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Diary also books of accounts us 44AA. Section does not prescribe books for business but only talks of accounts-documents which may enable AO to adduce true income, penalty u/s 271A deleted by ITAT ABCAUS Case Law Citation: 1028 (2016) (10) ITAT Assessment Year: 2009-10 and 2010-11 Brief Facts …
CA issuing fake certificate-invoice to bank guilty of misconduct. Bank on the strength of false certificate and fake proforma invoice had released loan fund-Delhi HC ABCAUS Case Law Citation: 1027 (2016) (10) HC Brief Facts of the Case: The present disciplinary proceedings for professional misconduct were initiated by the …
CBDT notifies 7 Andhra Pradesh districts for tax incentives u/s 32(1)(iia) and section 32AD Under the Andhra Pradesh Re-organisation Act, 2014 the Government of India is extending special assistance to four districts of Rayalseema and three districts of North coastal Region of Andhra Pradesh. To further boost the industrial …
Small Savings Schemes Interest rates reduced for 3rd quarter FY 2016-17 F.No. 1/04/2016-NS .II Government of India Ministry of Finance Department of Economic Affairs (Budget Division) North -Block , New Delhi Dated: 29th September, 2016 OFFICE MEMORANDUM Subject: Revision of interest rates for Small Savings Schemes. The undersigned …
Revised ICDS-V Tangible Fixed Assets applicable from FY 2016-17 AY 2017-18 CBDT has notified the revised income computation and disclosure standards (ICDS) 2016 I to X Who is required to follow ICDS? These ICDS are to be followed by all the assessees except: (i) individual or a Hindu undivided …
IDS-2016 64275 declarations filed Rs 65250 Crore incomes declared in the form of cash and other assets. Numbers likely to go upwards-CBDT Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 1st October, 2016. Press Release Sub: Income Declaration Scheme 2016 …
Revised ICDS-X provisions contingent liabilities assets applicable from FY 2016-17 AY 2017-18 CBDT has notified the revised income computation and disclosure standards (ICDS) 2016 I to X Who is required to follow ICDS? These ICDS are to be followed by all the assessees except: (i) individual or a Hindu undivided …
Revised ICDS-IV Revenue Recognition applicable from FY 2016-17 AY 2017-18 CBDT has notified the revised income computation and disclosure standards (ICDS) 2016 I to X Who is required to follow ICDS? These ICDS are to be followed by all the assessees except: (i) individual or a Hindu undivided …
ICAI Clarification-auditors rotation SQC1-Companies Act 2013 differences.One time transition phase relaxation given for the financial year 2016-17 1. The Council of the Institute of Chartered Accountants of India (ICAI), at its 359th meeting held on September 16-17, 2016 considered an issue regarding the difference in requirements relating to …
ICAI Revised Guidance Note-Special Purposes Audit Reports and Certificates. CA can provide reasonable or limited level of assurance. Auditing and Assurance Standards Board of ICAI has released the revised Guidance Note on Audit Reports and Certificates for Special Purposes. Chartered Accountants are often required to issue specific reports/certificates required under various laws …
