Empanelment of the following officers for promotion to the grade of Chief Commissioner of Income Tax (CCIT) in the Indian Revenue Service (Income Tax) in Level 16 in the Pay Matrix for the panel year 2021 w.e.f the date of assumption of the charge of the post and until further orders:
Reply to RTI application revealed that around 90% of the applications filed by NGO have been rejected for the reason best known to the Income-tax department Pune.
The government of India has extended the last date for ITR filing to September 30th, however, especially because of the new reforms introduced by the Union Budget earlier this year, it is not advised to wait until closer to the day. Filing returns could seem like a daunting and annoying task to begin with but an income tax calculator can make the job so easy to do!
Members may kindly note that the Revised MEF Form for the year 2021-22 is expected to be made live (at meficai.org) in the month of October 2021.
Ministry of Commerce & Industry Simplified Patent and Copyright Registration helping India become an innovation hub : Shri Piyush Goyal Fees for Start-ups, MSMEs, Women Entrepreneurs reduced by 80% India sees four fold increase in Patent and Trade Mark registrations during the last 5 years India’s ranking in Global Innovation Index up from 81st to […]
58. Supplementary Articles (1) An articled assistant who has taken leave in excess of the period of leave to which he is entitled under Regulation 59 shall be required to serve for a further period equivalent to the excess leave taken by him.
ILLIQUID STOCK TRADING AND TAX EVASION 1. The ‘scam’ So a new scam beckons us. That of allegedly executing fraudulent trades in illiquid stock options by committing irregularities in the equity derivative segment. 2. Operation Falcon Popular belief is that the scam unearthed after the investigation wing of the I-T Department launched ‘Operation Falcon’ in […]
(Circular No. 16/2021–Customsdated 19thJuly 2021; Notification Nos. 45/2017–Customs and 46/2017–Customs, both dated 30thJune 2017; Notifications No. 36 & 37–Customs dated 19thJuly 2021) IGST on repair cost, insurance and freight, on goods re-imported after being exported for repairs The GST Council, at the time of roll out of GST decided to continue the concession as were […]
Ajay Enterprises Pvt. Ltd. Vs DCIT (ITAT Delhi) The solitary ground raised by the assessee in this appeal pertains to disallowance of Rs. 10,47,025/- incurred by the assessee during the year as ground rent on lease hold properties to L& DO. According to the AO this amount is not allowable u/s 43B of the Income […]
Tata Consultancy Services Ltd. Vs DCIT (ITAT Mumbai) From the stage of the assessment proceeding itself, it is the claim of the assessee that the term ‘tax’, as defined under section 2(43) of the Act would only include taxes chargeable under the Indian Income Tax Act. It is the further case of the assessee that […]
