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BCI can not remand disciplinary proceedings transferred to it u/s 36B(1) of the Advocates Act, 1961 from the State Bar Council – Supreme Court ABCAUS Case Law Citation: ABCAUS 1202 (2017) (04) SC The Ground of Appeal: The appellant advocate contended that the time consumed in disposal …
Income tax can disclose information to Lokayukt Up-Lokayukt UP regarding assessee u/s 138(1)(a)(ii). Section 138 of the Income Tax prescribes the authorities to which the disclosure of information respecting assessee can be made by the CBDT or any other income tax authority. As per section 138(1)(a)(ii) the information …
Cash transaction limit on bank withdrawal u/s 269ST-CBDT Notification exempting cash withdrawal from bank from restriction imposed u/s 269ST TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (ii)] GOVERNMENT OF INDIAMINISTRY OF FINANCE(DEPARTMENT OF REVENUE) New Delhi, the 5th April, 2017 NOTIFICATION …
No capital gain tax on flat transferred as nominee. The assessee did not inherit the property as owner but as nominee of all legal heirs – ITAT ABCAUS Case Law Citation: ABCAUS 1201 (2017) (04) ITAT The Grievance: The assessee was aggrieved by the order passed by the …
Claim supported by affidavit cannot be rejected without any enquiry or material brought on record to disprove the claim of the assessee – ITAT ABCAUS Case Law Citation: ABCAUS 1200 (2017) (04) ITAT The Grievance: The assessee was aggrieved by the order passed by the CIT(A) confirming the …
Cash transaction limit 269ST not apply to withdrawal from bank, cooperative bank or a post office savings bank-Press Release Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxes New Delhi, 5th April, 2017 PRESS RELEASE Budget 2017 takes Steps to discourage Cash transactions & curb Black …
Requirement to quote Aadhaar as per section 139AA of the Income-tax Act shall not apply to an individual who is not a resident as per the Aadhaar Act, 2016. Ministry of Finance Mandatory Quoting of Aadhaar for PAN Applications & Filing Return of Income Section 139AA of the …
Applicability of Presumptive Tax if actual profit is more than presumptive income. Shifting from salary to professional receipts to take benefit u/s 44ADA The Income-tax Act 1961 (‘the Act’) provides for taxation of income on presumptive or deeming basis in the case prescribed businesses. Currently, the benefit of …
Panel of Mediator-Conciliator FY 2017-18 Chennai Regional Director Registrar of Companies. Application of 30 Chartered Accountants accepted. APPLICATIONS ACCEPTED UNDER THE CATEGORY OF CHARTERED ACCOUNTANT AS PER RULE (g) S. No NAME AND ADDRESS S. No NAME AND ADDRESS 1. Mahendra K Agarwal, S/o Late Gurudayal Agarwal, R/o …
Revenue Department exceeds Revised Tax Collections target for 2016-17 Ministry of Finance Revenue Department exceeds Revised Tax Collections target for 2016-17 around 18% taken together in case of Direct and Indirect Taxes; Provisional figure of Total Tax Collections in 2016-17 is Rs. 17.10 Lakh Crore as against the …