administrator, Author at Abcaus

Form 10B income accumulation amount inadvertent mistake. Income Tax authorities were misconceived in denying the claim for the difference-ITAT

administrator January 26, 2017 Income Tax, ITAT, Judgments

Form 10B income accumulation amount inadvertent mistake. Income Tax authorities were misconceived in denying the claim for the difference-ITAT ABCAUS Case Law Citation: ABCAUS 1110 (2017) (01) ITAT Assessment Year : 2003-04 Date of Pronouncement: 20-01-2017 Brief Facts of the Case: The assessee was a charitable trust …

Income Tax Basic Exemption Limits AY 2018-19. 5% tax rate for income up to Rs. 500000/- Rebate u/s 87A reduced to Rs. 2500/-

administrator January 26, 2017 budget-2017, Income Tax

Income Tax Basic Exemption Limits AY 2018-19. 5% tax rate for income up to Rs. 500000/- Rebate u/s 87A reduced to Rs. 2500/- As forecasted by ABCAUS, the tax rate has been reduced to 5% for first income tax slab and rebate u/s 87A has been pegged at Rs. …

Form-10 income accumulation delay condonation. When sufficient material is before AO, insistence on the form not warranted-ITAT

administrator January 25, 2017 Income Tax, ITAT, Judgments

Form-10 income accumulation delay condonation. When sufficient material is before AO, insistence on the form not warranted as held by Allahabad High Court-ITAT ABCAUS Case Law Citation: ABCAUS 1109 (2017) (01) ITAT Assessment Year : 2010-11 Date of Pronouncement: 11-01-2017 Important Case Laws Cited/relied upon: CIT Vs …

Guidelines-Disabled Persons showing Respect to National Anthem. Blinds and Deafs to show respect, persons with intellectual disabilities exempted

administrator January 25, 2017 Government

Guidelines-Disabled Persons showing Respect to National Anthem. Blinds and Deafs to show respect, persons with intellectual disabilities exempted Ministry of Social Justice & Empowerment Press Release Dated: 25th January, 2017 Guidelines Prescribing Modalities for Persons With Disabilities to Show Respect to The National Anthem In pursuance of the …

List of Agreements-MOUs exchanged during the State visit of Crown Prince of Abu Dhabi to India

administrator January 25, 2017 Government

List of Agreements-MOUs exchanged during the State visit of Crown Prince of Abu Dhabi to India Prime Minister’s Office Press Release Dated: 25/01/2017 S. No. Name of Agreement/MoU Details 1. Agreement on Comprehensive Strategic Partnership between the Republic of India and the UAE This is a general framework …

Taxing transaction of 50000 or more-No Final Decision taken as per recommendations of Chief Ministers Committee on Digital Payments

administrator January 25, 2017 Finance Ministry

Taxing transaction of 50000 or more-No Final Decision taken as per recommendations of the Committee of Chief Ministers on Digital Payments Ministry of Finance Dated: 25th January, 2017 Press Release No Final Decision taken on the Recommendations of the Committee of Chief Ministers on Digital Payments constituted under …

Retirement funds received by partner of firm not taxable and not in the nature of goodwill also-ITAT

administrator January 25, 2017 Income Tax, ITAT, Judgments

Retirement funds received by partner of firm not taxable and not in the nature of goodwill also. Receiving of money on retirement from firm is exempt-ITAT ABCAUS Case Law Citation: ABCAUS 1108 (2017) (01) ITAT Assessment Year : 2004-05 Date of Pronouncement: 05-01-2017 Important Case Laws Cited/relied upon: …

VPBY Scheme 2017-Varishtha Pension Bima Yojana for elderly persons aged 60 years and above with guaranteed return of 8% pa

administrator January 24, 2017 Finance Ministry

VPBY Scheme 2017-Varishtha Pension Bima Yojana will be implemented through LIC for elderly persons aged 60 years and above with guaranteed return of 8% pa Ministry of Finance Dated: 24/01/2017 Press Release Varishtha Pension Bima Yojana – 2017 The Union Cabinet chaired by the Prime Minister Shri Narendra …

Two Separate Directorate of Income Tax-Tax Payer Services-I & II to be set up by re-designating DIT (TDS) and DIT (lnfra-3)

administrator January 24, 2017 Income Tax

Two Separate Directorate of Income Tax-Tax Payer Services-I & II to be set up by re-designating DIT (TDS) and DIT (lnfra-3) F.No. A-11011/02/2015-Ad.VII Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes *** New Delhi, the 24th January, 2017 Order No. 01/Ad.VII/2017 Subject: …

Transfer of unlisted shares by SEBI registered Category I & II AIFs- Income tax treatment. CBDT fresh directions