Category: Income Tax
Revised Guidelines-Engagement of Special Public Prosecutors to represent Income Tax Department before Session Courts and fees-CBDT Instruction Instruction No. 6 /2016 F.No. 279/Misc./M-77/2011-ITJ Government of India Ministry of Finance Department of Revenue Central Board Direct Taxes (A&J Division) New Delhi, the 7th September, 2016 Sub: Guidelines for engagement …
The marginal fall in GP ratio compared to preceding year and non-incurring of expenditure like travelling, telephone, salary, etc. are not the relevant reasons for rejecting of books of accounts under section 145 of the Income Tax Act – ITAT ABCAUS Case Law Citation: 1010 2016 (09) ITAT …
There is no hard and fast rule of earning same net profit rate over different years. Additions made without any plausible reason or rejecting books of accounts bad – ITAT In a recent judgment, ITAT has held that there is no hard and fast rule of earning same …
No Extension of Income Disclosure Scheme IDS 2016 after closure of deadline of 30-09-2016 Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS RELEASE New Delhi, 2nd September, 2016. Subject : The Income Declaration Scheme 2016- reg The Income Declaration Scheme, 2016 …
Interest waiver-reduction u/s 220(2A) denial for threat by the assessee not justified. The satisfaction must be arrived at with reference to the prescribed three conditions -Kerala High Court. ABCAUS Case Law Citation: 1007 2016 (09) HC Brief Facts of the Case: The Petitioner assessee was aggrieved by the rejection by …
No enquiry-investigation for IDS 2016 documents found in Search u/s 132 or Survey action u/s 133A of the Income-tax Act 1961. Circular No. 32 of 2016 F.No.299/124/2016/IT-Inv.III Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes (Investigation Division) Ground Floor, E-2, ARA Centre, Jhandewalan …
Form 15G-15H filing due date extension F. No. DGIT(S)/CPC(TDS)/DCIT/15GH/2016-17 Government of India Ministry of Finance Central Board of Direct Taxes (CBDT) Directorate of lncome-tax (Systems) New Delhi. Notification No. 10/2016 …
CPC Bengaluru deemed PrCIT-CIT for IDS 2016 e-declaration furnished electronically under digital signature u/s 183 of the Finance Act 2016 Circular No.31 of 2016 F.No.142/8/2016-TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes *** New Delhi, dated 30th August, 2016 In continuation …
Closure of financial accounts under Rule 114H(8) of the Income-Tax Rules, 1962 under alternative procedure of FATCA where self certifications not obtained. Ministry of Finance Press Release 31-August, 2016 Closure of financial accounts under Rule 114H (8) of the Income-Tax Rules, 1962 under alternative procedure of FATCA The …
e-mail ID and telephone number in income tax notices-letters-communications issued to taxpayers – CBDT asks for strict compliance. F. No. 225/214/2016/ITA.II . Government of India Ministry of Finance Department of Revenue (CBDT) North-Block, New Delhi, the 30th of August, 2016 To All Pr. Chief Commissioners of Income-tax/ Pr.CCIT …
