Learned counsel for the petitioners submits that the Lok Adalat could not have passed the order on merits and should have been referred the case to the Regular Court for adjudication and if the orders are passed thereafter the substantial right of the petitioner would have been affected, therefore, the impugned order dated 09.09.2017 be set aside and the case be referred to the regular Court for decision on merits.
Board has gone through the list and decided the following names for Commendation Certificates on the GST Day, 2018. You are requested to kindly inform the awardees regarding their Commendation Certificate and provide any assistance required.
All the CbC Reports filed in India as well as exchanged by other jurisdictions shall be primarily accessed by the Competent Authority of India (Joint Secretary, FT & TR-1 and Joint Secretary, FT & TR-11 in CBDT) and DGRA in accordance with the provisions of the treaties and the Act, 1961.
Section 80D: Deduction Under Section 80D for Mediclaim Insurance Premium to Individual, HUF, Senior Citizens.
Financial Stability Report reflects the overall assessment of the stability of India’s financial system and its resilience to risks emanating from global and domestic factors. The Report also discusses issues relating to developments in and regulation of the financial sector.
On 25.06.2018 SEBI Issues List Of 1690 Defaulters As On March 31, 2018 For Non-Payment Of Penalty Imposed By SEBI Through Orders Passed upto December 31, 2017. List Contains Name of the Defaulter, Address of the Defaulter, Scrip in which Violation been committed, Amount of Penalty Imposed by SEBI in Rupees and Date of Adjudication […]
As a self-employed professional with your own chartered accountancy practice, your needs are sure to be varied from that of a salaried professional, especially when it comes to finance. Apart from planning finances for your personal life, you will also need to ensure that your business has sufficient funds to operate smoothly and successfully. In […]
Addition made in the income u/s 69B on account of failure of assessee to substantiate the excess stock found at his premises was not justified as the excess stock came on account of sale price taken by Department and since inception of assessee-firm, it was valuing inventory on average cost method/weighted cost price which was verifiable from the statement of accounts appended to Return of Income thus, a method of accounting / Valuation adopted by the taxpayer consistently and regularly could not be discarded by the departmental authorities.
The Income Tax Act allows a salaried individual to claim certain deductions in order to save on taxes. However, to avail the benefits of such deductions, the individual must ensure proper tax planning during the year. Such deductions are allowed on the Gross Total Income (GTI), and income tax is levied on the balance income, […]
With everyday grooming world and innovative environment, traditional way of working is changing now. There were a time when people were not familiar with computer and typical accountant were there to maintain the books, but with the passage of time we even cannot think to do the accounting without technology, whether its computer hardware or software available to us.
