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Monetary limits for filing of Income Tax appeals before ITAT, High Court and Supreme Court increased further by CBDT. Read Circular Circular No. 17/2019 F. No. 279/Misc. 142/2007-ITJ(Pt.)Government of India Ministry of Finance Department of Revenue Central Board Direct Taxes Judicial Section New Delhi, 8th August 2019 Subject: …
No disallowance for cash payments u/s 40A(3) if genuineness of transactions and identity of the payee is established. ITAT deleted addition ABCAUS Case Law Citation:ABCAUS 3107 (2019) (08) ITAT Important case law relied upon by the parties:Girdharilal Soni vs. CIT reported in 179 ITR 111 (Cal).Attar Singh Gurmukh …
Allahabad Bank Concurrent / Revenue Audit for the Year 2019-20 Last date 14th August, 2019 Allahabad Bank invites applications as per prescribed format from practicing firms of Chartered Accountants firms/Retired Officials of Allahabad Bank who are willing for empanelment as Concurrent / RevenueAuditor in the Bank. The panel …
Disclosure of reasons for encumbrance by promoter of listed companies. Additional disclosure requirements under SEBI Takeover Regulations Securities and Exchange Board of India CIRCULAR SEBI/HO/CFD/DCR1/CIR/P/2019/90 August 07, 2019 To,All recognised stock exchanges Dear Sir/ Madam, Sub: Disclosure of reasons for encumbrance by promoter of listed companies 1. The …
Procedure for Scrutiny assessment of Startup Companies on application of section 56(2)(viib). Clarification by CBDT Circular No. 16/2019 Government of India Ministry of Finance Department of RevenueCentral Board of Direct Taxes North-Block, New Delhi, dated the 7th of August,2019 Subject:- Clarification with respect to assessment of Startup Companies …
Launch of ITBA Refund Banker Module-Refund Blocking/ Unblocking and Revalidation Functions ITBA- Refund Banker Instruction No.1 DIRECTORATE OF INCOME TAX (SYSTEM) ARA Center, Ground Floor, E-2, Jhandewalan Extension, New Delhi -110055 F.N Pr DGIT(S)/ADG(S)2/Sign ff-OLTAS ITBA/173/2017 Dated: 07.08.2019 To All Principal Chief Commissioners of Income-tax/ CCsIT (By Name) …
Reopening for not replying to invalid and non est inquiry letter for cash deposited in bank quashed. Deposit per se cannot be income of assessee. ABCAUS Case Law Citation:ABCAUS 3106 (2019) (08) ITAT Important case law relied upon by the parties:Tajendra Kumar Ghai Vs ITO In the instant …
Addition u/s 69B for difference in stock from statement given to Bank deleted as in preceding year it was deleted following High Court judgment ABCAUS Case Law Citation:ABCAUS 3105 (2019) (08) ITAT Important case law relied upon by the parties:CIT vs. Sidhu Rice & General Mills, 281 ITR …
Facility of e-Verification (EVC) of Return (ITR) without login enabled at e-filing portal Income Tax e-filing website has launched ‘e-Verify Return’ for e-Verification of ITR without login. This facility can be accessed by clicking ‘e-Verify Return‘ button in home page under ‘Quick Links’. Steps to verify return (EVC) …
ICSI Request for inclusion of Company Secretary in the Definition of “Accountant” given under Explanation to Section 288(2) of the Income Tax Act, 1961 After the representation of The Institute of Cost Accountants of India last month, the ICSI has also demanding that company secretaries be included in …
