Income TAx Dept Enhances of E-Filing utility for filing return after expiry of 15 days of issuance of notice under section 139(9) as original return or belated return
1. (1) These rules may be called the Central Excise (Advance Rulings) Amendment Rules, 2017. (2) They shall come into force with effect from the 1st day of April, 2017.
ICAI has decided that Goods and Services Tax (GST) will be examined in both Part II: Indirect Taxes of Paper 4: Taxation of Intermediate (IPC) Course and Paper 8: Indirect Tax Laws of Final Course from May, 2018 examination onwards.
Some recent changes were reported by the members at the E filing website of the Income-tax department due to which the link ‘Know your PAN/TAN/A.O.’ was not directly accessible.
In the light of various judgments of the Apex Court and this Court, we hope that wisdom would prevail on the lawyers, so far as the present call to abstain from work is taken by the respondents. It is needless to say that everyone including the community of lawyers have to abide by the directions of the Apex Court in terms of Article 141 of the Constitution.
Can Government collect tax from Un-registered Person under GST? ..Answer, No (but indirectly, Yes – thru Reverse Charge Mechanism!!)
APPEAL is made to ALL ENROLLED ADVOCATES of Bar Council of Maharashtra & Goa. that Law Commission of India has proposed Amendments in Advocates Act, 1961 by Amendment Bill 2017.
THE FINANCE ACT, 2017- No. 7 OF 2017 of Parliament received the assent of the President on the 31st March, 2017, and is hereby published for general information:
5G. Option form for taxation of income from patent under section 115BBF.- (1) For the purposes of exercising the option for taxation of income by way of royalty in respect of a patent developed and registered in India, by an eligible assesse under section 115BBF, the eligible assessee shall furnish Form No. 3CFA duly verified in the manner indicated therein, and the same shall be furnished by the eligible assessee in the following manner, namely:-
Individuals with salary and interest income will have to fill fewer columns as some of these for claiming income deductions have been clubbed in ITR1 form called ‘Sahaj’.
