Author: administrator

Procedure e-filing Form 27BA for TCS defaults correction for short-non deductions defaults and Role of Accountant. CBDT Notification-12/2016

Procedure e-filing Form 27BA for TCS defaults correction for short-non deductions defaults and Role of Accountant. CBDT Notification F. No. DGIT(S)/CPC(TDS)/NOTIFICATION/2016-17 Government of India Ministry of Finance Central Board of Direct Taxes Directorate of Income-tax (Systems) New Delhi. Notification No. 12/2016 New Delhi, 8th December, 2016 Subject: – Procedure …

e-Payment Incentives-Cheaper Petrol Free insurance No service tax up to Rs 2000 per transaction, Toll Plaza Rail retiring rooms/MST discount-Finmin

e-Payment Incentives-Cheaper Petrol Free insurance No service tax up to Rs 2000 per transaction, Toll Plaza and  rail retiring rooms/MST discount-Promotion for cashless transactions by Finmin Finance Ministry Press Release Dated: 08-12-2016 Package for Promotion of Digital and Cashless Economy In the aftermath of the cancellation of the …

Gujarish film promotion expenses by Hrithik Roshan disallowed. Amount paid to TV show Saregama contestants was not professional expenses

Gujarish film promotion expenses by Hrithik Roshan disallowed. Amount paid to TV show Saregama contestants voluntarily was not connected to his profession-ITAT ABCAUS Case Law Citation: ABCAUS 1078 (2016) (12) ITAT Assessment Year: Brief Facts of the Case: In the present case, both the appellant assessee (Hrithik Roshan) …

Business promotion personal nature gift expenses disallowance without specifying any specific items not connected with business activity deleted by ITAT

Business promotion personal nature gift expenses disallowance without specifying any specific items not connected with business activity deleted by ITAT ABCAUS Case Law Citation: ABCAUS 1077 (2016) (12) ITAT Assessment Year: 2011-12 Date of Judgment: 01-12-2016 Brief Facts of the Case: During the assessment proceedings, The Assessing Officer …

Demonetisation irregularities-CBDT facing man-power shortage. CBDT Chairman asks PrCCITs to spare AOs and Inspectors for Investigation Wing

Demonetisation irregularities-CBDT facing man-power shortage. CBDT Chairman asks PrCCITs to spare AOs and Inspectors for Investigation Wing After the demonetisation and withdrawal of Old currency notes of Rs. 500/- and Rs. 1000/-, the Investigation Directorates of the Income Tax Departments have intensified enforcement actions in detecting serious irregularities. …

CA CS application accepted for mediation conciliation empanelment. List in other categories ie. Legal Practitioners, ICLS, Justice-Southern Region

CA CS application accepted for mediation conciliation empanelment. List in other categories ie. Legal Practitioners, ICLS, Justice-Southern Region-RD Office Government of India Ministry of Corporate Affairs Office of the Regional Director Southern Region  Chennai V Floor, “A” Wing, Shastri Bhawan, 26, Haddows Road, Chennai-600006 F No.3/RD/M & C-Applications/25/2016-17 …

IEPF challans to be generated-filed online only. Offline challans not generated on MCA-21 Portal discontinued from 15-12-2016.

IEPF challans to be generated-filed online only. Offline challans not generated on MCA-21 Portal discontinued from 15-12-2016. General Circular No. 13/2016 No. 05/05/2016-IEPF Government of India Ministry of Corporate Affairs 5th Floor, “A” Wing, Shastri Bhawan, Dr. R. P. Road New Delhi-110001 Dated: 05.12.2016 To All Stakeholders, Nodal …

Customer due diligence for re-activation of dormant bank accounts. Ensuring genuineness of transaction, signature verification and identity-RBI

Customer due diligence for re-activation of dormant bank accounts. Ensuring genuineness of transaction, verification of signature and identity – RBI Reserve Bank of India Requirement of customer due diligence and need for maintenance of records RBI/2016-17/173 DBR.AML.BC.No.44/14.01.001/2016-17 December 06, 2016 All Regulated Entities (REs) Dear Sir/Madam, Requirement of …