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TCS us 206C1D applicable on cash component of payment only. In case of part payment in cash and part in cheque Threshold Limit apply on cash part only

TCS us 206C1D applicable on cash component of payment only Circular No. 23/2016 F. No.370142/17 /2016-TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes (TPL Division) New Delhi, dated the 24th June, 2016 Subject: Amendment in Section 206C of the Income-tax Act vide Finance …

Finance Minister Statement-Brexit United Kingdom Referendum. We are well prepared to deal with the short and medium term consequences of Brexit

Government of India Ministry of Finance Press Release dated 24-06-2016 Text of the Statement by the Union Finance Minister Shri Arun Jaitley on the United Kingdom Referendum; FM: We are well prepared to deal with the short and medium term consequences of Brexit;. Our macro-economic fundamentals are sound …

Action Taken on observations/Recommendations of PAC on Non-compliance in timely submission of Action Taken Notes on the Non-Selected Audit Paragraphs

No. 12(7)/E.Coord/2016 Government of India Ministry of Finance Department of Expenditure **** North Block Delhi Dated: 22nd June, 2016. OFFICE MEMORANDUM Subject: Action Taken on the observations/Recommendations of the Public Accounts Committee contained in their Forty Second Report (16th Lok Sabha) on “Non-compliance by the Ministries/Departments in timely …

HUF not but Karta can become Partner/Designated Partner in Limited liability partnership. MCA clarification to ICAI

F.No. 1/1 3/2012 CL-V Government of India Ministry of Corporate Affairs 5th Floor, ‘A’ Wing, Shastri Bhavan Dr. R.P.Road, New Delhi-110001 Dated: 27.05.2016 To, Sri Dhinal Shah, Chartered Accountant Chairman, Laws & Corporate Governance Committee ICAI, ICAI Bhawan Indraprastha Marg New Delhi-110002 Subject: Regarding HUF/Karta can become Partner/Designated …

Depreciation disallowed when entire asset block not put to use during the year. Claim that asset once entered block depreciation should be allowed dismissed

Depreciation disallowed when entire asset block not put to use during the year. The Claim that asset once entered block, depreciation should be allowed dismissed by ITAT ABCAUS Case Law Citation: 958 2016 (06) ITAT Assessment Year: 2007-08 Date of Judgment/Order: June, 2016 Brief Facts of the Case: …