Income Tax Assesses maintaining books of accounts : They should prepare their balance sheet as on 8th November ,2016 and ascertain their cash balance.
It has been decided to call for Financial Documents of the applicants for Multipurpose Empanelment, for the year 2016-17. The above MEF has been selected as one of those to submit the Financial Documents in connection with the subject empanelment.
Shri Anil Agarwal Vs ACIT (ITAT Indore) It has been held that even when the Assessing Officer of the person searched and the other person is common, the Assessing Officer of the person searched has to necessarily form a satisfaction that the item referred to in section 153C belongs or belong to a person other […]
Buying mutual funds is a great way of saving, both for short and long term financial needs. One of the outcomes of investing in mutual funds is building of portfolios
Terrorism and ugly politics, funded by black money, are a cancer for India and PM Narendra Modi is the only Doctor who can cure it.
Henceforth powers for correction of spelling mistakes in names upto two letters and change of surname in case of female employees on account of marriage shall be delegated to APFC (Accounts) .
A Sting Operation carried out by AajTak News channel wherein 2 ICAI members shown talking about converting black money by charging commission of 30% to 40%.
RBI advises banks to send daily report to RBI with details of Specified Bank Notes (SBNs). It has been observed that the banks are sending the reports with significant delay causing severe inconvenience in collation and consolidation of data at RBI.
With a view to ensure compliance with provisions of 114B of the Income Tax Rules, 1962, the banks are advised as under: Anybody depositing more than ₹ 50,000/- in cash in their bank account has to submit a copy of the PAN card in case the bank account is not seeded with PAN
Since years, its been policy of Central as well as State governments to provide tax incentives for operating in specified areas, mainly in north and north-eastern States under various schemes.
