Category: Income Tax
Assessment u/s 153A based on pre-search enquiries and not on incriminating material unearthed during search seizure operation u/s 132 invalid – ITAT ABCAUS Case Law Citation:960 2016 (06) ITATDate/Month of Order/Judgment – June, 2016Assessment Year:Â 2006-07 & 2007-08 Important Judgments Cited/Relied upon: CIT vs. Kabul Chawla – 380 ITR …
FMV of assets and apportionment of income in certain cases. Rule 11UB Rule 11UC Rule 114DB Information to be furnished u/s 285A. Form 49D Form 3CT MINISTRY OF FINANCE Department of Revenue CENTRAL BOARD OF DIRECT TAXES Notification No. 55/2016 New Delhi, Dated:Â 28th June, 2016 INCOME-TAX S.O. …
GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE Income-tax Notification No. 54/2016 New Delhi, the Dated: 27th June, 2016 S.O.2213(E).─ In exercise of the powers conferred by clause(ha) of sub-section (2) of section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct …
E-TDS-TCS File Validation Utility FVU new version 2.147 (to validate statement(s) up to FY 2009-10 and FVU version 5.1 (to validate statement(s) pertaining to FY 2010-11 onwards) Key Features – File Validation Utility (FVU) version 2.147 New Section code 194LBC (Income in respect of investment in securitization trust) has …
eTDS TCS RPU Latest Version 1.6 effective 28062016 After New FVU version 2.147 and version 5.1, NSDL has also issued latest Return Preparation Utility (RPU) Version 1.6 for Regular & Correction quarterly e-TDS/TCS statements from FY 2007-08 Key Features – Return Preparation Utility (RPU) version 1.6 New Section …
F. No. DGIT(S)-ADG(S)-2/e-filing Notification/106/2016 Government of India Ministry of Finance Central Board of Direct Taxes Directorate of Income Tax (Systems) Notification No. 11/2016 New Delhi, Dated: 22nd June, 2016 Procedure for online submission of statement of deduction of tax under sub-section (3) of section 200 and statement of …
 Circular No. 24 of 2016 F.No.142/8/2016-TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes (TPL Division) *** Clarifications on the Income Declaration Scheme, 2016 The Income Declaration Scheme, 2016 (hereinafter referred to as ‘the Scheme’) incorporated as Chapter IX of the Finance …
Relaxation from higher TDS rate u/s 206AA for non production of PAN in case of  non-resident/foreign company GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF DIRECT TAXES Notification No.. 53/2016 New Delhi, the 24th June, 2016 INCOME-TAX S.O. 2196 (E).— In exercise of the …
Deduction 80IB(7)(b) Rule 18BBC certificate by Regional Director instead Director General of  Tourism valid as in Government Departments powers are delegated. Since no Perform of the certificate has been prescribed in the Rules,  non mentioning of section 80IB(7(b) can not be a ground for disallowance – ITAT ABCAUS Case Law …
Income Declaration Scheme Mann ki Baat by Prime Minister Narendra Modi – Take benefit of the Scheme and save yourself from problems after 30th September  Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 26th June, 2016. Press Release Sub: …
