Declaration of Interest rate for EPF Account for the year 2017-18 @ 8.55%  EMPLOYEES’ PROVIDENT FUND ORGANISATION MINISTRY OF LABOUR AND EMPLOYMENT, GOVERNMENT OF INDIA Head Office: Bhavishya Nidhi Bhawan, 14, Bhikaji cama Place, New Delhi -110066 www.epfindia.qov.in , www.epfindia.nic.in No.Invest.I/CBT Agenda/ROI/2017-18/4153 Dated 25th May, 2018 To    …

Chartered Accountants not to determine FMV of unquoted equity shares received by a company without adequate consideration-CBDT Notification Section 56(2) of the Income tax Act, 1961. creates a deeming fiction for bringing certain receipts/transactions within the scope of taxable income.  (b) Under the provisions of clause (viia) to …

Additions made on grounds other than reasons to believe recorded u/s 148-SC dismisses SLP of the assessee. Due to difference between Courts, High Court referred issue for Full Bench In the instant appeal, the assessee had challeneged legality of re-assessment proceedings on three counts. First, non furnishing of …

Person summoned by CCI for investigation and recording statement has right to be represented by an advocate subject to procedure to be laid down – High Court The present appeal had been filed by the Competition Commission of India (CCI/ Appellant) against the judgment of the High Court …

Partners capital not loan or deposit within the meaning of section 269SS – ITAT confirms deletion of penalty u/s 271D for capital contributed by partner in cash. The Revenue had filed this appeal against the order of the Commissioner of Income Tax (Appeals) whereby he deleted the penalty …

Roll out of e-Way Bill system in the Maharashtra, Manipur and 5 UTs from 25-05-2018 Roll out of e-Way Bill system for intra-State movement of goods in the Maharashtra, Manipur and Union Territories (without legislature) As per the decision of the GST Council, e-Way Bill system for inter-State …