Income Tax Startegy-action plan for TDS compliances for FY 2017-18 as per Income Tax Central Action Plan FY 2017-18 Income Tax Central Action Plan FY 2017-18 A. CAPACITY BUILDING: (a). TDS workshops and awareness programs can be conducted for all categories of deductors including government deductors. The programs can …
CPC-TDS to provide window to taxpayers to report non-compliance by deductor CBDT has issued its Central Action Plan (CAP) for FY 2017-18. As per the said plan, the contribution of TDS to the overall gross direct taxes collections during FY 2016-17 was about 37%. The CAP 2017-18 has …
FCRA issues notice to 5922 associations for failure to upload Annual Returns from 2010-11 to 2014-15. Show cause notice asking why FCRA registration not be cancelled No. II/21 022/36(0207)/2015/FCRA-II/ Governmen t of India Ministry of Home Affairs Foreigners Division (FCRA Wing) NDCC-II Building, Jai Singh Road. Ncw Delhi …
Chit fund business not cash or fund management for service tax levy purpose. Chit fund not covered u/s 12 of Section 65 of Finance Act 1994-Supreme Court ABCAUS Case Law Citation: ABCAUS 1289 (2017) (07) SC The Question framed for determination: Question No.1 – Whether chit fund activity …
Penalty u/s 221(1)-Interest component has to be excluded while levying Penalty. The term “tax in arrears” does not include interest component-Bombay HC ABCAUS Case Law Citation: ABCAUS 1288 (2017) (07) HC The Question framed by the Appellant Revenue: (1) Whether on facts and in the circumstances of the case and in law, the ITAT …
Penalty us 271(1)(c) invoking discretionary jurisdiction us 40A(2)(b) invalid. Income assessed on the basis of deeming provisions would not amount to non-disclosure-Allahabad High Court ABCAUS Case Law Citation: ABCAUS 1287 (2017) (07) HC The Issue: The only point of the litigation was regarding the levy of penalty under Section …
