• Income Tax

PMGKY Yojana 2016 Income tax Disclosure-Immunity Scheme with 50 % tax and lock in of 25% income. New penalty provisions introduced

10 years ago

PMGKY Yojana 2016 Income tax Disclosure-Immunity Scheme with 50 % tax and lock in of 25% income. New penalty provisions…

  • Income Tax

Business income or STCG-Frequency-repetition of sale purchase not conclusive factors – ITAT

10 years ago

Business income or STCG-Frequency-repetition of sale purchase not conclusive. Factors like main business / profession of assessee, intention while purchasing…

  • Income Tax

Non-acceptance of IDS-2016 challan ITNS-286 by banks stating that Scheme has closed. CBDT lodges grievance with RBI

10 years ago

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…

  • Income Tax

Depreciation claim disallowed-defective machine not ready to use. Legal ownership not must but machine should at least be ready to use-ITAT

10 years ago

Depreciation claim disallowed-defective machine not ready to use. Legal ownership not a must but the machine if not used, should…

  • Income Tax

IDS-2016 Part-2 with 50 percent tax, lock in period for declared income with 0% interest-As reported in media

10 years ago

IDS-2016 Part-2 with 50 percent tax, lock in period for declared income with 0% interest. According to media, Govt may…

  • Income Tax

ITAT duty bound to grant relief even if no specific ground is raised or even without alternative submission-High Court

10 years ago

ITAT duty bound to grant relief even if no specific ground raised. Even without alternative submission, Tribunal must pass consequential…

  • Finance Ministry

Revised Model GST Law 2016 released by GST Council Secretariat on 25-11-2016.

10 years ago

Revised Model GST Law 2016 released by GST Council Secretariat on 25-11-2016. The Central / State Goods and Services Tax…

  • RBI

No revision in cash withdrawal limit including ATM. The weekly limit of Rs 24000 was to be reviewed on 24-11-2016

10 years ago

No revision in cash withdrawal limit including ATM. The limit of Rs 24000 was to be reviewed on 24-11-2016 as…

  • Finance Ministry

Languages printed on Indian banknotes other than hindi english as part of design and matter of convention in terms of Section 25 of RBI Act

10 years ago

Languages printed on Indian banknotes other than hindi english (17 in total) as part of design and matter of convention…

  • Finance Ministry

ATM operating agencies-companies by Public Sector Banks. Total ATMs for Scheduled Commercial Banks as on June 30, 2016 is 201334

10 years ago

ATM operating agencies-companies by Public Sector Banks. Total ATMs for Scheduled Commercial Banks as on June 30, 2016 is 201334…