Whether LPG Gas Subsidy received by individuals is taxable or tax free?
Lot many people, whether businessmen or salaried, are receiving LPG Gas subsidy. The subsidy is credited directly in their bank accounts of the gas connection holders. The question ...
Read More
The Blogs
Cash withdrawal before 1/09/2019 won’t be subjected to TDS u/s 194N but same shall be counted in limit of Rs. 1 Cr. : CBDT
Cash withdrawal before 1/09/2019 won’t be subjected to TDS u/s 194N but same shall be counted in limit of Rs. 1 Cr. : CBDT
Press Release, dated 30-08-2019
In order to discourage cash transactions and move towards less cash economy, the ...
Read More
TDS DUE DATE FOR FILLING 24Q IS EXTENDED
TDS DUE DATE FOR FILLING 24Q IS EXTENDED
Read More
Note on Search Conducted in NCR on a Group in the Power Sector
Press Information Bureau
Government of India
Ministry of Finance
23-April-2019 15:57 IST
Note on search conducted in NCR on a Group in the Power sector
The Delhi Unit of the Directorate General of Income-tax(Investigation) initiated search and seizure action on a Group in NCR, ...
Read More
Infibeam fires auditor for “sharing price-sensitive info”
Infibeam fires auditor for “sharing price-sensitive info”
Read More
Bank audit Special – RBI Enforcement on Statutory Auditors
Enforcement action framework in respect of statutory auditors for the lapses in the statutory audit of commercial banks
Statutory Auditors (SAs) of banks play an important role in contributing to financial stability when they deliver quality bank audits which foster ...
Read More
Press Release : Arrest by CGST Commissioner, Ahmedabad
Press Release : Arrest by CGST Commissioner, Ahmedabad
Read More
GST Council approves principles for filing of new return design based on the recommendations of the Group of Ministers on IT simplification
Ministry of Finance
GST Council approves principles for filing of new return design based on the recommendations of the Group of Ministers on IT simplification
Posted On: 04 MAY 2018 4:07PM by PIB Delhi
GST Council today in its 27th meeting approved ...
Read More
CBDT achieves another milestone by signing its 200th UAPA in April, 2018
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
New Delhi, 3rd May, 2018
PRESS RELEASE
CBDT achieves another milestone by signing its 200th UAPA in
April, 2018
The Central Board of Direct Taxes (CBDT) has entered into one Unilateral Advance Pricing ...
Read More
CBDT invites suggestions on draft notification pertaining to new Rule 11UAB of IT Rules, 1962
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
New Delhi, 3rd May, 2018
PRESS RELEASE
CBDT invites suggestions on draft notification pertaining to new Rule 11UAB of IT Rules, 1962
Finance Act, 2018 has inserted clause (via) to section 28 ...
Read More
CBI RAIDS: CA & CIT liasoning in the Net
CBI RAIDS: CA & CIT liasoning in the Net
Read More
Prosecution proceeding by Income Tax Department increased by 184% CBDT
Prosecutions proceedings in case of tax evaders increased by 184% during FY 2017-18: CBDT
MISCELLANEOUS - SHARP INCREASE IN PROSECUTION OF TAX EVADERS BY INCOME-TAX DEPARTMENT
CBDT PRESS RELEASE, DATED 12-1-2018
The Income Tax Department has accorded the highest priority to tackle ...
Read More
IT Judgement CIT vs. Dr. Arvind S. Phake (Bombay High Court)
S. 2(47)(v): Immovable property can be regarded to have been transferred on the date of execution of the Development Agreement and irrevocable General Power of Attorney only if the terms indicate that complete control is given to the developer. ...
Read More
It Judgement CIT vs. Rajasthan And Gujarati Charitable Foundation Poona (Supreme Court)
section 11(1)(a)
S. 11(1)(a) vs. 32: Even if the entire expenditure incurred for acquisition of a capital asset is treated as application of income for charitable purposes u/s 11(1)(a) of the Act, the assessee is also entitled to depreciation u/s ...
Read More