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Tax Exemption to Startups in recent past. Introduction of new section 54EE 54GB 80-IAC. Angel investors funding exemption etc. Tax Exemption to Startups Various tax exemptions have been given to Startups in the recent past – Following direct tax incentives were provided in Income-tax Act,1961 (‘the Act’) to …
Merchant Navy salary of non-resident in NRE account in Indian Bank not taxable if services rendered outside India on a foreign ship-CBDT Circular 13/2017 as amended by Circular No. 17/2017 F. No: 500/07/2017-FT & TR-V Government of India Ministry of Firlance Department of Revenue Central Board of Direct …
No pension from May 2017 if Jeevan Pramaan patra not submitted either digitally or in paper form along with clarification for non digital form – EPFO Employees‘ Provident Fund Organisation (Ministry of Labour & Employment, Govt. Of India) No. Pension – 1/17(10)/201 6-17/Jeevan Pramaan 201 …
Reopening for cash deposits for non response to notice u/s 133(6) is illegal where assessment was completed u/s 143(3)/147 and 4 years have lapsed. Soon after the demonetization, the Income Tax Department (‘Department’) had launched a scheme called “operation Clean money” for online verification of cash deposits in …
Revised timelines for completion of due diligence under Rule 114H(8) under alternative procedure of FATCA self-certifications to be provided till 30-04-2017 Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS RELEASE New Delhi, 11th April, 2017. Timelines for Closure of financial accounts …
Digitally signed E-PAN card can be submitted as proof of identity to other agencies electronically. CBDT issues PAN and TAN within 1 day to companies. Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS RELEASE New Delhi, 11th April, 2017. CBDT issues …
Government makes compliance of Labour Laws and Rules easy by doing away with overlapping fields and reduce the number of forms. Ministry of Labour & Employment 10-April, 2017 Government makes compliance of Labour Laws and Rules easy Government reduces number of forms and Reports from 36 to 12 …
MCA Public Notice to strike off more than 2 lakhs companies u/s 248(1) for non commencement or carrying on of business. Objection to be filed within 30 days. FORM No. STK – 5 PUBLIC NOTICE ————– Ministry of Corporate Affairs has hosted on its website Public Notice (Form …
Despite more than prescribed Trucks-income computed u/s 44AE at rates prescribed in the section with benefits of salary & partner’s interest-ITAT Order ABCAUS Case Law Citation: ABCAUS 1208 (2017) (04) ITAT The Grievance: In the instant case, both the assessee and the Revenue were in cross-appeals against order …
MCA Induction Material-Functions of Sections Cells Units. Brief Profile, overview and organisational chart GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS INDUCTION MATERIAL (Prepared by Coordination Section) (Corrected upto 31st March, 2017) CONTENTS S.No. Description Page No. A. An Overview 4-8 B. Functions of Sections/Cells/Units 1 Administration –I 9-10 …
