Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS RELEASE New Delhi, 14th July, 2016 Sub: The Income Declaration Scheme 2016 – Issue of further FAQs The Income Declaration Scheme, 2016 provides an opportunity to persons who have not paid full taxes …
Compulsory manual selection of cases for scrutiny criteria during the Financial Year 2016-2017 Instruction No. 4/2016 Government of IndiaMinistry of FinanceDepartment of Revenue (CBDT) North-Block, New DelhiDate: 13th of July, 2016 ToAll Pr. Chief-Commissioners of Income-tax/Chief-Commissioners of Income-taxAll Pr. Directors-General of Income-tax/Directors-General of Income-tax Sir/Madam Subject: Compulsory …
Circular No. 32 / 2016 – Customs F. No: 473 / 05 / 2015 – LC Govt. of India Ministry of Finance Dept. of Revenue Central Board of Excise and Customs North Block, New Delhi Dated 13th July 2016 All Principal Chief Commissioners Customs, All Principal Chief Commissioners …
No disallowance us 40aia if Form 15G 15H not furnished to Commissioner as there is no liability to deduct TDS. In such cases remedy has been provided u/s 272A(2)(f) – ITAT ABCAUS Case Law Citation: 972 2016 (07) ITAT Assessment Year(s) : 2007-08, 2010-11 Date/Month of Judgment : …
Expenditure allowed in assessment proceedings can not be restricted/disallowed in rectification proceedings u/s 154 which has a limited scope – ITAT ABCAUS Case Law Citation: 971 2016 (07) ITAT Assessment Year: 2003-04 to 2007-08 Date/Month of Judgment: July, 2016 Brief Facts of the Case: The assessee filed returns of …
Wheel loaders, Graders are Motor vehicles and are certainly eligible for higher depreciation rate at 40% as per Appendix I of Rule 5 of the Income Tax Rules, 1962 – ITAT ABCAUS Case Law Citation: 970 2016 (07) ITAT Assessment Year 2005-06 Date/Month of Judgment: July 2016 Important …
