Month: February 2019
CBDT Guidelines for representation of cases before CIT(A) and formation of “Regional Talent Pool” and “National Talent Pool” The CBDT has issued an Instruction to all Pr. Chief Commissioners of Income Tax emphasizing that the income tax cases should be properly defended before the CIT(Appeals), as the department will have …
Revised Excel Auto Salary TDS Certificate Form 16 for AY 2019-20 Download Under Section 203 of Income tax Act, 1961, Every employer whether in Government sector or in private sector, is required to issue in form 16, a certificate for tax deducted at source (TDS) from salary. The …
TDS credit for wrong PAN mentioned in TDS return by employer- ITAT directs Assessing Officer (AO) to give credit of TDS to the assessee after verification ABCAUS Case Law Citation:ABCAUS 2782 (2019) (02) ITAT The sole issue involved in the instant appeal was that the CIT(A) had not …
Prevention of Money-laundering Maintenance of Records Amendment Rules 2019. List of documents to be submit to the reporting entity MINISTRY OF FINANCE(Department of Revenue) NOTIFICATION New Delhi, the 13th February, 2019 G.S.R. 108(E).—In exercise of the powers conferred by sub-section (1), read with clauses (i), (j), (jj), (jjj) and …
Assistant Director, Income Tax (Investigation) sentenced to five years Rigorous Imprisonment with a fine of Rs. one lakh in a bribery case. The Special Judge, CBI Cases, Dhanbad (Jharkhand) has sentenced Sh. Swarn Singh, then Assistant Director, Income Tax (Investigation), Dhanbad to undergo five years Rigorous Imprisonment with …
Corpus donation with specific purpose of purchase of lands for furtherance of the objects not income u/s 2(24)(iia) as they were capital receipts for specific purpose – ITAT ABCAUS Case Law Citation: ABCAUS 2781 (2019) (02) ITAT Important Case Laws Cited/relied upon by the parties ITO Vs. Vokkaligara …
CBDT forms committees on litigation management. Committees shall examine suggestions/issues on litigation management including International Good practices CBDT in order to minimise and effectively resolve tax litigation has formed two committees. The decision was taken in the discussion held during the judicial conference held on 01.01.2019 Suggestions and …
ICAI elects New Torchbearers for the year 2019-20 The Institute of Chartered Accountants of India (ICAI) is a statutory body established under the Chartered Accountants Act, 1949 for the regulation of the profession of Chartered Accountancy in India. ICAI is celebrating 70th year of its meaningful existence with …
ICAI has issued an educational Material on Indian Accounting Standard (Ind AS) 111, Joint Arrangements The Educational Material on Ind AS 111, Joint Arrangements will provide guidance to the stakeholders in how an entity that is a party to a joint arrangement to determine the type of joint arrangement …
Request for Proposal for Appointment of Internal Auditor to IBBI. Last Date and time for submission of Tender Document 28th February 2019 The IBBI with its Head Office located at 7th Floor, Mayur Bhawan, Shankar Market, Connaught Circus, New Delhi -110001 seeks to appoint a Chartered Accountant (CA) …