Notification No. 22/2015 – Income Tax It is hereby notified for general information that the organization Indian Institute of Technology (BHU), Varanasi (PAN – AAAJI0396R) has been approved by the Central Government for the purpose of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961 (said Act), read with Rules 5C and 5E of the Income-tax Rules, 1962 (said Rules), from Assessment year
The Securities and Exchange Board of India (SEBI) has proposed to ease the norms for delisting of companies, issue new regulations norms on insider trading, make certain provisions in the listing agreement mandatory and also to introduce Electronic IPO (E-IPO).
With a view to support our members for fast resolution of such queries, the Auditing and Assurance Standards Board (AASB) is pleased to offer an Online support to our members from 23th March, 2015 to 11th April, 2015 for the bank branch audits for the year ended 31st March 2015. The queries can be sent at [email protected].
Navayuga Quazigund Expressway (P)Limited V/s. DCIT (ITAT Hyderabad), It was contended on behalf of the assessee that interest under S.201(1A) was computed by the assessing officer by considering part of the calendar month as full month
Vide Notification No. 114 (RE-2013)/2009-2014, dated 12th Mar’15, DGFT has prescribed following documents(only three in number) which shall be mandatory for the import/export of goods: For export: o Bill of Lading/Airway Bill ; o Commercial Invoice cum Packing List (Separate Commercial Invoice and Packing List would also be accepted); o Shipping Bill/Bill of Export
Delhi Government is now taking the smart decisions and updating the field of assessee for the smooth working and record of the Tax registered and non-registered dealers. The Department had issued a Notf. No. 585–596 dated 15.12.2014, which states that as it is mandatory for all registered dealers to inform the Commissioner about any change effected in the registration particulars;
Place of Effective Management (POEM) As per Section 6 of the Income Tax Act ( As Amended) : The Rules to be followed: As Per Section 6 of the Income Tax Act’1961 (As Amended), It specifies that the Company will be said to be resident in India, if it satisfies the following condition: It is […]
If the returns are furnished and submitted, then, they deserve to be scrutinised. If they should be scrutinised expeditiously and early and equally the claims for refund in pursuance thereof, then, the only direction that we issue is that the Respondents process such cases and as expeditiously as possible.
For export or import of specific goods or category of goods, which are subject to any restrictions/policy conditions or require NOC or product specific compliances under any statute, the regulatory authority concerned may notify additional documents for purposes of export or import.
Budget 2015 came with many of the amendment covering the exempt field under tax net. With the implementation of the same the penalty under the service tax is streamlined along with some harsh measure. Section 80 has been deleted from the book of Finance Act, now even in the case of reasonable cause of mistake service providers has to pay the penalty.
