E-filing Vault-Procedure to Protect your Income Tax Account

Announcing the e-Filing Vault Option Protect your Income Tax Department e-Filing account!   Dear Taxpayer, In order to ensure that you are able to secure your E-filing account against any fraudulent login attempts, the Income Tax Department has introduced a new facility called the “E-filing Vault”. In order …

Payment of interest on refund u/s 244A of excess TDS deposited under section 195. Department not to pursue/withdraw appeals filed-CBDT Circular

Circular No.  11/2016 F.No.279/Misc./M-140/2015-ITJ Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes ****** New Delhi, 26th April, 2016 Subject:-   Payment of interest on refund under section 244A of excess TDS deposited under section 195 of the Income tax Act, 1961- reg. The …

Commencement of limitation for penalty proceedings under sections 271D and 271E. AO not to issue notice-CBDT Circular on Departmental View

Circular No.  09/DV/2016 (Departmental  View) F.No.279/Misc./M-116/2012-IT J Government of India Ministry of Finance Department  of Revenue Central Board of Direct Taxes ****** New Delhi , 26th April , 2016 Subject:- Commencement of limitation for penalty proceedings under sections 271D and 271E of the Income tax Act, 1961 – …

Excisability of bagasse, aluminium/ zinc dross. Withdrawal of Circulars/Instruction in view of Supreme Court Judgment-CBEC Circular

Circular No. 1027/15/2016-CX F. No. 96/115/2015- CX.1 Government of India Ministry of Finance Department of Revenue (Central Board of Excise & Customs) ********* New Delhi, dated the 25th April, 2016 To Principal Chief Commissioner /Chief Commissioner of Central Excise (All), Principal Chief Commissioner /Chief Commissioner of Central Excise …

ICAI-Amended MCA Accounting Standards applicable for accounting periods commencing on/after publication of notification in official Gazette.

ICAI Announcement Applicability of Accounting Standards amended by MCA vide Notification dated March 30, 2016 1.   The Ministry of Corporate Affairs, Government of India, vide Notification No. G.S.R. 739(E), dated 7th December, 2006, notified Companies (Accounting Standards) Rules 2006, in the Official Gazette Rule 1, sub-rule (2), provided that …