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Land within municipal limits can not be treated agricultural based on revenue record. Revision u/s 263 upheld for assessment based on wrong DVO report – Allahabad High Court ABCAUS Case Law Citation: ABCAUS 1195 (2017) (04) HC Assessment Year : 2004-05 Date/Month of Pronouncement: March, 2017 Brief Facts …
CBEC FAQ on GST Migration Process FAQs on GST Migration Process Q1. I am an existing PAN-based Service Tax (ST) and Central Excise (CE) assessee, and wish to enroll in GST. I have business premises and factories in the State of Telangana. Through the ACES portal, I received the …
Revision us 263 on reasons unconnected with grounds of reopening which was for specific purpose. Calcutta High Court upholds revision by CIT In a recent judgment, Kolkata High Court has upheld revision u/s 263 by CIT on reasons unconnected with grounds of reopening which was for specific purpose. …
Interest rates reduction except Post Office Savings Account Schemes. Small savings schemes continue to be attractive compared to bank deposits The Union Government has announced revised rates of interest on Small Savings Schemes for the First Quarter of 2017-18 to bring them somewhat closer to market rates …
Corporate Voluntary Liquidation Process Regulations notified by Insolvency and Bankruptcy Board of India. Regulations effective from 1st April, 2017 Insolvency and Bankruptcy Board of India notifies Corporate Voluntary Liquidation Process Regulations The regulations shall come into effect from 1st April, 2017 The Insolvency and Bankruptcy Board of India …
CBDT APA Program crosses 150 Milestone. Total number of Advance Pricing Agreements (APAs) entered into by the CBDT has reached 152. Ministry of Finance Central Board of Direct Taxes (CBDT’s) APA Program crosses the 150 Milestone The Central Board of Direct Taxes (CBDT) has entered into 9 Advance …
ICAI Expert Panel for Addressing Bank Branch Audit Queries for FY 2016-17 by Online email support to members from April 1st, 2017 till April 15th, 2017 ICAI Announcement AUDITING AND ASSURANCE STANDARDS BOARD CONSTITUTES EXPERT PANEL FOR ADDRESSING BANK BRANCH AUDIT RELATED QUERIES FOR THE FINANCIAL YEAR 2016-17 …
Income tax issues reported by ICAI considered positively by Income Tax Department ICAI Announcement Income tax Department considers issues reported by ICAI positively 1. Reactivation of the link ‘Know your PAN/TAN/A.O.’ at the website of Income-tax department Some recent changes were reported by the members at the E filing …
CBDT notifies new Income Tax Return Forms for AY 2017-18 Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 31st March, 2017. PRESS RELEASE CBDT notifies new Income Tax Return Forms for AY 2017-18 The Central Board of Direct Taxes has …
Last date for filing PMGKY-2016 declaration extended to 10-04-2017 if tax, surcharge, penalty, deposit made by the closing hours of 31st March, 2017 Circular No. 12 of 2017 F.No.370142/33/2016-TPL(Part) Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes (TPL Division) *** Dated: 31st …
