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Club Membership allowed partly as business expenses Contacts developed through clubs also brings new clients and professional opportunity. 1/3rd of club membership fee paid allowed as attributable to professional activities by ITAT ABCAUS Case Law: 965 2016 (06) ITAT Assessment Year: 2010-11 Date/Month of Judgment/Order: June, 2016 Brief …
ICAI-Change syllabus under Revised Scheme. Students advised not to get misguided as to what will happen if registration done under Existing Scheme OR THE URGENT ATTENTION OF STUDENTS Change in syllabus under the Revised Education and Training Scheme Number of queries are being received from the students with …
Circular No. 1035/23/2016-CX F. No. 208/36/2012-CX.6 Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs New Delhi, dated the 4th Jul y, 20 16 To. The Principal Chief Commissioners! Chief Commissioners of Central Excise (All) The Principal Chief Commissioners/ Chief Commissioners of …
Penalty 2711b-Non compliance due to September Finalisation September being the month for finalization of accounts, the assessee’s explanation that there was nonavailability of accounting staff, cannot be doubted. Penalty u/s 271(1)(b) for non compliance of notices 143(2), 142(1) deleted by ITAT ABCAUS Case Law Citation: 964 2016 (06) ITAT …
SEBI – FAQ on Foreign Portfolio Investors – 164 Question and answers SEBI has issued a FAQ consisting of 164 questions and answers on Foreign Portfolio Investors to guide market participants on SEBI (Foreign Portfolio Investors) Regulations, 2014 The FAQ has been grouped into following headings: I. Transition from …
MCA-21 ROC Fee Refund Procedure FAQ 1. What is Refund Process The user is required to make various payments to avail MCA21 services. A number of instances have been observed where the users make multiple payments or incorrect payment or excess payment while using these services. In order …
Addition cannot be made solely on the basis of AIR information especially when the assessee denies the reported transactions and the onus/burden shifted upon the AO to rebut the accounts/contentions of the assessee – ITAT ABCAUS Case Law Citation: 963 2016 (06) ITAT Assessment Year: 2010-11 Date/Month of Judgment/Order: …
Peak credit theory do not apply to cash deposits made at outstation stations/cities when cash withdrawal were made at one city only – ITAT ABCAUS Case Law Citation: 962 2016 (06) ITAT Assessment Year: 2009-10 Date/Month of Judgment/Order: June 2016 Brief Facts of the Case: The case of …
DTAA between India and Cyprus – In-principle agreement reached on all pending issues Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS RELEASE New Delhi, 1st July, 2016. Sub : Indo-Cyprus Double Taxation Avoidance Agreement An official level meeting between India and Cyprus took …
Income Declaration Scheme: Government assures complete confidentiality Scheme not be extended beyond September 30 : Revenue Secretary Ministry of Finance Press Release dated 1st July, 2016 The Government has assured complete confidentiality to those declaring their income under the Income Declaration Scheme 2016. Addressing a press conference in …
