• Income Tax

Disallowance us 361iii for bank interest on unutilized loan. If satisfied that loan was for business, no addition required for unutilized part at year end

8 years ago

Disallowance us 361iii for bank interest on unutilized loan In a recent judgment, ITAT held that once the Assessing Officer satisfied…

  • Income Tax

TDS statements processing fully CPC centralized and AO has no power to revise the order. This ground of appeal by Revenue rejected by ITAT

8 years ago

The processing of TDS statements are fully centralized at CPC (TDS) Vaishali Ghaziabad and the AO has no power to revise…

  • Service Tax

Service Tax-Speedy Disbursal of exporters Pending refund claims under rule 5 of CENVAT Credit Rules 2004. Service Tax Circular No.195/05/2016

8 years ago

Service Tax-Speedy Disbursal of exporters Pending refund claims Circular No. 195/05/2016-Service Tax F. No. 137/62/2015-Service Tax Government of India Ministry…

  • Black Money

India Switzerland early agreement for implementation of AEOI for Fighting the menace of Black Money stashed in offshore abroad accounts

8 years ago

India Switzerland early agreement for implementation of AEOI  India and Switzerland agree to move towards an early agreement for the…

  • ICAI

ICAI invites suggestions on Model GST Law. Suggestions/comments to be submitted to Indirect Taxes Committee by 30-06-2016

8 years ago

ICAI invites suggestions on Model GST Law The Indirect Taxes Committee of ICAI is getting ready to prepare training material…

  • Income Tax

India Mauritius DTAA Stakeholders comments invited by 4th July 2016-Working Group to examine issues arising out of amendments

8 years ago

India Mauritius DTAA Stakeholders comments invited Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes…

  • Excise/Custom

Excise duty branded ready made garments retailer exemption on textile articles having retail sale price of less then Rs. 1000

8 years ago

Excise Duty Branded Ready made Garments Retailer Exemption Circular No. 1031/19/2016-CX F. No. 332/5/2016-TRU Government of India Ministry of Finance…

  • Excise/Custom

Custom Single Window Project Simplification of procedure in SWIFT for clearance of consignments related to drugs & cosmetics. CBEC Circular No. 28/2016

8 years ago

Circular No. 28/2016-Cus F.No.450/147/2015-Cus-IV Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs New…

  • ICAI

ICAI joins Chartered Accountants Worldwide. ICAI Became 4th professional body to be admitted to associate membership by Chartered Accountants Worldwide.

8 years ago

PRESS RELEASE THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA JOINS CHARTERED ACCOUNTANTS WORLDWIDE GAINING INTERNATIONAL BRAND RECOGNITION The Institute of…

  • Income Tax

India-Mauritius Double Taxation Avoidance Agreement DTAA and related issues – Working Group to examine consequential issues arising out of amendment

8 years ago

India-Mauritius DTAA and related issues Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New…