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Sale deed between wife-husband held as colourful device to avoid tax liabilities. Exemption u/s 54F denied on the basis of relinquishment deed by husband-ITAT ABCAUS Case Law Citation: ABCAUS 1088 (2016) (12) ITAT Important Case Laws cited: CIT vs Macdowell Ltd. (SC) CIT vs. T.N. Aravinda Reddy (SC) …
Disallowance us 14A for practicing Senior Advocate of Supreme Court deleted as AO was not dissatisfied with correctness of the claim made by assessee-ITAT ABCAUS Case Law Citation: ABCAUS 1087 (2016) (12) ITAT Important Case Laws cited: CIT vs. Taikisha Engineering Ltd. Brief Facts of the Case: The …
PMGKY 2016-Tax Penalty Surcharge and Deposit in Old Bank notes can be made through Challan No. ITNS-287 up to 30-12-2016 Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 22nd December, 2016. Press Release Payments towards Tax, Penalty, Surcharge and Deposit …
Depositories to provide promoters transaction data to stock exchanges daily for dissemination of the necessary disclosures. CIRCULAR CFD/DCR/CIR/2016/139 …
Potential non income tax return Filers for FY 2014-15 identified on the basis of AIR, CIB and TDS/TCS databases using Non-filers Monitoring System NMS Ministry of Finance Dated: 22/12/2016 Press Release Income Tax Department Identifies 67.54 lakh Potential Non-Filers for F.Y. 2014-15 The Non-filers Monitoring System (NMS) was …
Code of Conduct for ICAI Representatives elected Co-opted or Nominated wef 01-01-2017 in addition to Code of Ethics applicable to the members Institute of Chartered Accountants of India has issued ICAI Code of Conduct for elected, Co-opted and Nominated Representatives . The Code shall come into force from 1st …
Mandatory wage payment by cheque-bank transfers only-Govt denies any such amendment to Wages Act. Cash Payment Option still available. Ministry of Labour & Employment Dated: 21-12-2016 Press Release Government Clarification on Amendment to Payment of Wages Act It is seen from the media reports that there is a …
FAQ Indirect Transfer provisions income deemed to accrue arise in India u/s 9(1)(i). Clarification issued by CBDT Circular No.41 of 2016 F.no. 500/43/2012-FT&TR Government of lndia Ministry of Finance Department of Revenue Central Board of Direct Taxes (FT&TR-Division) Clarifications on Indirect Transfer provisions under the lncome Tax Act. …
Rs 5000 one time deposit circular withdrawn by RBI. Earlier it was mandated that above Rs. 5000 old bank notes can be deposited once only Withdrawal of Legal Tender Character of existing ₹ 500/- and ₹ 1000/- Bank Notes (Specified Bank Notes) – Deposit of Specified Bank Notes …
Capital gain deduction us 54 54F allowable for belated returns u/s 139(4). Value of stamp duty authorities us 50C(3) to be adopted if DVO value is more ABCAUS Case Law Citation:ABCAUS 1086 (2016) (12) ITAT Brief Facts of the Case:The assessee was an individual deriving income from business, …
