Tag: ids 2016
Adjustment of amount paid under IDS 2016 on failure to pay third instalment – Supreme Court issues notice to CBDT ABCAUS Case Law CitationABCAUS 3534 (2021) (07) SC Important case law relied referred:Sangeeta Agarwal vs. Principal Commissioner of Income TaxShankarlal vs. Income Tax Officer & OrsPatchala Seethramaiah vs. …
IDS Scheme 2016 – Payment of tax/interest/penalty on undisclosed income may be made till 31.01.2020 MINISTRY OF FINANCE(Department of Revenue) Notification No. 103/2019 New Delhi, the 13th December, 2019 S.O. 4455(E).—In exercise of the powers conferred by the proviso to sub-section (1) of section 187 of the Finance …
IDS 2016 declaration can be declared void without show cause upon misrepresentation/suppression of facts. There is no provision to afford declarant a hearing prior to passing such order. ABCAUS Case Law Citation:ABCAUS 3125 (2019) (08) HC Important case law relied upon by the parties:Hemalatha Gargya v. Commissioner of …
Issues on payment of 3rd installment under IDS-2016. Bank Holidays towards due-date and delayed credit by Bank. CBDT Circular Circular No. 15/2019 Government of IndiaMinistry of Finance Department of RevenueCentral Board of Direct Taxes (ITA. II) North Block, New Delhi, the 12th day of July, 2019 Subject: Issues …
Clarification on certain procedural and technical issues regarding IDS 2016. Excess payment of liability, non uploading IDS Form 3. CBDT Order u/s 119 F. No.225/282/2017/ITA.II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes (ITA.II) North Block, New Delhi, the 12th day of …
Correction of minor head of IDS challan (111) by mistake by taxpayer or data entry mistake committed by bank branch OLTAS INSTRUCTION NO. 54 DIRECTORATE OF INCOME TAX (SYSTEM)ARA Center, Ground Floor, E-2, Jhandewalan ExtensionNew Delhi -110055 F. No. SW/07/01/06/OLTAS INSTRUCTION/DIT(S)II/15276 Dated: 20.12.2018 ToThe Principal Chief Commissioners of …
Prosecution u/s 420 of IPC disentitles benefit of IDS-2016 as scheme not apply to prosecution of any offence punishable under Chapter IX or Chapter XVII of the IPC-High Court ABCAUS Case Law Citation: ABCAUS 2343 (2018) (05) HC By the Finance Act, 2016 Government came with a scheme …
No condonation of delay in IDS 2016 first instalment payment due to Personal emergency reasons, liquidity, confusion, rush at banks etc.- CBDT F.No. 225/86/2017-ITA.II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North Block, New Delhi, dated the 28th of March, 2017 …
IDS-2016 condonation of delay in payment of taxes due to technical errors where payment is made through cheque, RTGS, electronic transfer within due time Instruction No. 2 of 2017 F.No.142/8/2016-TPL(Part) Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes) New Delhi, the 16th …
Verification of High Value Suspicious IDS 2016 Declarations by Abdul Razzaque with declaration Rs. 2 lakh crores suspicious in nature-Press Release Ministry of Finance 04-December, 2016 Verification of High Value Suspicious Declarations made under the IDS 2016 An Income Declaration Scheme (IDS) was announced in the Union Budget …
