Notification No. 75/2015 – Income Tax – Under Rule 2BB of Income Tax Rules various allowance and extent to which the same can be claimed as exempt by Salaried Assessee is been specified. Under the same rule Exemption limit of Transport allowance also been given. In this rule be amendment the higher exemption limit of Transport allowance of Rs. 3200/- per month been made available to deaf and Dumb salaried Assessee. Earlier the higher exemption limit was available only to blind or orthopaedically handicapped with disability of lower extremities.
All Gujarat Federation of Tax Consultants vs. CBDT (Gujarat High Court), Special Civil Application No. 15075 Of 2015, Dated-15.09.2015. Update on 30.09.2015- Click here to Download Copy of Gujarat High Court Judgment – Update on 29.09.2015- Gujarat High Court directs CBDT to extend the due date for Filing of ITR to 31st October 2015. Also Read- Guajrat HC also Directs CBDT to extend due date to 31st October 2015
Vishal Garg & Ors. Vs. Union of India & Anr. (Punjab & Haryana High Court), CWP- 19770 -2015, Dated- 15.09.2015 High Court Directed CBDT to Extend due date of ITR from existing 30.09.2015 to 31st October 2015. Court also provided future guidelines for issuing forms. Check Link- Tar Audit/ ITR date extended to 31st October 2015
CBDT extends date only in Punjab, Haryana, UT of Chandigarh and Gujarat Update on 29.09.2015 – Case is been dismissed by High Court following the judgment of same court in the case of Rajasthan Tax Consultants Association & Anr Vs. UOI. Update on 28.09.2015- As writ in the case of Rajasthan Tax Consultants Association & Anr […]
Rajasthan Tax Consultants Association & Anr Vs. Union Of India & Anr (Rajasthan High Court, Jodhpur) , CIVIL WRIT NO. 11037 of 2015 , Dated -22.09.2015 Writ is been dismissed by Jodhpur Bench of Hon’ble Rajasthan High Court following judgment of Delhi High Court.
Avinash Gupta V/s Union of India and Ors (Delhi High Court) , W.P.(C) 9032/2015 As per information received from Appellant CA Avinash Gupta, While hearing the above case on the matter of extension of due date of Tax Audit Report and Income Tax Return Filing, Hon;ble High Court has interalia issued directions to CBDT To notify ITR Forms on or before 1st day of the assessment year and to record reason for delayed release of ITR if it fails to release ITR on time.
Notification No. 74/2015 – Income Tax section 10 of the Income -tax Act, 19161 (43 of 1960, the Central Government hereby declares that any income arising to Mi’s Thales Systemes Aeroportes SAS, having its office at S.A. au capital de 81 007 176 Euros RCS
The Companies Act, 2013 requires companies to compute the depreciation in accordance with the Schedule II to the Companies Act which provides useful lives to compute the depreciation. Accordingly, provisions governing charge of depreciation in the erstwhile Schedule XIV to the Companies Act, 1956 have been replaced with Schedule II to the Companies Act, 2013.
It has been decided henceforth that stock taking will not be allowed to any retail private vends licencees as well as Corporation vends. Therefore, final opportunity is hereby given to all retail licencees that they will take the stock before 25.09.2015. Thereafter, no stock take sold will be allowed. Thereafter no assumption of stock take sold will be available for the left over stock. If any stock in the liquor vends is found as stock take sold it would be considered as repeat stock and strict action like prosecution and cancellation of licence would be taken.
A family is an anchor during rough waters. So, what are you doing to be the anchor? It’s quiet obvious that you are doing your best to offer a life of ease to your family; however, have you considered safeguarding your family’s health in case a situation of crisis comes up? If not, now is the time!
