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Abcaus

bank pass book

Addition u/s 69 deleted as AO failed to call information from bank of loan creditor

administrator July 27, 2018 Income Tax, ITAT
Addition u/s 69 deleted as AO failed to call information from bank of loan creditor. Case restored back for verifying creditworthiness of the loan creditor by calling information from the Bank ABCAUS Case Law Citation: ABCAUS 2439 (2018) 07 ITAT The instant appeal was filed by the assessee …
gst rate

GST Notifications to give effect to the recommendations of the GST Council 28th meeting held on 21.07.2018

administrator July 27, 2018 GST
GST Notifications to give effect to the recommendations of the GST Council 28th meeting held on 21.07.2018 Notification No. 13/2018-Central Tax (Rate) dated 26-07-2018 View >> Seeks to amend Notification No. 11/2017- Central Tax (Rate) so as to notify CGST rates on the intra-State supply of services  Notification …
icai result

Result of CA Intermediate May 2018 Exam likely to be declared on 29th July 2018 around 6.00 PM 

administrator July 27, 2018 ICAI
Result of CA Intermediate May 2018 Exam likely to be declared on 29th July 2018 around 6.00 PM  As per ICAI Announcement, the result of the Chartered Accountants Intermediate Examination (Old Course & New Course) held in May 2018 are likely to be declared on Sunday, the 29th …

Giving bribe a crime bigger than accepting -7 Years jail for giving bribe against 5 years term to Public Servant

administrator July 27, 2018 Government
Giving bribe a crime bigger than accepting it – 7 Years jail for giving bribe against 5 years term to Public Servant accepting bribe under Prevention of Corruption Amendment Act 2018 The Government has notified Prevention of Corruption (Amendment) Act 2018 which provides for a maximum punishment of …
tax deducted at source

Issue certificate of Nil or lower rate TDS u/s 197 and 195 within 30 days-CBDT instruction

administrator July 26, 2018 Income Tax
Certificate of Nil-lower rate TDS u/s 197 and 195 of the Income Tax Act, 1961 to be issued within 30 days timeline- CBDT  CBDT has instructed Income Tax Officials to adhere to prescribed time limit for issue of certificate of no deduction or deduction of tax at lower …

Extension of ITR filing due date of 31st July 2018 to 31st August 2018 by CBDT

administrator July 26, 2018 Income Tax
Extension of ITR filing due date of 31st July 2018 to 31st August 2018 by CBDT. The applicability of late fee u/s 234F also gets extended automatically F.No. 225/242/2018/ITA.II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes (ITA.II division) North-Block, New Delhi, …

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