Author: administrator
No concealment if income returned and accepted is same where assessee surrenders income at survey action before the end of the financial year – ITAT ABCAUS Case Law Citation: ABCAUS 2390 (2018) 07 ITAT The instant appeal was preferred by the Revenue against the order of Commissioner of …
Rectification u/s 154 for difference of receipt with TDS certificates not permissible as the difference in receipts requires investigation and enquiry and not a case of obvious and patent mistake – ITAT ABCAUS Case Law Citation: ABCAUS 2389 (2018) 06 ITAT The instant appeal was preferred by the …
UPA Model of GST was flawed – Ex Finance Minister Arun Jaitely On the occasion of GST Day (1st July) the Ex Finance Minister Arun Jaitely has tried to convince people that UPA Model of GST was flawed. No wonder, Shri Jaitely must be very conscious that GST was …
CBDT further extends time to link PAN with Aadhaar to 30th June 2018. Section 139AA requires quoting of Aadhaar number for filing of income tax returns. F.No.225/270/2017/ITA.II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North-Block, ITA.II Division New Delhi, dated the 30th …
1st July 2018 to be celebrated as ‘GST day’, to commemorate the first year of the unprecedented reform of Indian taxation GST is a fitting tribute to spirit of cooperative federalism as all decisions in the 27 meetings of GST Council taken by consensus GST – ‘ONE NATION, …
Shri S. Ramesh takes over as Chairman, Central Board of Indirect Taxes and Customs Shri S. Ramesh, IRS (C&CE:1981) has taken over as Chairman, Central Board of Indirect Taxes and Customs , on superannuation of Smt. Vanaja N. Sarna today . Prior to his elevation, he was Member …
Its easy to file Income Tax Return in Form No. ITR-1 SAHAJ. Income Tax Department asks taxpayers not to wait till 31st July to file their return of income. Its easy to file Income Tax Return in Form No. 1 SAHAJ Income Tax Department has issued an advisory …
RBI enforcement action framework for debarring statutory bank auditors for lapses in audit of commercial banks-Salient Features and Procedures As per Press Release issued in this regard, RBI has stated that Statutory Auditors (SAs) of banks play an important role in contributing to financial stability when they deliver quality …
Assumption that all deposits in Swiss Banks are black money is history. Ex Finance Minister defends Modi Government on the news of 50 % increase in Indian deposits in Swiss banks. Interestingly, the black money abroad was one of the election agenda of the BJP and bringing back …
GST on Priority Sector Lending Certificate (PSLC) to be under Reverse Charge Mechanism (RCM). GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) Notification No. 11/2018-Central Tax (Rate) New Delhi, the May 28th 2018 G.S.R. (E).- In exercise of the powers conferred by sub-section (3) of section 9 …