GST Rate on Leasing of vehicles purchased and leased prior to 01-07-2017 Press Information Bureau  Government of India Ministry of Finance 12-October-2017 17:52 IST Leasing of vehicles purchased and leased prior to 1st July, 2017 would attract GST at a rate equal to 65% of the applicable GST …

ICAI Council had no record of oral discussions in forming prima facie opinion of misconduct against CA. However, Petition of CAs rejected on legal ground of res judicata.   ABCAUS Case Law Citation: ABCAUS 2094 (2017) (10) HC Brief Facts of the Case: The petitioners were chartered accountants …

Supreme Court explains the concept of income tax on Joint development agreement and applicability u/s 2(47) and section 45 and 48 where the JDA was not registered and was abandoned  In an important judgment, Supreme Court has explained the concept of income tax on Joint development agreement and …

Direct Tax Collections for F.Y. 2017-2018 show Growth of 15.8% up to September 2017 than net collections for corresponding period of last year.   Press Information Bureau  Government of India Ministry of Finance 11-October-2017 15:59 IST Direct Tax Collections for F.Y. 2017-2018 show Growth of 15.8% up to September, …

No addition for mismatch of income with 26AS form 16 16A for ITR1 u/s 143(1)(a)(vi) unless income is altogether not disclosed. CBDT Instruction Instruction  No. 9/2017 Government of India Ministry of Finance Department  of Revenue Central Board of Direct Taxes North Block, New Delhi, the 11th October, 2017 …

GST-Two times deduction for same CPIN, but cash ledger was credited with single entry only. Ask bank for refund as cash ledger can’t be updated twice Question: Amount was deducted two times for the same CPIN, but cash ledger was credited with single entry only. What should I …