As you all are aware that the Union Budget 2017-18 presented in the Parliament on 1st February, 2017 contains various proposed changes in the Finance Bill, 2017. The Institute has submitted the Pre-Budget Memorandum 2017-18 to the Ministry of Finance on 31st October, 2016.
By this Writ Petition, under Article 226 of the Constitution of India the Petitioner inter alia prays for issuance of a Writ of Mandamus calling for the record and files in respect of the service of the Petitioner from the office of the Respondents and after perusal of the same to declare the letters dated 30th October, 2012
Courts across the legal system – this Court not being an exception – are choked with litigation. Frivolous and groundless filings constitute a serious menace to the administration of justice. They consume time and clog the Productive resources which should be deployed in the handling of genuine causes are dissipated in attending to cases filed only to benefit from delay, by prolonging dead issues and pursuing worthless causes. No litigant can have a vested interest in delay.
Amount received by the assessee on account of subletting the property is only income from house property and has to be treated as such. In such circumstances there is no justification of allowing expenses against the house property income other than that provided as deduction under the scheme of computation of house property income.
Section 269SS and 269T of the Income Tax Act, 1961, the requirements under the Income Tax Act, 1961, as amended from time to time, would be applicable to all NBFCs with immediate effect. Currently, the relevant threshold under the Income Tax Act, 1961 is Rupees Twenty thousand.
The response(s) filed by the tax payer(s) on Cash Transaction 2016 module on e–filing portal is shared with the officer/Assessing officer(s) through AIMS This directorate has issued the EFS Instruction No. 61 dated 21.02.2017 related to its functionalities.
Saluting the un-measureable contribution of women to the society, apex industry body ASSOCHAM today picked up the idea of Universal Basic Income (UBI), only for women, from a key government document, stating implementation of such a scheme can bring in significant transformation in India’s socio-economic landscape.
The Union Science and Technology Ministry will reproduce all monuments, Buddhist Circuit using three dimensional (3D), cyber physical systems and other technologies with a view to virtually promote architectural heritage, a top official said at an ASSOCHAM event held in New Delhi today.
Section 16 of the Right of Children to Free and Compulsory Education (RTE) Act, 2009 stipulates that ‘No child admitted in a school shall be held back in any class or expelled from school till the completion of elementary education’. Thus, the policy covers elementary stage of schooling covering classes 1 to 8.
Applications are invited from Chartered Accountants (Partnership! LLP / Sole proprietorship firms) registered with the Institute of Chartered Accountants of India (ICAI) who intends to be empaneled with Chhattisgarh State Marketing Corporation Limited (hereinafter referred to as CSMC) for appointment as Internal Auditors for the year 2017-2018.
