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RBI action plan to implement Banking Regulation Amendment Ordinance 2017. Current guidelines to be modified to resolve large stressed assets. Reserve Bank of India Date : May 22, 2017 Reserve Bank of India Outlines the action plan to implement the Banking Regulation (Amendment) Ordinance, 2017 In a Release …
GST will lead to lower tax burden in several commodities including packaged cement, Medicaments, Smart phones, medical devices, surgical instruments Ministry of Finance 23rd May, 2017 Press Release Goods and Services Tax (GST) will lead to lower tax burden in several commodities including packaged cement, Medicaments, Smart …
Entertainment Services under GST to have lower tax incidence. Service providers eligible for full Input Tax Credits of GST paid for inputs Ministry of Finance 23-May, 2017 Press Release Lower Tax Incidence on Entertainment Services under Goods and Services (GST) Tax Service providers shall be eligible for full …
Bogus Purchases-AO cannot sit back and make addition without enquiry simply relying on information from Sales Tax Deptt. and issuing notices u/s 133(6)-ITAT ABCAUS Case Law Citation: ABCAUS 1258 (2017) (05) ITAT The Grievance: The instant case deal with four appeals. Common grievance of all the assessee pertained …
Change in CA Firm Constitution on Account of Partner Leaving and Allied Issues. ICAI forms groups to review the decisions Formation of a Group for Reviewing the Decision Regarding Noting of Change in Constitution on Account of Leaving of Partner of Firm and Allied Issues No.M-626/17/2017 22nd May, …
CBDT signed two Unilateral APA with Indian taxpayers related to chip design/development of embedded software and IT software development sectors Central Board of Direct Taxes (CBDT) signs 2 Unilateral Advance Pricing Agreements (APA) with Indian taxpayers taking the number of APAs signed in the current Financial Year to …
Penalty 272A(2)(k)-Accountant left services was reasonable cause. If TDS + interest paid and statements filed though belatedly there was no loss to Revenue – ITAT ABCAUS Case Law Citation: ABCAUS 1257 (2017) (05) ITAT The Grievance: The appellant assessee was aggrieved by the order passed by the Commissioner …
Handling-distribution loss in dealing wholesale poly pack milk allowed. The nature of business demanded such losses and the percentage incurred was consistent. ABCAUS Case Law Citation: ABCAUS 1256 (2017) (05) ITAT The Grievance: The appellant assessee was aggrieved by the order passed by the Commissioner of Income Tax …
24 Hour Free Wi-Fi facility at 28 Railway Stations of Konkan. JOISPOT Free Wi-Fi mobile app to provide 2 MBPS high speed wireless internet with unlimited upload Ministry of Railways 21-May, 2017 Press Release Inauguration of Free Wi-Fi facility at 28 Railway Stations Minister of Railways Shri …
ECI EVM Challenge-doubts could only become more appalling than irrelevant. Only external wireless device/Transmitter can be used to alter the EVMs. Election Commission of India (ECI) has finally bowed down to the demand of the political parties to accept a challenge to show that EVMs are actually not …
