"09 March 2017" Archive - Page 2

Income from Subletting of Property is House Property Income

Akola Trading Company P. Ltd. v/s ITO (ITAT Mumbai)

Amount received by the assessee on account of subletting the property is only income from house property and has to be treated as such. In such circumstances there is no justification of allowing expenses against the house property income other than that provided as deduction under the scheme of computation of house property income....

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DVAT 3rd quarter of 2016-17 Online Return Filing due date extended to 17/03/2017

Circular No. 26 of 2016-17 (08/03/2017)

Delhi Value Added Tax Rules, 2005, I, H. Rajesh Prasad, Commissioner, Value Added Tax, do hereby extend the last date of filing of online/hard copy of third quarter return for the year 2016-17, in Form DVAT-16 ,DVAT-17 and DVAT-48 along with required annexure/enclosures to 17.03.2017....

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Flour, Meal & Powder of Guar seeds ineligible for MEIS benefit

Public Notice No. 60/2015-2020 (07/03/2017)

DGFT hereby deletes MEIS benefit on flour, meal and powder of Guar Seeds of heading ITC(HS) 0713. Existing product description of the export item at Sl. No. 472 of Appendix 3B of MEIS schedule is amended as below with immediate effect:...

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Contribution to unrecognized Provident fund not eligible for deduction U/s. 80C

M/s. Kodakkad Service Co-operative Bank Ltd. Vs The Income Tax Officer (TDS) (ITAT Cochin)

Admittedly, the contributions of the assessees to the Provident Fund are not a recognized Fund, the same are not eligible for deduction u/s. 80C (2) (vi) of the I.T. Act. ...

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Aadhaar mandatory for Benefits under Bonded Labour Rehabilitation Scheme with relaxation

Notification No. S.O. 751(E) (06/02/2017)

An individual eligible to receive the benefits under the Bonded Labour Rehabilitation Scheme hereby, is required to furnish proof of possession of Aadhaar number or undergo Aadhaar authentication....

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Implement Universal Basic Income for women

Saluting the un-measureable contribution of women to the society, apex industry body ASSOCHAM today picked up the idea of Universal Basic Income (UBI), only for women, from a key government document, stating implementation of such a scheme can bring in significant transformation in India’s socio-economic landscape....

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Posted Under: Income Tax |

Science & Technology Ministry to virtually reproduce all monuments

The Union Science and Technology Ministry will reproduce all monuments, Buddhist Circuit using three dimensional (3D), cyber physical systems and other technologies with a view to virtually promote architectural heritage, a top official said at an ASSOCHAM event held in New Delhi today....

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Posted Under: Income Tax |

Change in No-Detention Policy under RTE Act, 2009

Section 16 of the Right of Children to Free and Compulsory Education (RTE) Act, 2009 stipulates that ‘No child admitted in a school shall be held back in any class or expelled from school till the completion of elementary education’. Thus, the policy covers elementary stage of schooling covering classes 1 to 8....

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Posted Under: Income Tax |

Empanelment of CA Firms for Internal Audit of Chhattisgarh State Marketing Corp. Ltd.

Applications are invited from Chartered Accountants (Partnership! LLP / Sole proprietorship firms) registered with the Institute of Chartered Accountants of India (ICAI) who intends to be empaneled with Chhattisgarh State Marketing Corporation Limited (hereinafter referred to as CSMC) for appointment as Internal Auditors for the year 2017...

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Posted Under: Income Tax |

Appointment of internal auditor under Gujarat Horticulture Mission

Appointment of internal auditor under Gujarat Horticulture Mission Download Full Text...

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Posted Under: Income Tax |
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