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Steps taken by Government to curb generation of black money. Policy-level initiatives, effective enforcement, robust legislative-administrative frameworks Ministry of Finance Press Release 10-March, 2017 Steps taken by Government to curb the generation of black money Action against black money is an on-going process. Such actions include policy-level initiatives, …
Lodging complaints with CBI for fraud embezzlement by banks and select Financial Institutions based on amount involved in the frauds. Ministry of Finance Press Release 10-March, 2017 Lodging of complaints with CBI in cases of fraud /embezzlement by commercial banks and select Financial Institutions. Reserve Bank of India …
There are 360 and 104 vacant positions of non-official Directors in the CPSEs and PSBs respectively Ministry of Corporate Affairs Press Release Dated: 10-March, 2017 Appointment of Directors The non-official Directors are appointed on the Boards of Central Public Sector Enterprises (CPSEs) by the concerned administrative Ministries on …
Levy of Service Charge by Hotels-advisory by Department of Consumer Affairs to the State Governments on complaints received Ministry of Consumer Affairs, Food & Public Distribution Press Release 10-March, 2017 Department of Consumer Affairs issues an advisory to the State Governments on Levy of Service Charge by Hotels …
Direct Tax Collections up to February 2017 show Growth of 10.7%. Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 10th March, 2017. PRESS RELEASE Direct Tax Collections up to February, 2017 show Growth of 10.7% The Direct tax collections …
Service Tax exemption to educational institution from renting of immovable property not to apply except pre-school or education up to higher secondary or equivalent. Amendment to Mega Exemption Notification GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 10/2017-Service Tax, New Delhi, the 8th March, 2017 GSR …
No Section 54F exemption if construction not started within time prescribed. Development charges paid not start of construction-Allahabad HC In a recent judgment, the Hon’ble Allahabad High Court has held that capital gain exemption u/s 54F not allowable if construction not started within prescribed time. ABCAUS Case Law …
ITAT lacks power to dismiss appeal without adverting to merits -Allahabad High Court In a recent judgment, the Hon’ble Allahabad High Court has reiterated that currently ITAT does not have power to dismiss appeal without adverting to the merits of the appeal even if the appellant is absent. …
India-Belgium DTAA and Protocol amendment signed for Avoidance of Double Taxation and Prevention of Fiscal Evasion of Taxes on Income Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 9th March, 2017. Press Release India and Belgium sign Protocol amending …
Deduction us 54B for land purchased in wife’s name disallowed by ITAT following the judgment of Punjab & Haryana High Court. ABCAUS Case Law Citation: ABCAUS 1163 (2017) (03) ITAT Assessment Year : 2007-08 Date/Month of Pronouncement: February 2017 Brief Facts of the Case: The appellant assessee sold …
