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Bank to mention old-new currency deposits in counterfoils and educate customers to fill-up cash deposit slips showing old or new currency with denomination – Finance Ministry The Ministry of Finance through a letter to all the MDs &CEOs/CMDs of PSBs and Chairman, IBA directs that all the bank branches …
Peak Credit theory additions apply for unexplained cash deposits or where assessee fails to give satisfactory explanation and amount is sought to be added u/s 68 69-ITAT ABCAUS Case Law Citation: ABCAUS 1081 (2016) (12) ITAT Important Case Laws cited: CIT vs. K. Chinnatharmban (292 ITR 682)(SC) Manoj …
ICAI KYC Norms mandatory for practicing CAs for all assignments pertaining to attest functions of all type of clients w.e.f 01-01-2017 ICAI ANNOUNCEMENT OF KYC NORMS All the members of Institute of Chartered Accountants of India (ICAI), who are in practice, are hereby informed that the Council has …
Peak Credit theory additions ordered despite details not provided, evidence not furnished for the purposes of withdrawals from bank account-ITAT ABCAUS Case Law Citation: ABCAUS 1080 (2016) (12) ITAT Brief Facts of the Case: The return of income of the assessee was selected for scrutiny under the CASS …
Fake Audio Clip of ICAI President on demonetization tax reforms etc. ICAI Announcement Clarification – Fake Audio Clip in circulation under the name of President, ICAI It has been brought to our attention that a fake audio containing views on economic matters, inter alia, demonetization, tax reforms etc. …
Shortlisted applicants-Mediator Conciliator empanelment Hyderabad. List of 65 CA, CS, CMA Advocates etc. released by Regional Director South East Region, MCA Sl No. Date of Receipt Application Name, Address of the Applicant Qualification of the Applicant Experience Download Full List Click Here >>
No re-opening of earlier years cases due to digital payments leading to increased turnover in a particular year. Circular No. 40/2016 Government of India Ministry of Finance Department of Revenue (CBDT) North Block, New Delhi, the 9th of December, 2016 Subject: – Directions under section 119 of the …
Committee on Digital Payments submits Final Report to the Union Finance Minister. The Committee had earlier submitted an Interim Report-Press Release Ministry of Finance 9th Dec-2016 Press Release Committee on Digital Payments headed by Shri. Ratan P Watal, Principal Advisor, NITI Aayog and former Finance Secretary submits its …
Person with disabilities need not stand-up for National Anthem. Doors of Cinema Halls need not be bolted-Supreme Court modifies its order. ABCAUS case Law Citation: 1079 (2016)(12) SC On 30th November-2016, The Hon’ble Supreme Court had as interim measure, issued several directions with respect to playing of National …
Shares acquisition process tender-offers for Takeovers Buy Back Delisting of Securities. Direct Transfer to account maintained by clearing corporation-SEBI Securities & Exchange Board of India CIRCULAR CFD/DCR2/CIR/P/2016/131 …
