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W.e.f. June 1, 2016, the e-TDS/TCS, Form 24G and Annual Information (AIR) acceptance fees have been revised as under: 1. Statements having up to 100 records:- 44.00 (inclusive of service tax) 2. Statements having 101 to 1000 records:- 205.00 (inclusive of service tax) 3. Statements having more than …
Deduction us 80IA-Notional brought forward of losses even when it were set off against income of the assessee in earlier years not allowed. This was held by ITAT in a recent judgment as under. ABCAUS Case Law Citation: 946 2016 (06) ITAT Date of Judgment – June, 2016 …
Disallowance us 361iii for bank interest on unutilized loan In a recent judgment, ITAT held that once the Assessing Officer satisfied with the nature of loan being of business in nature then no disallowance u/s 36(1)(iii) was called just for keeping the funds unutilized at the end of the …
The processing of TDS statements are fully centralized at CPC (TDS) Vaishali Ghaziabad and the AO has no power to revise the order. ITAT rejected Revenue’s appeal on this ground taken against CIT(A) order directing ITO(TDS) to make factual verification and pass suitable order. ABCAUS Case Law Citation: 944 2016 (06) ITAT …
Service Tax-Speedy Disbursal of exporters Pending refund claims Circular No. 195/05/2016-Service Tax F. No. 137/62/2015-Service Tax Government of India Ministry of Finance Department of Revenue Central Board of Excise & Customs Service Tax Wing New Delhi, dated 15th June, 2016 To All Principal Chief Commissioners of Central Excise, All …
India Switzerland early agreement for implementation of AEOI India and Switzerland agree to move towards an early agreement for the implementation of AEOI between the two countries; Two sides agreed to pursue the ongoing dialogue on tax and financial matters in a spirit of mutual friendship and cooperation. …
ICAI invites suggestions on Model GST Law The Indirect Taxes Committee of ICAI is getting ready to prepare training material for the professionals and executive once GST law is in place. It invites suggestions on the Model GST Law for consideration and inclusion in its representation to be …
India Mauritius DTAA Stakeholders comments invited Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS RELEASE New Delhi, 15th June, 2016. Sub: Comments of stakeholders – Working Group to examine issues arising out of amendment to India-Mauritius DTAA – regarding The CBDT …
Excise Duty Branded Ready made Garments Retailer Exemption Circular No. 1031/19/2016-CX F. No. 332/5/2016-TRU Government of India Ministry of Finance (Department of Revenue) Tax Research Unit New Delhi, 14th of June, 2016 To, Principal Chief Commissioners/Chief Commissioners/Principal Commissioners of Central Excise (All); Principal Chief Commissioners/Chief Commissioners/Principal Commissioners of …
Circular No. 28/2016-Cus F.No.450/147/2015-Cus-IV Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs New Delhi, dated the 14″‘ June, 2016 To, All Chief Commissioners of Customs/ Customs (Preventive), All Chief Commissioners of Customs and Central Excise, All Commissioners of Customs I Customs (Preventive), All …
