• Income Tax

Cost Inflation Index for FY 2016-17 is 1125 CBDT Notification 42/2016 dated 02/06/2016. CII for FY 2015-16 was 1081. The increase is 4.07%

8 years ago

MINISTRY OF FINANCE Department of Revenue CENTRAL BOARD OF DIRECT TAXES Notification No. 42/2016 New Delhi, the 2nd June, 2016…

  • Income Tax

Notional interest Perquisite on Security deposit paid to landlord. Notional Interest on amount paid by employer for employee’s accommodation not perquisite

8 years ago

Notional interest Perquisite on Security deposit paid to landlord. Notional Interest on amount paid by employer for employee's accommodation not…

  • Income Tax

Interest 234B invalid if TDS deductible on entire income us 195 as there is no failure on the part of the assessee in payment of advance tax-ITAT

8 years ago

Interest 234B invalid if TDS deductible on entire income us 195 as there is no failure on the part of…

  • Income Tax

Rule 8D Amendment CBDT Notification 43/2016. Formula for interest not directly attributable to exempt income deleted. Expenditure claimed set as maximum limit

8 years ago

Rule 8D Amendment CBDT Notification 43/2016. GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF DIRECT TAXES…

  • SEBI

SEBI Caution-Unlisted companies luring investors by issuing securities /non-convertible debentures/shares etc. in the garb of private placement

8 years ago

Securities & Exchange Board of India PR No. 109/2016 Caution to the Investors Some unlisted companies are luring retail investors…

  • SEBI

SEBI cautions investors not to invest in schemes offered by entities barred from raising money or not registered with SEBI. List of 100 Companies since 2011

8 years ago

SEBI cautions investors not to invest in schemes offered by entities barred by SEBI from raising money or entities not…

  • Income Tax

AO bound to furnish reopening reasons recorded us 147 within a reasonable time for initiation of reassessment proceedings u/s 147/148

8 years ago

AO bound to furnish reopening reasons recorded us 147 within a reasonable time for initiation of reassessment proceedings u/s 147/148…

  • Income Tax

Addition us 68 remanded back for short time lag between inquiry initiation and conclusion when the evidence was to be produced in just 10 days

8 years ago

Addition us 68 remanded back by ITAT for short time lag between inquiry initiation and conclusion when the evidence was…

  • Income Tax

Gift received from Step Father not taxable us 56(2)(vi) as income from other sources in view of meaning of relatives as per Explanation to section 56(2)

8 years ago

Gift received from Step Father not taxable us 562vi as income from other sources. The Explanation to section 56(2) would indicate…

  • Income Tax

Bad Debts written off as irrecoverable must form part of income. ITAT specifies 6 requisite conditions to be adhered for allowance of bad debts.

8 years ago

Bad Debts written off as irrecoverable must form part of income. The assessee can claim bad debts by just writing off…