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Share application money circular transaction addition u/s 68 deleted where loan creditors had subscribed

Share application money circular transaction addition u/s 68 deleted where loan creditors had subscribed out of the loans repaid by the company-ITAT upholds findings of CIT(A) as identity, genuineness of transaction and creditworthiness of subscribers were not doubted Prelude: Section 68 of the Income Tax Act, 1961 (Act) contains provisions …

Filing of returns under GST-CBEC Clarification with consolidated information in various notifications/circulars

Filing of returns under GST-CBEC circular. Clarification with consolidated information in various notifications and circulars regarding GST return filing  Circular No. 26/26/2017-GST F. No. 349/164/2017/-GST Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs GST Policy Wing New Delhi, Dated the 29th …

Operation Clean Money-details of work carried out in the campaign

Operation Clean Money-details of work carried out in the campaign Press Information Bureau  Government of India Ministry of Finance 29-December-2017 17:39 IST Operation Clean Money  As a part of post-demonetisation exercise, Income Tax Department had to analyse cash deposit data and seek information to identify possible cases of …