Author: administrator

Time Limit reduced-Assessment completion revised return filing. 18-12 Month for assessment and end of the relevant AY for revised returns

Time Limit reduced-Assessment completion revised return filing. 18-12 Month for assessment and end of the relevant AY for revised returns Budget 2017-18 : Rationalisation of time limits for completion of assessment, reassessment and re-computation and reducing the time for filing revised return The existing provisions of section 153 specify …

ITR Processing within prescribed time and withholding refund. Section 143(1D)not to apply to return filed for AY 2017-18 onwards

ITR Processing within prescribed time and withholding refund. Section 143(1D)not to apply to return filed for AY 2017-18 onwards Budget 2017-18 : Processing of return within the prescribed time and enable withholding of refund in certain cases The provisions of sub-section (1D) of section 143 provide that the …

Increase in threshold limit-books of accounts maintenance us 44AA for Individuals and HUF. New threshold for income 2.5 lakhs and for turnover Rs. 25 lakhs

Increase in threshold limit-books of accounts maintenance us 44AA for Individuals and HUF. New threshold for income 2.5 lakhs and for turnover Rs. 25 lakhs Budget 2017-18 : Increase in threshold limit for maintenance of books of accounts for Individuals and HUF The existing provisions of clause (i) and …

Political Parties not to accept cash donations of Rs 2000 or more. Amendment to section 13A by Budget 2017-18 Provisions

Political Parties not to accept cash donations of Rs 2000 or more. Amendment to section 13A made by Budget 2017-18 Provisions TRANSPARENCY IN ELECTORAL FUNDING The existing provisions of section 13A of the Act, inter-alia provides that political parties that are registered with the Election Commission of India, are …