Category: Income Tax
Cash and gold seizure from sand mining contractors Chennai by Income Tax Department. Search still in progress at 4 out of total 8 premises. Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 09 December, 2016 PRESS RELEASE Seizure of Rs. …
Innovative Methods of Cash Laundering Transportation detected by Income Tax Department at Mumbai, Nagpur and Ahmedabad – Press Release by Finmin Ministry of Finance 08-December, 2016 Income Tax Sleuths Unearth Innovative Methods of Laundering and Transportation of Cash at Mumbai, Nagpur and Ahmedabad Income tax investigations at Mumbai …
Procedure e-filing Form 27BA for TCS defaults correction for short-non deductions defaults and Role of Accountant. CBDT Notification F. No. DGIT(S)/CPC(TDS)/NOTIFICATION/2016-17 Government of India Ministry of Finance Central Board of Direct Taxes Directorate of Income-tax (Systems) New Delhi. Notification No. 12/2016 New Delhi, 8th December, 2016 Subject: – Procedure …
Gujarish film promotion expenses by Hrithik Roshan disallowed. Amount paid to TV show Saregama contestants voluntarily was not connected to his profession-ITAT ABCAUS Case Law Citation: ABCAUS 1078 (2016) (12) ITAT Assessment Year: Brief Facts of the Case: In the present case, both the appellant assessee (Hrithik Roshan) …
Business promotion personal nature gift expenses disallowance without specifying any specific items not connected with business activity deleted by ITAT ABCAUS Case Law Citation: ABCAUS 1077 (2016) (12) ITAT Assessment Year: 2011-12 Date of Judgment: 01-12-2016 Brief Facts of the Case: During the assessment proceedings, The Assessing Officer …
Demonetisation irregularities-CBDT facing man-power shortage. CBDT Chairman asks PrCCITs to spare AOs and Inspectors for Investigation Wing After the demonetisation and withdrawal of Old currency notes of Rs. 500/- and Rs. 1000/-, the Investigation Directorates of the Income Tax Departments have intensified enforcement actions in detecting serious irregularities. …
Serious irregularities found Post De-monetization referred to CBI-ED by CBDT to examine the criminal conduct for immediate necessary action Ministry of Finance 6th December, 2016 Press Release Income Tax (IT) Department carries-out swift investigations in more than 400 cases since the de-monetization of old High Denomination (OHD) …
No concealment penalty-non disclosure of disallowance 40(a)(ia) in computation of income as the issue is debatable due to High Court decisions ABCAUS Case Law Citation: ABCAUS 1076 (2016) (12) ITAT Assessment Year: 2008-09 Date of Judgment: 01-12-2016 Brief Facts of the Case: During the scrutiny proceedings of the …
Organizing tax payer educational workshops in FY 2017-18 regarding online e-filing, TDS credit mismatch, rectification, grievances redressal etc. by Income Tax Department. Addl. DIRECTOR GENERAL OF INCOME TAX (Tax Payer Services)-II, Ministry of Finance, Govt. of India E-2, ARA Centre, Jhadewalan Ext.,New Delhi-110055 Phone No. 011-23519117, Fax No. 011-23593268 …
BRICS Heads of Revenue and expert meeting on Tax Matters Mumbai. Communiqué of Meeting Issued on 06-12-2016 Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 06 December, 2016 PRESS RELEASE Sub : Meeting of the BRICS Heads of Revenue and …
