Banks to set up Aadhaar enrolment-update facility inside branch premises by 30-08-2017 to verify accounts with Aadhaar by 31-12-2017 as per PML Rules 2005  UNIQUE IDENTIFICATION AUTHORITY OF INDIA Notification No. 13012/79/2017/Legal-UIDAI (No. 4 of 2017) New Delhi, the 14th July, 2017 In exercise of Regulation 12A of the Aadhaar …

Income Tax identifies 5.56 lakh high cash depositors from SFT information. 1.04 lakh persons not disclosed all bank accounts. Operation Clean Money-2nd phase Income Tax Department pushes additional cases of High Cash Deposits in Second Phase of Operation Clean Money The Income Tax Department (ITD) has used information …

Revised Excel Format Tax Audit Report Form 3CD for Assessment Year 2018-19 for Reports issued on or after 20th August 2018.  Earlier, the CBDT had Revised Tax Audit Report Form 3CD for AY 2017-18 reflecting effect of adjustments and disclosures on account of ICDS notified u/s 145(2) and more …

Directors advance notice for electronic participation in board meeting can be at the beginning of the calendar year, Declaration shall be valid for one year  Electronic participation in board meeting  GOVERNMENT OF INDIA MINTSTRY OF CORPORATE AFFAIRS Notification New Delhi, thet 13th July, 2017 G.S.R. -(E). – In …

Sale of old jewellery to jeweller not liable to GST under RCM-Further clarification Further clarification on tax in reverse charge on gold ornaments. Sale of old jewellery by an individual to a jeweller will not make the jeweller liable to pay tax under reverse charge mechanism on such …

If foundational addition is deleted other addition can not stand. CIT(A) cannot do what AO could not have done in original assessment-ITAT ABCAUS Case Law Citation: ABCAUS 1291 (2017) (07) ITAT Assessment Year : 2006-07 Important Case Laws Cited/relied upon: CIT vs. Kanpur Coal Syndicate (1964) 53 ITR …