Functioning of Stock Exchanges-Clearing Corporations in IFSC-SEBI Circular defining broad framework for functioning in International Financial Services Centre Securities &…
No 200 percent Penalty if income declared us 115BBE and 75% of tax and surcharge is paid before the end…
PMGKY Yojana 2016 Income tax Disclosure-Immunity Scheme with 50 % tax and lock in of 25% income. New penalty provisions…
Business income or STCG-Frequency-repetition of sale purchase not conclusive. Factors like main business / profession of assessee, intention while purchasing…
Non-acceptance of IDS-2016 challan ITNS-286 by banks stating that Scheme has closed on 30.09.2016. CBDT lodges grievance of declarants with…
Depreciation claim disallowed-defective machine not ready to use. Legal ownership not a must but the machine if not used, should…
IDS-2016 Part-2 with 50 percent tax, lock in period for declared income with 0% interest. According to media, Govt may…
ITAT duty bound to grant relief even if no specific ground raised. Even without alternative submission, Tribunal must pass consequential…
Revised Model GST Law 2016 released by GST Council Secretariat on 25-11-2016. The Central / State Goods and Services Tax…
No revision in cash withdrawal limit including ATM. The limit of Rs 24000 was to be reviewed on 24-11-2016 as…