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CA Intermediate & Final May 2017 Examination Admit Cards

April 7, 2017 2319 Views 0 comment Print

Admit cards in respect of candidates admitted to the Intermediate (IPC) and Final May 2017 examination, with their photographs and signatures on them, are hosted on icaiexam.icai.org

CBDT chief congratulates staff on achieving direct tax collection target

April 7, 2017 1395 Views 1 comment Print

It gives me immense pleasure in congratulating you all for accomplishing the Budget Collection Target of Rs. 8.47 lakh Crore for the F.Y. 2016-17, thereby contributing significantly in the revenue mobilisation efforts of the Government for the developmental schemes for public at large.

President assents Mental Healthcare Act, 2017

April 7, 2017 2316 Views 0 comment Print

An Act to provide for mental healthcare and services for persons with mental illness and to protect, promote and fulfil the rights of such persons during delivery of mental healthcare and services and for matters connected therewith or incidental thereto.

EPCs to lay down roadmap for changeover to online issue of RCMCs

April 7, 2017 6639 Views 0 comment Print

This Office has received a request from Chemical and Allied Export Promotion Council of India (CAPEXIL) for permission to issue online RCMCs along with the online format of RCMC (copy enclosed), slightly tweaked to adopt to the digital set up.

New Year, New Law, New Bharat -“GST”

April 7, 2017 2463 Views 0 comment Print

India moves an inch closer to the dream of a unified tax reform, by welcoming a new chapter in Indian Economics- Goods and Service Tax. GST is a single tax on the supply of goods and services, right from the manufacture to the consumer.

Transitional Provisions for Cenvat Credit & Taxes – Part II

April 7, 2017 3342 Views 0 comment Print

In this article we shall focus on other transitional scenarios like Job work, sales return, goods sent on approval basis, refund claims, appeals, references & reviews etc.

Imprisonment with fine on then ITO, Rudrapur (Uttarakhand)

April 7, 2017 2541 Views 0 comment Print

The Special Judge, CBI Cases, Dehradun has today sentenced Shri Arun Kumar Ranjan, then Income Tax Officer, Rudrapur (Uttarakhand) to undergo ten years Imprisonment with fine of Rs.One lakh.

Connecting Aadhaar with PAN & challenges to be faced by foreign nationals filing Income Tax Returns in India

April 7, 2017 4056 Views 3 comments Print

As per the newly inserted Section 139AA of the Finance Act 2017, if a person covered under this section want to file a return of income on or after July 1, 2017, it will be mandatory for him to quote the Aadhaar number in the return.

Simplification of place of supply of services when location of supplier or location of recipient is outside india

April 6, 2017 8208 Views 4 comments Print

Section 13 provides separate principles for determining place of supply for specified services. If services are other than specified services, then general rule has to be followed. Let’s start with the general rule which is tabulated below :

Concealed income found during search and Survey is to be distributed among all family members

April 6, 2017 2412 Views 2 comments Print

We have heard the learned counsel for the parties and perused the impugned order dated 14th December,2005 passed by the High Court of Judicature at Madras. The High Court has dismissed the appeal filed under Section 260A of the Income Tax Act,1961 on the ground that no substantial question of law arises.

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