Mistake in Tax audit report-taxes can not be collected without authority of law. It is bounden duty of authorities to consider submission on merits – ITAT   In a recent judgment, ITAT Mumbai while seeting aside the issue of additions based on erroneous tax audit report held that taxes …

Income Tax Department has published list of 29 tax defaulters in leading newspapers  Income Tax Department has published a list of 29 tax defaulters in leading newspapers with advice to pay the tax and arrears immediately.  However it is to be noted that in all the 29 cases …

Affidavit statement has to be taken as correct unless controverted by material filed by other party to counter the statement made therein – ITAT ABCAUS Case Law Citation: ABCAUS 1177 (2017) (03) ITAT The Grievance: This assessee was aggrieved by the order passed by the CIT(A) upholding the …

Excel Double Entry Accounting Template / Software download free for small professional firms of CA/CS/CMA/Lawyers etc. following cash basis Excel Spreadsheet Double Entry Accounting Template / Software  ABCAUS Excel Accounting Template has been designed to assist small professional firms of Chartered Accountants, Certified Public Accountants, Lawyers etc. to …

CBDT Chairman expresses dissatisfaction over recovery of demand and arrears  CBDT Chairman Shri Sushil Chandra in his latest department letter (DO) to all Principal Chief Commissioner of Income Tax has expressed dissatisfaction over unsatisfactory performance in the area of recovery from arrear and current demand- vis-a-vis Action Plan …

4.21 Crores ITRs e-filed in FY 2016-17 till Feb-2017. Total amount of refund issued is Rs. 1,48,459 crore till 28.02.2017 Ministry of Finance Dated: 17th March, 2017 Number of e-filed Income Tax Returns in Financial Year 2016-17 (till 28.02.2017) was 4.21 Cr: The total amount of refund issued …