CBDT prescribes format, Procedure & Guidelines for submission of Statement of Financial Transactions (SFT) for Dividend income & Interest income Section 285BA of the Income Tax Act, 1961 and Rule 114E requires specified reporting persons to furnish statement of financial transaction (SFT). Earlier CBDT, for the purposes of …

Addition for reconciliation difference in the closing balance of debtor as per books of account of the assessee and that of the debtor deleted by ITAT ABCAUS Case Law CitationABCAUS 3491 (2021) (04) ITAT Addition for reconciliation difference in the closing balance of debtor In the instant case, …

Addition u/s 68 for cash deposit prior to issue of cheque by lender deleted as deposit was out of cash withdrawn earlier ABCAUS Case Law CitationABCAUS 3490 (2021) (04) ITAT In the instant case, the assessee had challenged the order passed by the CIT(A) in confirming addition u/s …

MoU between Competition Commission of India (CCI) and Administrative Council for Economic Defense of Brazil (CADE) 20 APR 2021    The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi today has approved the Memorandum of Understanding (MOU) between Competition Commission of India (CCI) and Administrative Council …

Cabinet approves Mutual Recognition Agreement between the Institute of Chartered Accounts of India and the Certified Practising Accountant, Australia 20 APR 2021    The Cabinet, chaired by Prime Minister Shri Narendra Modi, has approved the Mutual Recognition Agreement (MRA)between the Institute of Chartered Accounts of India (ICAI) and …

Cabinet approves Memorandum of Understanding between the Institute of Chartered Accountants of India and Chartered Accountants Australia and New Zealand 20 APR 2021 The Cabinet, chaired by Prime Minister Shri Narendra Modi, has approved a fresh Memorandum of Understanding (MoU) between the Institute of Chartered Accountants of India …