Category: Income Tax
PMGKY Scheme 2016-Jurisdiction of CIT/CIT-CPC for declaration filed manually or electronically under EVC or under digital Signature. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) New Delhi, the 16th December, 2016 Notification No. 117/2016 S.O.4060(E).— In exercise of the powers conferred by section 199G of the Finance …
Taxation and Investment Regime for Pradhan Mantri Garib Kalyan Yojana Rules 2016 TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (ii)] GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 116/2016 New Delhi, the 16th December, 2016 THE TAXATION AND …
Pradhan Mantri Garib Kalyan Deposit Scheme 2016 Notification. PMGKD Scheme becomes effective from 17-12-2016 and valid till 31-03-2017 Government of India Ministry of Finance Department of Economic Affairs New Delhi, dated the December 16, 2016 Notification S.O.4061 (E).—In exercise of the powers conferred by clause (c) of section …
Refusal of registration us 12A to society of close family members or on the ground that it will charge fee from the students do not justify refusal – ITAT ABCAUS Case Law Citation: ABCAUS 1085 (2016) (12) ITAT Important Case Laws cited: Queen’s Educational Society vs. CIT (2015) …
DTAA between India and Cyprus. Completion of internal procedures for revised agreement on taxes on income, along with its Protocol signed on 18-11-2016 Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 16th December, 2016. PRESS RELEASE Sub : Notification of …
Unpaid audit fee was not income u/s 41(1) even if confirmation letter not produced as no expenditure was claimed in the current year-ITAT ABCAUS Case Law Citation: ABCAUS 1084 (2016) (12) ITAT Brief Facts of the Case: The assessee was a Government Corporation. In the balance sheet of …
ITBA e-Nivaran Income Tax Instruction No. 3 by Directorate of Systems. Enhancements and improvements made to e-Nivaran Module , Directorate of Income Tax (System) has issued e-Nivaran Instructions to all Income Tax Commissioners (PrCIT/CCsIT/DGIT etc.) on the enhancements and improvements made to e-Nivaran Module. The Instruction, among other things, provides …
Revised Income Tax Return post demonetisation to manipulation income, cash-in-hand, profits etc. to attract scrutiny penalty & prosecution-Finance Ministry Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 14 December, 2016 Press Release Filing of Revised Income Tax Returns by the …
Additions ignoring peak credit amounts to double taxation if there is no material to show cash withdrawals could not have been re-deposited-ITATÂ ABCAUS Case Law Citation: ABCAUS 1082 (2016) (12) ITAT Brief Facts of the Case: The Assessing Officer (AO) found that the assessee had not disclosed one …
Peak Credit theory additions apply for unexplained cash deposits or where assessee fails to give satisfactory explanation and amount is sought to be added u/s 68 69-ITAT ABCAUS Case Law Citation: ABCAUS 1081 (2016) (12) ITAT Important Case Laws cited: CIT vs. K. Chinnatharmban (292 ITR 682)(SC) Manoj …
