• Income Tax

Penalty us 2711c imposable on voluntary surrender-disclosure to avoid litigation and to buy peace of mind, as it does not meet requirements of Explanation (1) to section

8 years ago

Penalty us 2711c imposable on voluntary surrender-disclosure to avoid litigation and to buy peace of mind, as it does not…

  • ICAI

ICAI fake websites with deceptively similar name – Advisoty

8 years ago

ICAI fake websites advisory for Members Students. icai-org.in and icairesults.info according to ICAI are deceptively similar to its official website …

  • Labour Laws

Employees Pension Scheme 1995-Amendments. (Fourth Amendment) Notification dated 16-06-2016 wef 1st day of April, 2015

8 years ago

Employees’ Pension Scheme 1995-Amendments MINISTRY OF LABOUR AND EMPLOYMENT NOTIFICATION New Delhi, the 16th June, 2016. G.S.R. 603(E).—In exercise of…

  • Income Tax

FDR Interest Business Income-No addition when books rejected. AO cannot fall back upon same books for making addition of interest reflected therein

8 years ago

FDR Interest Business Income-No addition when books rejected In an interesting judgment which is quite opposite to the view held…

  • PPF

Premature Closure of PPF Account Conditions-Deductions. Withdrawal for Treatment of Disease or Higher Education after five Financial years

8 years ago

Premature Closure of PPF Account Conditions-Deductions Ministry of Finance Department of Economic Affairs Notification New Delhi, the 18th June, 2016…

  • MSME

No Fee for MSME Udyog Aadhar Memorandum Form Registration which is the only form of registration for MSMEs in India and there is no fee for the registration

8 years ago

No Fee for MSME Udyog Aadhar Memorandum Form Registration Ministry of Micro,Small & Medium Enterprises 20th June, 2016 Ministry of…

  • Income Tax

CBDT Exempts Startups shares issued above FMV to residents from the deeming taxation provisions of section 56(2)(viib)

8 years ago

CBDT Exempts Startups shares issued above FMV CBDT has notified tax exemption on investments above fair market rate for startups. Now…

  • Income Tax

Peak credit theory not applicable when cash not withdrawn but only deposited in bank account and used for investment in mutual funds.

8 years ago

Peak credit theory not applicable when cash not withdrawn but only deposited in bank account and used for investment in…

  • RBI

RBI Governors Message-From Fragile 5 to fastest growing economy of the world. I will be returning to academia when my term ends on 04-09-2016

8 years ago

RBI Governors Message-From Fragile 5 to fastest growing economy of the world. I will be returning to academia when my…

  • Income Tax

Annual Conference of Tax Administrators-2016 Major Take aways and action points identified on CBDT and CBEC Side

8 years ago

Annual Conference of Tax Administrators-2016 Major Take aways Ministry of Finance Press release dated 18-06-2016 Rajswa Gyansangam- Annual Conference of…