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Extension of time limit for furnishing FORM GSTR-2 for details of inward supplies for the month of July 2017 and August 2017 to 10th and 25th Sep 2017 respectively Government of India Ministry of Finance (Department of Revenue) (Central Board of Excise and Customs) Notification No. 19/2017 – …
Extension of time limit for furnishing details of outward supplies in FORM GSTR-1 for the month of July 2017 and August 2017 to 5th and 20th Sep 2017 respectively Note: Due date has further been extended (on 4th Sep, 2017) for GSTR-1 GSTR-2 and GSTR-3 for the month …
Disallowance u/s 37 for legal fee paid in excess of damages received in the relevant case deleted. Profit in immediate proximity not a basis of disallowance – High Court ABCAUS Case Law Citation: ABCAUS 2019 (2017) (08) HC The Grievance: The appellant revenue had filed the instant …
Travelling Expenses claimed us 57 did not attract concealment penalty particularly when untenable claim was made on the advice of an Accountant and coming to know, the assessee offered the same to taxation – High Court ABCAUS Case Law Citation: ABCAUS 2018 (2017) (08) HC The Issue: …
Increase of 25% in number of ITRs due to demonetization and Operation Clean Money. Advance Tax (Personal Income Tax) collections also up by 41% Press Information Bureau Government of India Ministry of Finance 07-August-2017 17:13 IST 25% growth in number of Income Tax Returns filed in current fiscal …
GST-Increase in maximum ceiling of cess on SUVs-Luxury cars to 25% from present 15%. Decision on when to raise the actual cess to be taken in due course by GST Council Press Information Bureau Government of India Ministry of Finance 07-August-2017 15:19 IST GST Council Recommends Increase in …
Listed entities to disclose defaults of interest or repayment of loan to banks/ financial institutions within one day to Stock exchanges-SEBI CIRCULAR CIR/CFD/CMD/93/2017 August 4, 2017 To All Listed entities All Recognised Stock Exchanges Dear Sir / Madam, Sub: Disclosures by listed entities of defaults on payment of …
Know if your PAN is active or wrongfully deactivated. How to reactivate your PAN if wrongly deactivated/cancelled by Income Tax Department Recently Income Tax Department has announced deactivation of approx 12 lakhs PAN which were found to be duplicate or fake. How to check if your PAN is …
Increase in additional fee for late filing of Annual Return-Balance sheet with ROC by the Companies (Amendment) Act, 2017 The Companies (Amendment) Act, 2017 (Bill No. 73-C of 2016) was passed by the Lok Sabha on 27/07/2017. The Act inter alia has amended section 92 related to Annual …
Penalty for failure to pay advance income tax by trust claiming exemption u/s 11 upheld when for last forty years, income was held to be taxable by ITAT- High Court ABCAUS Case Law Citation: ABCAUS 2017 (2017) (08) HC The Substantial Question of Law framed for determination: …