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Comptroller and Auditor General (C&AG) Report No. 03 of 2016 for the year ended March 2015 on Compliance Audit on Direct Tax Department Union Government tabled on 11-03-2016. As per the report the instances mentioned are those which came to notice in the course of test audit for …
C&AG Report 2016-Income Tax Department Write-off of Arrears of tax demand FY 2014-15 Comptroller and Auditor General (C&AG) Report No. 03 of 2016 for the year ended March 2015 on Compliance Audit on Direct Tax Department Union Government tabled on 11-03-2016. As per the report the instances mentioned …
Comptroller and Auditor General (C&AG) Report No. 03 of 2016 for the year ended March 2015 on Compliance Audit on Direct Tax Department Union Government tabled on 11-03-2016. As per the report the instances mentioned are those which came to notice in the course of test audit for …
Eradicating hunger poverty & health care tops the CSR activities by Corporate Houses during FY 2014-15 Ministry of Corporate Affairs Press Release dated 15-03-2016 Corporate Social Responsibility (CSR) provision of the Companies Act, 2013 came into force from 1st April, 2014. The year 2014-15 was the first year …
Deduction u/s 10A of the Income Tax Act, 1961 is allowable without setting off of brought forward losses/unabsorbed depreciation. When there are two judgments of the very same High Court by benches of equal strength, then the later judgment of the High Court has to be followed. Case Details: INCOME …
SEBI-Investments by FPIs in REITs, InvIts, AIFs and corporate bonds under default Securities & Exchange Board of India CIRCULAR CIR/IMD/FPIC/39/2016 March 15, 2016 To, 1. All Foreign Portfolio Investors (“FPIs”) through their Designated Depository Participants (“DDPs”)/ Custodian of Securities. 2. All Recognized Stock Exchanges. 3. The Depositories (NSDL …
Assessee not liable to Long Term Capital Gain for being registered owner where the land was leased out to a builder company for construction of flats and payments for flat sales were received directly by the builder. Case Details: INCOME TAX APPELLATE TRIBUNAL “E” BENCH, MUMBAI I.T.A. No 4518/Mum/2012 Assessment …
In case there is no change in the facts, situation or in law, the Revenue cannot be allowed to adopt a different stand. Rental income is treated as income from house property and not income from profession or profession. Case Details: INCOME TAX APPELLATE TRIBUNAL DELHI BENCH “A” Asstt. …
Additions made for non furnishing name address details of raddi-wallas for purchases made deleted In case of purchases made from small raddi-walas/kabadi-walas it is not practically possible to have them supported by bills. It is equally not possible to furnish details of such small raddi-walas/kabadi-walas. Case Details: INCOME TAX APPELLATE TRIBUNAL …
SEBI-Audit Reports Qualifications Revised Review Procedure. Board Meeting dated 12/03/2016 Securities and Exchange Board of India PR No. 56/2016 SEBI Board Meeting The SEBI Board met in New Delhi today and took the following decisions: A. Imposing restrictions on wilful defaulters The Master Circular on “Wilful Defaulters” …
