareness programs can be conducted for all categories of deductors including government deductors. The programs can …
CPC-TDS to provide window to taxpayers to report non-compliance by deductor CBDT has issued its Central Action Plan (CAP) for FY 2017-18. As per the said plan, the contribution of TDS to the overall gross direct taxes collections during FY 2016-17 was about 37%. The CAP 2017-18 has …
FCRA issues notice to 5922 associations for failure to upload Annual Returns from 2010-11 to 2014-15. Show cause notice asking why FCRA registration not be cancelled No. II/21 022/36(0207)/2015/FCRA-II/ Governmen t of India Ministry of Home Affairs Foreigners Division (FCRA Wing) NDCC-II Building, Jai Singh Road. Ncw Delhi …
Chit fund business not cash or fund management for service tax levy purpose. Chit fund not covered u/s 12 of Section 65 of Finance Act 1994-Supreme Court ABCAUS Case Law Citation: ABCAUS 1289 (2017) (07) SC The Question framed for determination: Question No.1 – Whether chit fund activity …
Penalty u/s 221(1)-Interest component has to be excluded while levying Penalty. The term “tax in arrears” does not include interest component-Bombay HC ABCAUS Case Law Citation: ABCAUS 1288 (2017) (07) HC The Question framed by the Appellant Revenue: (1) Whether on facts and in the circumstances of the case and in law, the ITAT …
Penalty us 271(1)(c) invoking discretionary jurisdiction us 40A(2)(b) invalid. Income assessed on the basis of deeming provisions would not amount to non-disclosure-Allahabad High Court ABCAUS Case Law Citation: ABCAUS 1287 (2017) (07) HC The Issue: The only point of the litigation was regarding the levy of penalty under Section …