SPICe Form INC-32 for company incorporation with PAN TAN. MCA21 system to auto generate pre-filled application forms 49A and 49B MCA has notified new version of Form SPICe (INC-32) with effect from 30th January 2017 so as to include the functionality of applying for Company PAN and first TAN (allotted …

CBDT Clarifications on GAAR provisions under the Income Tax Act, 1961 Ministry of Finance Dated: 27/01/2017 Press Release Clarifications on implementation of GAAR provisions under the Income Tax Act, 1961   The General Anti Avoidance Rule (GAAR) provisions shall be effective from the Assessment Year 2018-19 onwards, i.e. Financial Year …

FAQ implementation of GAAR provisions under Income Tax Act 1961. General Anti-Avoidance Rule comes into force from 01/04/2017 Circular No. 7 of 2017 F.no. 500/43/2016-FT&TR-IV Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes Date 27/01/2017 Clarifications on implementation of GAAR provisions under …

100 percent Section 87A tax rebate up to income of Rs. 5 lakhs for AY 2020-21 Click Here >> 87A Rebate given in earlier budgets is as under: (a) Rebate u/s 87A FY 2018-19, AY 2019-20  Click Here >> (b) Rebate under section 87A for AY 2018-19  Rebate under section 87A for …

Form 10B income accumulation amount inadvertent mistake. Income Tax authorities were misconceived in denying the claim for the difference-ITAT   ABCAUS Case Law Citation: ABCAUS 1110 (2017) (01) ITAT Assessment Year : 2003-04 Date of Pronouncement: 20-01-2017 Brief Facts of the Case: The assessee was a charitable trust …

Income Tax Basic Exemption Limits AY 2018-19. 5% tax rate for income up to Rs. 500000/- Rebate u/s 87A reduced to Rs. 2500/-  As forecasted by ABCAUS, the tax rate has been reduced to 5% for first income tax slab and rebate u/s 87A has been pegged at Rs. …