Fall in GP ratio or non-incurring basic business expenditure like travelling, telephone salary etc. not reasons for rejecting books of accounts us 145

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 …

Private PF Trusts with closed establishments since long. Funds are not safe with such Trust running illegally and vulnerable to frauds-EPFO

Private PF Trusts with closed establishments since long. Funds are not safe with such Trust running illegally and vulnerable to frauds-EPFO Employees’  Provident  Fund Organisation Bhavishya Nidhi Bhawan,14- Bhikaji Cama Place, New Delhi -110066 No. C-Ex/32(1)/15/BR/SRO/MUZ/CE/EZ/10249                         …

Special Investigation Team SIT on Black Money asks RBI to develop institutional mechanism to track illicit financial flows out of country

Special Investigation Team SIT on Black Money asks RBI to develop institutional mechanism to track illicit financial flows out of country  Ministry of Finance Press Release Dated: 05/09/2016 Special Investigation Team (SIT) on Black Money asks RBI to develop institutional mechanism to track illicit financial flows out of …