As part of the Ministry’s efforts towards promoting Ease of Doing Business to stakeholders, MCA (Ministry of Corporate Affairs) notified the New version of SPICe (Form INC-32) with date of effect as 30th January 2017
Economic Survey 2016-17 discussed on major distortions in internal trade in the existing tax system and also hoped that GST will normalize the situation. Major distortions identified are:-
Rate of tax for all assessee Individual reduced from 10% to 5% in slab of Rs. 2,50,000 to Rs. 5,00,000. Introduction of Surcharge at 10% for assessee having income between Rs. 50 lacs to Rs. 1 Crore. Simplified form for filing income tax return to be announced which will be a one-page form only.
The appellant has assailed the legality and validity of the impugned judgement of conviction under Section 302 of the IPC and sentence of life imprisonment which has been awarded to him by the trial Court in ST No.379/99 for committing murder of deceased Etwa Ram.
Fact that direct one to one relationship between purchases and sales have not been established, I am of the view that estimation of 12.5% as profit embedded in impugned purchases shown from these tainted parties and adding the same to the total income returned, would meet the ends of justice.
These Appeals under Section 260A of the Income Tax Act, 1961 (the Act), challenge a common order dated 11th October, 2013 passed by the Income Tax Appellate Tribunal (the Tribunal). The common impugned order deleted the penalty imposed upon the Respondent Assessee for the Assessment Years 200304, 200405, 200506 and 2006-07.
he factum of issuance of notice within time is to be proved on query by the authority whose jurisdiction is challenged for want of The aggrieved party cannot be asked to lead negative evidence in support of its claim.
Last Date : Feb 13, 2017 Application for Empanelment of Information System(IS) Auditors with Oriental Bank of Commerce Terms & Conditions for empanelment as Information Systems(IS) Auditor a) Eligibility Creiteria The eligibility criteria shall be as under:- • The Firm/Company should be a Proprietorship/Partnership firm/Company of Chartered Accountants. • The Firm/Company must be in existence for […]
AO declined assessee’s claim of deduction on the plea that the profit claimed as deduction u/s 80-IB(10) of the Act was not derived from the housing project but from sale of unutilized FSI.
In our last article, we discussed the various provisions relating to Input tax credit under Draft Model GST law. We had also discussed that there will be more transparency in the system with respect to taxes paid and credit thereon to the recipient. Here we will understand how the mechanism of input tax credit will […]
| M | T | W | T | F | S | S |
|---|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5 | 6 | 7 |
| 8 | 9 | 10 | 11 | 12 | 13 | 14 |
| 15 | 16 | 17 | 18 | 19 | 20 | 21 |
| 22 | 23 | 24 | 25 | 26 | 27 | 28 |
| 29 | 30 | 31 | ||||
