Abcaus

Income Declaration Scheme ICDS 2016 Confidentiality-No Official to disclose to any person/authority any document/records. CBDT Notification 56/2016

administrator July 11, 2016 Income Tax

Income Declaration Scheme ICDS 2016 Confidentiality GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 56/2016, F.No.142/8/2016-TPL ORDER New Delhi, the 6th July, 2016 S.O.2322 (E)- In exercise of the powers conferred by sub-section (2) of section 138 of the Income-tax Act, 1961(43 of 1961), the …

No TDS Deduction us 197A1D by IFSC Banking Units IBUs on deposits by non-resident on or after 01-04-2005. CBDT Circular 26/2016

administrator July 11, 2016 Income Tax

Circular No 26/2016 F.No. 275/26/2016-IT(B) Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North Block, New Delhi 4th July, 2016 Subject: Applicability of Section 197A(1D) and Section 10(15)(viii) of the Income-tax Act, 1961 to interest paid by IFSC Banking Units (IBUs)- Clarification regarding …

No TDS late deposit interest if cheque deposited in bank within due date – ITAT

administrator July 10, 2016 Income Tax, ITAT, Judgments

No TDS late deposit interest if cheque deposited in bank within due date in view of CBDT Circular No. 261 dated 08-08-1979 which has not been withdrawn- ITAT ABCAUS Case Law Citation: 969 2016 (07) ITAT Assessment Year: 2009-10 Date/Month of Judgment/Order: June, 2016 Brief Facts of the …

Bad debts written off in same/first assessment year eligible for deduction u/s 36(1)(vii) after amendment and in terms of CBDT Circular 12/2016

administrator July 10, 2016 Income Tax, ITAT, Judgments

Debts written off in the same/first assessment year eligible for deduction u/s 36(1)(vii) as after the amendment w.e.f. 1st April 1989, it is not necessary for the assessee to establish that the debt, in fact, has become irrecoverable – ITAT ABCAUS Case Law Citation: 968 (2016) (07) ITAT …

Direct Tax Collection upto June 2016 Increased by 24.79% due to four instalments of advance tax to be paid by individuals starting June 2016

administrator July 9, 2016 Income Tax

Direct Tax Collection upto June 2016 Increased by 24.79% due to four instalments of advance tax to be paid by individuals starting June 2016 Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS RELEASE New Delhi, 8th July, 2016. Sub : Direct Tax …

Monthly meetings of Director FCRA on last day of every month from July with associations to redress their grievances of registration/prior permission

administrator July 8, 2016 FCRA

Monthly meetings of Director FCRA with associations F.No. II/21022/23(41)2016-FC-III Government of India Ministry of Home Affairs Foreigners Division (FCRA Wing) NDCC-II Building(Opposite Jantar Mantar) Jai Singh Road, New Delhi 110001 Dated 4th july, 2016 Circular Subject:- Monthly meeting of Director (FCRA) with associations to redress their grievances relating …