Jewellery acquired out of disclosed-exempted income not taxable under the proposed taxation amendment Bill 2016-Govt clears apprehensions Ministry of Finance 01-December, 2016 Government clarifies that the apprehension sought to be created that the jewellery with the household which is acquired-out of disclosed sources or exempted income shall become …
Delhi HC-weddings cash withdrawal limits not unjustified and unwarranted as the rigid conditions apply only when payments exceeds Rs. 10000/- ABCAUS Case Law Citation: ABCAUS 1069 (2016) (11) HC Important Case Laws cited: Parisons Agrotech (P) Ltd. v. Union of India (2015) 9 SCC 657, Manohar Lal Sharma …
Imprest account not necessarily part of partner capital account as held by ITAT was based merely on partner’s statement without properly analysing the evidence-High Court ABCAUS Case Law Citation: ABCAUS 1068 (2016) (11) HC Brief Facts of the Case: The responding assessee was a partnership fir. The return …
Insolvency and Bankruptcy Application to Adjudicating Authority Rules 2016-Procedure for filing application by creditors and demand notice MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 30th November, 2016 G.S.R. 1108(E).—In exercise of the powers conferred by clauses (c), (d), (e) and (f) of sub-section (1) of section 239 …
Cash withdrawal limit from bank accounts-atm to be decided by RBI. Powers given to RBI including withdrawal from current account and ATM-Finance Ministry MINISTRY OF FINANCE (DEPARTMENT OF ECONOMIC AFFAIRS) NOTIFICATION New Delhi, 30th November, 2016 S.O. 3599(E).—In exercise of the powers conferred by sub-section (2) of section …
Old Notes invalid for petrol-airtickets purchase from 03-12-2016. Earlier exemption was provided for purchase of airline tickets and petrol-Notification Notification of MoF dated 8th November, 2016 provided certain exemptions for the convenience of the members of public in carrying out certain emergent and urgent transactions using the specified …
