Author: administrator
Prosecution against accountant u/s 276 B for delay in deposit of TDS quashed. The Court asked why instead of treating directors as principal officers the Income Tax Department was hell-bent in prosecuting its small-time employee. The Court warned the ITO that false deposition can make him face criminal …
Draft Customs Finalisation of Provisional Assessment Regulations 2018-CBIC invites Comments. Government of India Ministry of Finance Department of Revenue (Central Board of Indirect Taxes and Customs) ***** Notification No.—-/2018-Customs (N.T.) New Delhi, the ___June, 2018 G.S.R.—(E). – In exercise of the powers conferred by clause (d) of section 157 …
No loss damage to Nirav Modi Mehul Choksi case records-CBDT Clarification on fire at Income Tax Office, Mumbai News reports have been appearing in some sections of the media alleging that records & documents relating to investigation into the Nirav Modi/Mehul Choksi case have been destroyed in the …
Frequently Asked Questions GST on Banking Insurance and Stock Brokers Sector. CBIC has released a comprehensive FAQs consisting of 91 questions on three sectors BANKING SECTOR Question 1. Whether Banks are required to capture the details of ATMs in registration certificate as a ‘place of business’? Answer No. Banks are not …
Notice u/s 148 issued by ITO having jurisdiction over bank where assessee had account was held legal in view that there could be concurrent jurisdiction of two or more AOs over a particular assessee in terms of sub-section Section 120 (3) The instant Petition had been filed for …
RBI withdraws Exemptions Granted to Government Owned NBFCs RESERVE BANK OF INDIA RBI/2017-18/181 DNBR (PD) CC.No.092/03.10.001/2017-18 May 31, 2018 All Government NBFCs Madam/ Sir, Withdrawal of Exemptions Granted to Government Owned NBFCs Government owned companies, as defined under Clause (45) of Section 2 of the Companies Act, 2013 …
CIT u/s 263 can not revise order passed by Commissioner Appeals to examine the same issue as assessment order made by Assessing Officer got merged with the order of the Appellate Commissioner. The instant appeals were filed by the Revenue challenging the orders passed by the Income Tax …
Launch of Online Analytical Tool to monitor foreign contributions under FCRA Union Home Minister Shri Rajnath Singh launches Online Analytical Tool to monitor foreign contributions under FCRA Union Home Minister Shri Rajnath Singh here today launched an Online Analytical Tool to facilitate closer monitoring of the flow and …
ICAI withdraws Guidance Note on Accounting for Real Estate Transactions (for entities to whom Ind AS is applicable) The ICAI had issued a Guidance Note on Accounting for Real Estate Transactions (for entities to whom Ind AS is applicable), in May 2016, applicable to all projects in real estate …
Income accumulated us 11(2) not deemed income when transferred from capital fund account to the income and expenditure account for utilisation within time allowed u/s 11(3)(c)-ITAT The instant appeal was preferred by the Revenue against the order passed by the Commissioner of Income Tax (Appeals) in deleting the …
