Day: May 2, 2018
Material found in a Survey made simultaneously at a connected person can be used in Block Assessment of an assessee u/s 158BB read with Section 158 BH of the IT Act-Supreme Court The instant appeal was filed by the Income Tax Department (Revenue) against the judgment passed by …
ICAI Implementation Guide on Reporting Standards-Revised SA 700, Revised SA 705 and Revised SA 706 In the year 2016, the Institute of Chartered Accountants of India (ICAI) had issued the revised auditor’s reporting standards i.e. (a) Revised SA 700 – Forming an Opinion and Reporting on Financial Statements It represents the overarching …
Taxability of tenancy rights premium under pagadi system under GST-Clarification Circular No.44/18/2018-CGST F. No. 341/28/2017-TRU Government of India Ministry of Finance Department of Revenue Tax Research Unit New Delhi, the 2nd May, 2018 To, The Principal Chief Commissioner/Chief Commissioners/ Principal Commissioner/ Commissioner of Central Tax (All) / The …
Cabinet approves Mutual Recognition Agreement between the Institute of Chartered Accountants of India and the South African Institute of Chartered Accountants Mutual Recognition Agreement between the ICAI and SAICA The Union Cabinet chaired by Prime Minister Shri Narendra Modi has has approved the Mutual Recognition Agreement between the Institute …
Cabinet approves Doubling of Investment Limit for Senior Citizens from Rs. 7.5 lakh to Rs.15 lakh under Pradhan Mantri Vaya Vandan Yojana (PMVVY) Enables upto Rs. 10000 Pension per month for Senior Citizens Time limit for subscription under PMVVY extended from 4th May, 2018 to 31st March, 2020 …
Excel Auto Form 15G for AY 2018-19 with database as revised and simplified Form 15G is a declaration under sub section (1) and (1A) of section 197A of the Income Tax Act, 1961 which can be given by an individual or a person (other than company or firm) …
Download Excel Auto Income Tax Form 15H for Senior Citizens and 15G with Database for AY 2018-19 Revised as per Notification 76/2015 Form 15H is a declaration under sub section (1C) of section 197A of the Income Tax Act, 1961 which can be given by a senior citizen …
Competition Commission of India has passed imposing penalty on six firms for bid rigging in five tenders floated by Pune Municipal Corporation Lesser Penalty Provisions aid CCI to bust cartel in tenders of Pune Municipal Corporation As per Press Release of MCA, the Competition Commission of India (CCI) …
Cash surrendered during survey and added to WIP can not be disallowed u/s 68 as income was already declared in Trading account and it was a balancing entry-ITAT The appellant assessee had filed the instant appeal against the order of the CIT(A) contending that the Authorities below erred …