admin INCOME TAX APPELLATE TRIBUNAL March 6, 2016 If higher GP rate applied no trading account disallowance can be made INCOME TAX APPELLATE TRIBUNAL, KOLKATA ‘B’ BENCH, KOLKATA I.T.A. No. 1307/KOL/ 2013 Assessment Y... Read More
admin INCOME TAX APPELLATE TRIBUNAL, Income-tax Act, 1961 March 6, 2016 Section 12AA 80G5 charitable trust approval rejection on defective dissolution clause in the deed is beyond the scope of enquiry for grant of registration INCOME TAX APPELLATE TRIBUNAL, KOLKATA ‘A’ BENCH, KOLKATA I.T.A. Nos. 1456 & 1457/KOL/ 2015 ... Read More
admin Budget, Income Tax, INCOME TAX APPELLATE TRIBUNAL, TDS March 6, 2016 Form 15G 15H for receiving Rent Payments without TDS deduction from 01-06-2016. Budget 2016-17 amendment to section 197A and 194I Enabling of Filing of Form 15G/15H for rental payments The provision of sub-section 194-I of the Inc... Read More
admin Income-tax Act, 1961 March 6, 2016 Corporation Tax Rates For FY 2015-16 & 2016-17 India Corporation tax is the biggest worry of startups companies nowadays. After all it is tax on the tota... Read More
admin Budget, Income-tax Act, 1961 March 6, 2016 ITR filing made compulsory if total income together with exempt LTCG from Equity shares exceeds basic exemption limit In order to rationalise the time allowed for filing of returns, completion of proceedings, and reali... Read More
admin CBEC, Central Excise March 6, 2016 REGISTRATION OF TWO OR MORE PREMISES AS ONE REGISTRANT IN CENTRAL EXCISE CBEC Circular No. 1016/4/2016-CX dated February 29, 2016 [F. No. 96/18/2016-CX.1] clarified that i... Read More
admin CBEC, Central Excise March 6, 2016 CERTIFICATE EVIDENCING PAYMENT OF CENTRAL EXCISE DUTY CBEC Circular No. 1017/5/2016-CX dated February 29, 2016 clarified that the benefit of Circular N... Read More
admin Income Tax, Income-tax Act, 1961 March 6, 2016 Time limit for filing belated income tax returns u/s 139(4) reduced by one assessment year-Budget-2016-17 In order to rationalise the time allowed for filing of returns, completion of proceedings, and reali... Read More
admin Budget, Income Tax March 6, 2016 Belated returns u/s 139(4) can now be revised u/s 139(5)-Budget-2016-17 amendments. In order to rationalise the time allowed for filing of returns, completion of proceedings, and reali... Read More
admin CBEC, Central Excise March 6, 2016 WITHDRAWAL OF PROSECUTION IN CENTRAL EXCISE OLD CASES Circular No. 1018/6/2016-CX dated February 29, 2016 [F. No. 96/54/2014-CX.1] specified the situation... Read More