It is unfortunate that the Revenue insists in arguing Appeals in this manner and for subsequent Assessment Years. The Revenue ought to have been fair and brought to the notice of this Court the fact that its Appeal challenging the very findings and conclusions for prior Assessment Years has been dismissed by this Court on merits.
7 December 2014 –Due date for deposit of Tax deducted/collected for the month of November, 2014 15 December 2014 –Second instalment (in the case of an assessee other than a company) or third instalment (in the case of a company) of advance income-tax for the assessment year 2015-16 22 December 2014 –Due date for issue […]
Invitation to comment on the Exposure Draft of the Accounting Standard (AS) 10 (Revised), Property Plant and Equipment issued by the Accounting Standards Board (ASB) of the ICAI The Accounting Standards Board (ASB) of the Institute of Chartered Accountants of India (ICAI) at its 207th meeting considered for the upgradation of existing Accounting Standards in […]
Now it has been decided to grant some transition time to make the Public Notice No. 73 (RE-2013)/2009-2014 dated 18.11.2014 effective. Accordingly, the procedure notified vide Public Notice No. 73 (RE-2013)/2009-2014 dated 18.11.2014 would come into effect from 18/12/2014.
To make it easier for retail investors to participate in OFS, it has been decided that seller may give an option to retail investors to place their bid at cut-off price in addition to placing price bids. In order to do so, following conditions shall be applicable:
Income Tax Rules provide that the following persons shall pay tax electronically (i.e. internet banking facility or through credit/debit cards) on or after the 1st day of August, 2008: i. A company; and ii. A person (other than a company), to whom the provisions of section 44AB of the Income-Tax Act 1961 are applicable. As […]
Effective from 01.07.2013 in terms of service tax notification no 12/2013-ST, All SEZ Unit/ Developers/ Co-developers have to provide Form A2 authorisation from service tax authority for availing the upfront service tax exemption otherwise first pay service tax and claim refund of it from the Govt.
The Directorate of Income Tax (Audit) desired for providing list of auditable cases (u/s 143(3), 144 & 147) from the Income Tax Database. 2. Since, it is important to provide requisite information to the offices of Audit across the country in a structured manner on regular basis, a new functionality has been provided in the ITD application to generate MIS of auditable cases (u/s 143(3), 144 & 147) from the System.
Considering the devastation due to floods in the State of Jammu & Kashmir, the Central Board of Direct Taxes, in exercise of powers conferred under section 119 of the Income-tax Act, 1961 (`Act’) and in continuation to the earlier order under section 119 of the Act dated 16.09.2014, hereby further extends the ‘due date’ of furnishing return of income from 30th November, 2014 to 31st March, 2015, in cases of Income-tax assessees in the State of Jammu & Kashmir which are covered under clause (a) or clause (aa) of Explanation 2 to sub-section (1) of section 139 of the Act.
The Appellant argued that no Show Cause Notice was issued as required under Regulation 20(2) of the CHA Regulations. In response, after one year
