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Assessment u/s 153A is Limited to search related income only

March 12, 2017 2895 Views 0 comment Print

It is held that the Assessing Officer while framing the assessment under Section 153A of the Act for the block period may make addition considering the incriminating material found for the year under consideration only which was collected during the search.

Equality in World of Workplace: International Women’s Day– March 8

March 12, 2017 507 Views 0 comment Print

We also need to encourage our girls to pursue broad range of careers (like military & sports) and choices beyond the traditional soft jobs like teaching banking etc. We need to teach our girls to dream big.

Lok Sabha Passes the Admiralty Bill,2016

March 12, 2017 1008 Views 0 comment Print

The Admiralty (Jurisdiction and Settlement of Maritime Claims) Bill, 2016 was passed by the Lok Sabha yesterday. The Bill aims to establish a legal framework to consolidate the existing laws relating to admiralty jurisdiction of courts, admiralty proceedings on maritime claims, arrest of vessels and related issues.

Rule-8D is not attracted if assessee has voluntarily computed disallowance

March 11, 2017 2175 Views 0 comment Print

Under sub-section (2) of Section 14A of the Act, the Assessing Officer is required to examine the accounts of the assessee and only when he is not satisfied with the correctness of the claim of the assessee in respect of expenditure in relation to exempt income,

Download Unofficial/Tentative Draft State Goods and Services Tax Bill, 2017

March 11, 2017 17151 Views 0 comment Print

We have received a copy of Draft State Goods and Services Tax Bill, 2017 on Social Media which is a Tentative Draft dated 28.02.2017. Source of Draft bill is unknown and seems to be leaked by someone who is associated with preparation / Finalization of Bill.  We have uploaded the same on our website for […]

Nari Shakti Puraskars 2016: International Women’s Day– March 08

March 11, 2017 909 Views 0 comment Print

Women have played an integral role in Indian history from ancient times. We find that in the Vedic or Upanishadic age Maitreyi, Gargi, and others ladies of revered memory have taken the places of rishis through their skill in discussing about Brahman.

Cash Deposit by 17.92 Lakh persons not matches their tax profile

March 11, 2017 38025 Views 2 comments Print

Operation Clean Money; Income Tax Department identifies 17.92 Lakh persons whose tax profiles were not in line with the cash deposits made by them during the demonetization period

Show cause notices to 1018 companies for violation of CSR norms

March 11, 2017 3909 Views 0 comment Print

Show cause notices have been issued to 1018 companies for 2014-15 for violation of Section 135 read with Section 134(3) (o) of the Companies Act, 2013.

Paytm & Reliance Jio to reply on use of PM Photo in advertisements

March 11, 2017 1182 Views 0 comment Print

Department of Consumer Affairs sought clarification from Paytm and Reliance Jio regarding use of the photograph of the Prime Minister in their respective full page advertisement contravening the ‘prior permission’ stipulation in such cases under ‘The Emblems and Names (Prevention of Improper Use) Act, 1950’.

Visit ECI website to get Election Result, Analysis and Trends

March 11, 2017 1143 Views 0 comment Print

Dissemination of Trends and Results of General Elections of 5 Assemblies to start at 8 am tomorrow through ECI website. A Novel Initiative: ECI website to provide Comparative Analysis on Results of 5 Assembly Elections, 2017 with the 2012 polls

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