Fake RBI social media demonetisation circular information. RBI advises bank and public not to rely onunsecured-unofficial social media chanels

Fake RBI social media demonetisation circular information. RBI advises bank and public not to rely onunsecured-unofficial social media chanels

December 1, 2016 RBI
Fake RBI social media demonetisation circular information. RBI advises bank and public not to rely onunsecured-unofficial social media channels. From yesterday, a fake circular/notification bearing serial number RBI/2016-17/166 purporting to be from RBI was in active circulation in social media channels (whatsapp, facebook accounts etc. ). According to …
Jewellery acquired out of disclosed-exempted income not taxable under the proposed taxation amendment Bill 2016

Jewellery acquired out of disclosed-exempted income not taxable under the proposed taxation amendment Bill 2016

December 1, 2016 Finance Ministry
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 …
Imprest account not necessarily part of partner capital account as held by ITAT was without properly analysing evidence-HC

Imprest account not necessarily part of partner capital account as held by ITAT was without properly analysing evidence-HC

December 1, 2016 High Courts, Income Tax, Judgments
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 …