In a recent judgment Chennai ITAT has upheld the addition made for notional house rent under the provisions of section 23 of the Income Tax Act, 1961, . It was held that: (a) When the assessee is the legal owner of the property; and (b) The property was …
Central Excise duty on jewellery-No arrest, prosecution, search seizure, no challenge to invoice value till sub committee ( of High Level Committee) recommendation are finalization Circular No. 1021/9/2016-CX F.No. 354/25/2016-TRU Government of India Ministry of Finance Tax Research Unit New Delhi, the 21st March, 2016 To, Principal Chief …
Cancellation registration u/s 12AA of a charitable trust based on oral statement related to bogus donation entries without any evidence giving opportunity to cross-examine the witness quashed by ITAT Case Details: INCOME TAX APPELLATE TRIBUNAL LUCKNOW BENCH “A”, LUCKNOW ITA No.792/LKW/2015 Assessment Year:2011-12 M/s Fateh Chand Charitable Trust …
Recently, Whatsapp users are receiving a viral message informing them they now it is possible to use WhatsApp without internet, and that the company is launching a new “Utlta-Light Wifi feature”. The message encourages users to click on the link provided in the message. Sample of the message is …
Institute of Chartered Accountants (ICAI) has clarified the methodology adopted for valuation of marks where a candidate answers extra question/sub question in CA examinations. Announcement Examination Department of ICAI It is seen that in CA examinations, sometimes, candidates answer more questions or sub parts of a question, than are required …
Step-wise Procedures and Guide for e-filing of Form 15G 15H Step-wise Procedures and Guide for e-filing of Form 15G 15H in electronic form by the deductors to the office of the income tax CBDT vide notification No. 76/2015 dated 29/09/2015 provided for the electronic filing of form 15G …