Category: Income Tax
Income and deductions claimed in ITR should also match with form 16 issued by the employer or Form 16A. issued by deductor, apart from TDS amount Hitherto, normally while processing income tax return of an assessee under summary assessment u/s 143(1)(a), the focus of the Income Tax Department …
Income Tax to furnish Details of ITR and Tax audit report to MCA among other information as per furnishing bulk information u/s 138(1)(a)(ii). F.No. 225/252/2017 /ITA.II Government of India Ministry of Finance Department of Revenue (CBDT) North Block, New Delhi, the 26th of July, 2017 In exercise of …
Issues arising from implementation of MAT on IndAS compliant companies. Recommendations of the MAT-Ind AS Committee. comments/ suggestions invited Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS RELEASE New Delhi, 25th July, 2017. Issues arising from the implementation of Minimum Alternate …
FAQ-Computation of book profit for levy of MAT u/s 115JB for Indian Accounting Standards Ind AS compliant companies Circular Number 24/2017 F. No 133/23/2015-TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes (TPL Division) **** Dated 25th July, 2017 Subject: Clarifications on …
Facility in return for reporting bank account by non-residents who do not have bank account in India and who are claiming income-tax refund. Press Information Bureau Government of India Ministry of Finance 24-July-2017 20:27 IST Optional reporting of details of one foreign bank account by the non-residents in …
CBDT Chairmans Certificate of Appreciation on the occasion of Independence Day. Scheme of awards to be conferred upon the Officers and Staff of ITD CBDT Chairmans Certificate of Appreciation on the occasion of Independence Day Chairmans Certificate of Appreciation The CBDT hereby sanctions the following scheme of awards …
ITD celebrates 157th Income Tax Day on 24th July 2017. Income tax was first introduced on 24th July 1860 by the British. CBDT Chairman congratulates ITD Income Tax Day – 24th July 2017 SUSHIL CHANDRA Chairman,CBDT & Special Secretary to the Government of India Dated the 24th July …
Tribunal not competent to travel beyond the scope of appeal in making the addition It has to confined itself to questions arising or subject matter of appeal – Allahabad High Court ABCAUS Case Law Citation: ABCAUS 2005 (2017) (07) HC The Substantial Question of Law framed for determination: Whether …
What was not income in earlier years can not be written off as debt. The failure of share broker to return the money was at the highest a business loss and nothing more – Delhi High Court ABCAUS Case Law Citation: ABCAUS 2004 (2017) (07) HC The Grievance: …
No illegality if notice us 226(3)(iii) to assessee not issued simultaneously or prior to notice issued to bank for attachment of account u/s 226(3)(i) for recovery of tax demand – Delhi High Court ABCAUS Case Law Citation: ABCAUS 2003 (2017) (07) HC The Question involved: An interesting question …
