Old bank notes of 500 accepted for seed purchase with proof of identity from Central/State Govt. Centres, PSUS or specified…
Substandard classification of bank loans deferred 60 days due to demonetisation. Relief given in repayment by RBI relaxing Prudential Norms…
Demonetised notes not unexplained money us 69A-No penalty 271(1)(c) for concealment warranted-High Court Judgment on 1978 Demnetisation The recent demonetisation…
Security deposit written off allowed as business loss us 37(1) even though rent security w/o in books was claimed wrongly…
No leakage of ICAI question paper-7 Direct Tax Laws of CA Final examination held on 13-11-2016. Institute refutes social media…
Sikkim connection of Demonetisation Scheme Tax Evasion. No income tax payable by Sikkimese person u/s 10(26AAA) of Income Tax Act,…
Penalty us 221(1) on tax due as per revised return of income. It is not correct to levy penalty on…
CIT-A can decide appeal against CIT revision order us 263 when no direction given to make assessment in a particular…
Not get lured by black money converters and be a crime partner. CBDT warns people allowing their bank accounts to…
Metal scrap import clearance Procedure-Shredded metallic scrap to be cleared upon furnishing pre-shipment inspection certificate. Circular No. 53/2016-Customs F. No.…