Abcaus

Penalty for late filing TDS return us 272A(2)(k) quashed as accountant had changed

administrator October 18, 2016 Income Tax, ITAT, Judgments

Penalty for late filing TDS return us 272A(2)(k) quashed as accountant had changed during the year and assessee was not aware of the delay. In a latest judgment, ITAT Mumbai quashed the penalty u/s 272A(2)(k) for late filing TDS return quashed as accountant had changed during the year …

Tax on Distributed income of Domestic Company for shares Buy-Back. Determination of amount as per Rule/section 115QA-CBDT Notification

administrator October 18, 2016 Income Tax

Tax on Distributed income of Domestic Company for shares Buy-Back. Determination of amount as per Rule/section 115QA MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) Notification No. 94/2016 New Delhi, the 17th October, 2016 INCOME-TAX G.S.R. 982(E).—In exercise of the powers conferred by section 115QA …

ICAI warns of Misleading advertisements by educational institutes representing as offering admission for chartered accountancy course

administrator October 18, 2016 ICAI

ICAI warns of Misleading advertisements by educational institutes representing themselves as offering admission for chartered accountancy course ICAI has issued a public notice warning general public against misleading advertisements by colleges/educational institutions/private organizations etc. representing themselves as college of finance/accountancy, offering admission for chartered accountancy course. The public notice of ICAI …

Tax audit ITR Due date extension Jammu kashmir AY 2016-17 to 31-12-2016 for all categories of assessees. CBDT order us 119

administrator October 18, 2016 Income Tax

Tax audit ITR Due date extension Jammu Kashmir AY 2016-17 to 31-12-2016 for all categories of assessees. CBDT order u/s 119 F.No. 225/195/2016/ITA.II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North-Block, ITA.II Division New Delhi, the 18th October, 2016 Order under …

ICAI Revised Guidance Note-Audit of Consolidated Financial Statements 2016. Since 2003 number of developments took place necessitating revised version

administrator October 17, 2016 ICAI

ICAI Revised Guidance Note-Audit of Consolidated Financial Statements The Auditing and Assurance Standards Board of ICAI has released out a revised Guidance Note on Audit of Consolidated Financial Statements. Earlier, the Institute of Chartered Accountants of India had issued the ‘Guidance Note on Audit of Consolidated Financial Statements in 2003. As …

Public Sector Company Deemed Demerger on Shares Transfer by Central Government and reconstruction or splitting up. CBDT Notification No. 93/2016

administrator October 17, 2016 Income Tax

Public Sector Company Deemed Demerger on Shares Transfer by Central Government MINISTRY OF FINANCE Department of Revenue CENTRAL BOARD OF DIRECT TAXES Notification No. 93/2016 New Delhi, the 14th October, 2016 (INCOME-TAX) S.O. 3204(E).— In exercise of the powers conferred by Explanation 5 to clause (19AA) of section …