The Central Bureau of Investigation has arrested an Income Tax Officer, Ward 58(3), D Block, Vikas Bhawan, New Delhi and a Chartered Accountant for demanding and accepting an alleged bribe of Rs. 3.5 lakh from the complainant.
Registration of the application under Section 12AA of the Income Tax Act in the case of the assessee shall take effect from 24.08.2003 i.e. post 6 months from the date of application for registration.
it was held that where complete disclosure of income had been made in the return of income and head of the income undergoes a change at the hands of the Assessing Officer would not by itself justify the imposition of penalty under Section 271(1) (c).
E-Booking of Tickets on the Concessional Passes for Journalists to be Introduced Sale of Tickets through Helpline Terminals for Short Distance Travellers The Minister of Railways Shri Suresh Prabhakar Prabhu said that Indian Railways intends to commence sale of tickets through hand held terminals for the benefit of the suburban and short distance travelers. This […]
The system will identify the applicants whose TIN application will be processed only after field visit by the concerned Nodal Officer. The applicants whose PAN is connected with the PAN of suspicious dealers (as published on the web site of the department) and the applicants in whose case any of the third party verifications fail get covered in this category.
Speech of Shri Suresh Prabhakar Prabhu introducing the Railway Budget for 2016-17 on 25th of February, 2016 Madam Speaker, 1. I rise to present before this August House the Statement of Estimated Receipts and Expenditure for 2016-17 for Indian Railways. 2. Let me begin with a couple of personal experiences. As the Railway Minister of […]
Theme of the Budget Overcoming challenges – Reorganize, Restructure Rejuvenate Indian Railways: ‘Chalo, Milkar Kuch Naya Karen’ Three pillars of the strategy i.e. Nav Arjan – New revenues, Nav Manak – New norms, Nav Sanrachna – New Structures. Financial Performance 2015-16- Savings of Rs. 8,720 crore neutralizing most of the revenue shortfall, expected OR 90%; […]
65,000 Additional Berths and 17,000 Bio Toilets to be Installed. Operations Audit to Improve Punctuality of trains Proposed. Wi Fi Facilities in 400 more Stations. Stations to be Developed Under PPP Mode
In terms of the provisions of Prevention of Money-Laundering Act, 2002 and the Prevention of Money-Laundering (Maintenance of Records) Rules, 2005, Regulated Entities (REs) are required to follow certain customer identification procedures while undertaking a transaction either by establishing an account based relationship or otherwise and monitor their transactions.
Apprehensions that the term person in the DTAA does not specifically include partnerships have been brought to the notice of the Central Board of Direct Taxes (the Board), and further clarity has been sought on whether the provisions of the treaty are applicable to a partnership.
