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Assam Goods and Services Tax Act, 2017 (Download)

June 1, 2017 7359 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 2514 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 21783 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 3597 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

Credit Society eligible for Sec. 80P deduction on Interest on idle fund

May 31, 2017 3648 Views 0 comment Print

When the amount which was deposited in the bank was not an amount due to members and it was not the liability of the society to the members then the interest earned from the deposits in the bank was held to be eligible for deduction under Section 80P (1) as well as 80P(2)(a)(i) of the Act.

ICAI set ups GST Sahayata Desks

May 31, 2017 2997 Views 2 comments Print

To facilitate small businessmen, traders, shopkeepers and public at large ICAI GST Sahayata Desks have been made operational by the Institute of Chartered Accountants of India (ICAI), on pro bono basis at all major cities

14 Key Suggestions on GST Acts by ICAI

May 31, 2017 26589 Views 6 comments Print

Section 171 of the CGST Act provides for the Anti-profiteering measures so as to ensure that benefit of credit available is ultimately passed on to the consumer. However, with change in law and to enable ease of understanding for all the assessees Anti-profiteering measures be kept in abeyance for 2 years.

ICAI: Bifurcation of Paper 4- Taxation of Intermediate (IPC) Examination in 2 sections

May 31, 2017 32232 Views 0 comment Print

It may be observed that currently Paper 4 Taxation of Intermediate (IPC) examination covers questions from both Direct and Indirect Taxes. Candidates are required to write their answers thereon on a single answer book.

Order No. 89 of 2017 – Transfers and postings in the grade of Addl.Joint Commissioner of Income Tax (Local changes) – reg.

May 31, 2017 3003 Views 0 comment Print

The following postings/ transfers ( Local changes) in the grade of Additional/ Joint Commissioner of Income Tax are, hereby, ordered with immediate effect and until further orders:-

Transfers and postings in the grade of Pr. CCIT, Pr. DGIT, CCIT & DGIT

May 31, 2017 5148 Views 0 comment Print

The following postings/ transfers in the grade of Principal Chief Commissioner of Income Tax/ Pr. Director General of Income Tax/ Chief Commissioner of Income Tax/ Director General of Income Tax are, hereby, ordered with immediate effect and until further orders

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