Requirement to quote Aadhaar as per section 139AA of the Income-tax Act shall not apply to an individual who is not a resident as per the Aadhaar Act, 2016. Ministry of Finance Mandatory Quoting of Aadhaar for PAN Applications & Filing Return of Income Section 139AA of the …

Applicability of Presumptive Tax if actual profit is more than presumptive income. Shifting from salary to professional receipts to take benefit u/s 44ADA The Income-tax Act 1961 (‘the Act’) provides for taxation of income on presumptive or deeming basis in the case prescribed businesses. Currently, the benefit of …

Panel of Mediator-Conciliator FY 2017-18 Chennai Regional Director Registrar of Companies. Application of 30 Chartered Accountants accepted. APPLICATIONS ACCEPTED UNDER THE CATEGORY OF CHARTERED ACCOUNTANT AS PER RULE (g) S. No NAME AND ADDRESS S. No NAME AND ADDRESS 1. Mahendra K Agarwal, S/o Late Gurudayal Agarwal, R/o …

Revenue Department exceeds Revised Tax Collections target for 2016-17  Ministry of Finance Revenue Department exceeds Revised Tax Collections target for 2016-17 around 18% taken together in case of Direct and Indirect Taxes; Provisional figure of Total Tax Collections in 2016-17 is Rs. 17.10 Lakh Crore as against the …

TDS return filing not require directors personal time-Penalty for Late filing confirmed. Timely filing could have been done by hiring professional services – ITAT ABCAUS Case Law Citation: ABCAUS 1198 (2017) (04) ITAT The Grievance: The appellant assessee was aggrieved by the order of the CIT(A) in confirming …

Draft Notification us 10-38 for non applicability of STT condition for claiming exemption from LTCG sale of equity share  Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS RELEASE New Delhi, 3rd April, 2017. CBDT Requests for Stakeholder’s comments on Draft Notification …