In brief, the issue is whether the time limits specified in Section 115VP(2) of the Income Tax Act, 1961 is mandatory? Briefly stated facts are that Section 115VP was introduced for regulating method and time of opting for tonnage tax scheme. Such provision was in relation to Chapter XII-G pertaining to special provisions relating to income of shipping companies. Clause (m) of Section 115V defines “tonnage tax scheme” as to scheme for computation of profits and gains of business of operating qualifying ships under the provisions of that Chapter.
The Election Commission (EC) has decided to accept PAN card, driving license and Aadhar letter as valid documents of proof of date of birth, which can be submitted by an applicant for registration as an elector, an official said on Wednesday.
Government has issued guidelines for suo motu disclosure by Central Government Ministries/Departments and Public Authorities thereunder. These guidelines are based on the recommendation of the Task Force set up by the Government for strengthening compliance with provisions for suo motu (proactive) disclosure as given in Section 4 of the RTI Act, 2005. This task force […]
TRAI has released a consultation paper on “Guidelines/Accreditation Mechanism for Television Rating Agencies in India”. MIB has sought recommendations of TRAI for laying down comprehensive guidelines/accreditation mechanism for TRP (Television Rating Points) rating agencies in India to ensure transparency and accountability in the rating system. TRP ratings are generated by measuring what is being viewed […]
If employers deposits employee’s Provident fund contribution before due date as referred to in section 43B, employer is eligible for benefit under said section-High Court-Karnataka in case of COMMISSIONER OF INCOME TAX Versus M/s SPECTRUM CONSULTANTS INDIA PVT LTD.
Sealed quotation is hereby invited by the District Magistrate & District Programme Co-ordinator, NREGS, Coochbehar from resourceful bonafied reputed chartered Accountant or ICWA Firm / Professionally skilled person having valid Income Tax / Service Tax etc. registration with experience and reputation and expertise in conduction of Institutional Financial Audit.
The Special Judge for CBI, cases, Dhanbad(Jharkhand) has convicted Shri Pravin Kumar Jain, the then Assistant Commissioner, Central Excise & Customs, Dhanbad and sentenced him to undergo three years Rigorous Imprisonment with fine of Rs. 10,000/- in each section of 7 & Sec.13(2) r/w 13(1) (d) of PC Act 1988 in a bribery case.
In exercise of the powers conferred by section 252 of the Income-tax Act, 1961, the Central Government has constituted the Income Tax Appellate Tribunal to hear appeals against the orders passed by various authorities stated in section 253 of the Act.
CIRCULAR NO. 4/2013-Income Tax The deductor, issuing the Part A of Form No. 16 by downloading it from the TRACES Portal, shall, before issuing to the deductee authenticate the correctness of contents mentioned therein and verify the same either by using manual signature or by using digital signature in accordance with sub-rule (6) of Rule 31.
The genesis of this book is an exercise carried out to compile best quality assessment orders passed in each Chief C.I.T region of Gujarat during the Financial Year 2011-12. On analyzing these orders it emerged that majority of additions were relatable to issues pertaining to 19 topics. Therefore it was decided to constitute an expert […]
