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Archive: 27 October 2014

Posts in 27 October 2014

Updation / correction of Information on Income Tax Website

October 27, 2014 3207 Views 0 comment Print

It is to bring it to your notice that the new Departmental website www.incometaxindia.gov.in has been made operational with entirely a new frame and flavour added with new contents, information and number of new links. The website contains separate pages for Pr. CCIT (CCA) regions and Director Generals which contains content such as Directory of Officers, CPIO etc.

DVAT- Link of restoration of Registration

October 27, 2014 3136 Views 0 comment Print

It is hereby informed that henceforth the link of restoration of Registration shall be available with the Assistant Commissioner/AVATO of Zone, who has been nominated as nodal officer for system issues, as per the following details. Before restoration of any registration the concerned ward authorities will process the proposal and seek approval of competent authority as per the provisions/rules/guidelines in this regard.

Loss from a Business Activity cannot be disallowed for mere non mention of that Activity in Form 3CD

October 27, 2014 1890 Views 0 comment Print

We have heard rival submission and perused the material on record. It is not disputed that the assessee had started the business of trading in shares from A.Y. 2007-08. For A.Y. 2007-08, assessee had earned profit of Rs.7,73,143/- which has been declared as “business income”

Restaurant Services: Punjab And Haryana High Court Issues Notices To Centre And State

October 27, 2014 3312 Views 0 comment Print

On 16.10.2014 Hon’ble Punjab and Haryana High court issued notice of motion to the Centre and State Governments to appear on 05.12.2014 in the case of M/s Ramneek Beer Bar & Restaurant vs. Union of India and others (CWP No. 21365 of 2014). The case was heard by Bench Comprising of Honourable Judges Mr. Rajiv […]

Suggestions from the Industry and Trade Associations for Budget 2015-16 Regarding changes in direct and indirect taxes

October 27, 2014 1158 Views 0 comment Print

In the context of formulating the proposals for the Union Budget of 2015-16, the Ministry of Finance would like to be benefited by the suggestions and views of your Association. You may like to send your suggestions for changes in the duty structure, rates and broadening of tax base on both direct and indirect taxes giving economic justification for the same.

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