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Manual filing and processing of hills of entry / shipping hills-reg.

June 2, 2017 4356 Views 0 comment Print

The matter has been examined in the Board. In order to redress the issue, it has been decided that only in the rarest of rare and genuine cases manual processing and clearance will be allowed and data for manual documents is compulsorily entered and transmitted at all locations within the stipulated time period.

Assessee can claim expense on removal of encumbrance created by ancestors

June 2, 2017 3183 Views 0 comment Print

During the course of appellate proceedings, the representative of the assessee submitted that the expenditure towards proportionate compensation of Rs. 79,36,350/- is allowable u/s. 48(1) of the Act, as upon succession of the impugned property, the assessee had paid the compensation as per the document submitted. The representative averred that where the assessee’s ancestors create […]

Govt notifies rules for Disciplinary Action on Government Servant

June 2, 2017 1437 Views 0 comment Print

1. (1) These rules may be called the Central Civil Services (Classification, Control and Appeal) Amendment Rules, 2017. (2) They shall come into force on the date of their publication in the Official Gazette.

All about Revised Scheme of Education and Training for CA Course

June 2, 2017 3465 Views 0 comment Print

ICAI has formulated Revised Scheme of Education and Training in lines with International Education Standards issued by IFAC after considering the inputs from various stakeholders.

All about new Functionalities for NPS subscribers

June 1, 2017 1227 Views 0 comment Print

PFRDA takes various initiatives from time to time in order to simplify and improve the operational issues in National Pension System (NPS) like new functionality development under NPS architecture, simplification of account opening, withdrawal, grievance management etc.

Customs Rate of foreign currency exchange WEF 2nd June, 2017

June 1, 2017 3147 Views 0 comment Print

CBEC determines rate of exchange of foreign currencies into Indian currency or vice versa, with effect from 2nd June, 2017, be the rate mentioned against it in the corresponding entry in column (3) thereof, for the purpose of the said section, relating to imported and export goods.

Assam Goods and Services Tax Act, 2017 (Download)

June 1, 2017 6636 Views 0 comment Print

GOVERNMENT OF ASSAM ORDERS BY THE GOVERNOR LEGISLATIVE DEPARTMENT : : : LEGISLATIVE BRANCH NOTIFICATION The 1st June, 2017 No. LGL.123/2017/11.– The following Act of the Assam Legislative Assembly which received the assent of the Governor on 24th May, 2017 is hereby published for general information. ASSAM ACT NO. XXVIII OF 2017 (Received the assent […]

Exemption to State Cricket Association cannot be denied for providing stadium to conduct matches

May 31, 2017 2289 Views 0 comment Print

Whether the activity of conducting one-day matches’T-20 matches and Indian Premier League matches by Tamil Nadu Cricket Association would amount to doing business or trade?

SFT return filing due date extended to 30th June 2017

May 31, 2017 21453 Views 5 comments Print

CBDT hereby extends date of furnishing of statement of financial transactions under Rule 114E(5) of Rules, r.w. section 285BA for Assessment Year 2017-18 front 31st May 2017 to 30th tune 2017 in case of persons throughout India who are liable to furnish the said statement.

Transfers and postings in the grade of ACIT / DCIT (Local changes)

May 31, 2017 3345 Views 0 comment Print

The following postings/ transfers in the grade of Assistant/ Deputy Commissioner of Income Tax (Local Change) are, hereby, ordered with immediate effect and until further orders

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