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Reopening assessment us 147/148 for verification of details illegal The Assessing Officer merely sought to reopen the assessment for verification of the details, which is not contemplated under section 147 of the Act. This was held by ITAT in a recent judgment. ABCAUS Case Law Citation: 939 2016 …
Google notice-Publishers to deposit 6 Percent Equalisation Levy Hello, This is to inform you that as per the Notification No. 37/ 2016: F.No. 370142/12/2016-TPL dated 27 May 2016 read with Finance Act, 2016, Government of India has levied an ‘Equalisation Levy’ on provision of online advertisement services or any …
ICAI Disciplinary Action against three Members for Mis-conduct in terms of Section 21B 3 and 21A 3 of the Chartered Accountants Act 1949 THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA (Set by up an Act of Parliament) NOTIFICATION New Delhi, the 6th June, 2016 (CHARTERED ACCOUNTANTS) No. DD/174/10/DC/320/2014.—In …
Share STCG not become business income by employment of Portfolio Management Service (PMS) for investment in shares. This was held in a recent judgment by ITAT placing reliance on two High Court’s verdicts. ABCAUS Case Law Citation: 938 2016 (06) ITAT Date of Judgment: June, 2016 Brief Facts of the …
Due dates for e-filing form 15G 15H F.No. DGIT(S)/CPC(TDS)/DCIT/15GH/2016-17/4539 Government of India Ministry of Finance Central Board of Direct Taxes Directorate of Income-tax (Systems) New Delhi. Notification No 9/2016 Dated: 09th June, 2016 Subject: Simplification of procedure for Form No. 15G & 15H –Clarifications -reg The existing provisions …
Circular No. 26/ 2016 – Customs F. No. 484 / 30 / 2016- LC Govt. of India Ministry of Finance Department of Revenue Central Board of Excise & Customs ************** New Delhi, dated 9th June 2016 To, All Principal Chief Commissioners Customs, All Principal Chief Commissioners of Customs …
In a recent judgment, ITAT has held that the sale of shares by the assessee was not business income but short term capital gain in view of the over all facts and in particular as per CBDT lates circular in this regard. ABCAUS Case Law Citation: 937 2016 …
SEBI warns public-Trading tips by SMS, websites or social media. Action taken against 10 entities for providing advice to public without registration Securities & Exchange Board of India SEBI cautions public to deal with only SEBI registered investment advisers and research analysts The general public is hereby cautioned …
Warehoused goods electronic record maintenance Circular No 25 /2016-Customs F. No. 484 / 03 / 2015 – LC (Pt 1) Government of India Ministry of Finance Department of Revenue Central Board of Excise & Customs ****** New Delhi, the 8th June 2016. To, All Principal Chief Commissioners Customs, …
FAQ-TCS us 206C on Sale of Motor Vehicles CBDT Circular 22/2016. Clarifications regarding applicability of Amendment made by Finance Act 2016 Circular No 22/ 2016 F.No 370142/ 17/2016-TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes (TPL Division) *** Dated 8th, June …
