Author: administrator
CSR activities and Tobacco Industry-MCA Clarification. companies under CSR not to contravene any Law including Cigarettes, Tobacco Products Act (COTPA) 2003 MCA has issued clarification on CSR activities and Tobacco Industry. There is an inherent contradiction in corporate social responsibility and tobacco industry. COTPA aims to prohibit advertisement and regulation …
MCA-e form filing due date extension-Relaxation of additional fees for forms due for filing between 25-03-2016 to 31-05-2016. Last Date Extended 10-06-2016 General Circular No 06/2016 F No.01/34/2013 CL-V Government of India Ministry of Corporate Affairs 5th Floor. A Wing, Shastri Bhawan, Dr. Rajendra Prasad Rood, New Delhi …
Banks authorised to accept payments of Income Tax Reserve Bank of India Date : May 16, 2016 Pay IT dues in advance at RBI or at authorised bank branches – June 2016 The Reserve Bank of India has appealed to income tax assessees to remit their income tax …
The Income Declaration Scheme 2016 for domestic black money to open from 1st June 2016. Ministry of Finance-Press Release dated 14/05/2016 The Income Declaration Scheme, 2016 incorporated as Chapter IX of the Finance Act 2016 provides an opportunity to all persons who have not declared income correctly in …
FMV-No approach road and weaker sections society in colony. DVO directed to give 30% adjustments in calculating fair market value for disadvantages-ITAT Hyderabad Case Law Details: ITA.No.1782/Hyd/2011 Assessment Year 2008-2009 Smt. M. Nagarathnamma Madanapalle vs. Income Tax Officer date of Judgment/Order: 13/05/2016 Brief Facts of the Case: During …
Deemed consideration us 50C eligible for 54F exemption for capital gain purpose. Net consideration include Fair market value under deeming fiction. This was held by ITAT hyderabad in a recent judgment as under: Case Law Details: ITA.No.848/Hyd/2015 Assessment Year 2010-2011 Income Tax Officer (Appellant) vs. Kondal Reddy Mandal Reddy …
DVO Reference us 50C2 must when assessee requested. It was wrong to say that since stamp value was not challenged there was no such need. This was held in a recent judgment by ITAT Hyderabad. Case Law Details: ITA.No.708/Hyd/2014 Assessment Year 2008-2009 T. Vijayasaradhi vs. Addl. CIT Date of …
Bedridden person can have agriculture income, advance loan. Summarily Rejecting creditworthiness despite pattadar passbook without verification wrong-ITAT. This was held by ITAT Hyderabad in a recent judgment as under: Case Law Details: ITA No. 1535/Hyd/2014 (Assessment year: 2009-10) Chenna Reddy Sesha Reddy (Appellant) vs. Income Tax Officer (Respondent) Date …
Legal Heir Registration process for filing Income Tax Return. efiling process on behald of a deceased person The registration of legal Heir (LH) is for the purpose of filing electronic income tax return on behalf of the deceased person. Legal Heir of the deceased person should register as …
DVO Valuation report taking 2 Percent per month escalation for determining the value of property relying on nine month old sales instance was not based on any Income Tax Rules. This was held by the ITAT Hyderabad in a recent judgment. It also pointed out that if the DVO has not …
