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No Penalty 271(1)(c) if income offered u/s 132(2) is accepted by Assessing Officer u/s 153A and assessed INCOME TAX APPELLATE TRIBUNAL, KOLKATA ‘A’ BENCH, KOLKATA I.T.A. No. 622/KOL/ 2008 Assessment Year: 2003-2004 Smt. Sarita Mohta……Appellant vs. Deputy Commissioner of Income Tax……..Respondent Date of Order: 04-03-2016 ORDER Per Shri P.M. …
Tax incentives for start-ups in Budget 2016-17 With a view to providing an impetus to start-ups and facilitate their growth in the initial phase of their business, it is proposed in Budget 2016-17 to provide a deduction of one hundred percent of the profits and gains derived by an …
UP Govt servant if not passed High School, date of birth/age in service book shall be taken as correct-Allahabad HC HIGH COURT OF JUDICATURE AT ALLAHABAD Chief Justice’s Court AFR Case :- SPECIAL APPEAL DEFECTIVE No. – 160 of 2016 Appellant :- State Of U.P. And 3 Ors.Respondent …
Cash advance received adjusted against sales could not be added u/s 68 treating the same as unexplained THE INCOME TAX APPELLATE TRIBUNAL, KOLKATA ‘SMC’ BENCH, KOLKATA I.T.A. No. 2284/KOL/ 2014 Assessment Year: 2009-2010 M/s. Narendra Nath Paul (Appellant ) vs. Income Tax Officer (Respondent) Date of Order: 10-02-2016 …
Sovereign Gold Bond Scheme 2016 – Series II Reserve Bank of India Press Release Sovereign Gold Bond Scheme 2016 – Series II Date: 04-03-2016 The Reserve Bank of India, in consultation with the Government of India, has decided to issue third tranche of Sovereign Gold Bonds. Applications for the …
Levy of excise duty on jewellery in Budget-2016-17-Clarification Ministry of Finance Press Release Clarifications on levy imposed on jewellery In this year’s Budget, a nominal excise duty of 1% and 12.5% has been imposed on articles of jewellery. Even for this nominal 1% excise duty, manufacturers are allowed to …
Instructions for filling PAN Card Application Form 49A. Document required as proof of identity, address and date of birth INSTRUCTIONS FOR FILLING PAN CARD APPLICATION FORM 49A a Form to be filled in English only. b Fields marked by asterisk (*) are mandatory. c Each box, wherever provided, should …
CBDT clarifications on various provisions of the Income-tax Act for reducing litigation and easing burden of compliance Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxes PRESS RELEASE New Delhi, 3rd March, 2016 Sub: Decision’s of CBDT clarifying various provisions of the Income-tax Act for reducing …
Outstanding disputed demand stay to be granted by assessing officer on payment of 15 percent till disposal of first appeal if pending before CIT(A) Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxes PRESS RELEASE New Delhi, 3rd March, 2016 Subject: Issue of revised guidelines for …
TDS on payments by broadcasters/TV channels to production houses for production of content, programme for telecasting Circular No.4/2016 F.No.275/07/20 16-IT(B)Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxes (CBDT) North Block, New Delhi, the 29th of February, 2016 Sub: Tax Deduction at Source (TDS) on payments …
