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Instructions

Functionality of Withholding of Income Tax Refund u/s 241A- Reg.

December 14, 2018 5145 Views 0 comment Print

ITBA-ITR Processing Instruction No. 5 DIRECTORATE OF INCOME TAX (SYSTEM) ARA Center, Ground Floor, E-2, Jhandewalan Extension, New Delhi – 110055 F.No. System/ITBA/Instruction/ITR Processing/112/16-17/ Dated: 14.12.2018 To All Principal Chief Commissioners of Income-tax/CCsIT All Principal Director Generals of Income Tax /DGsIT All Principal Commissioners of Income-tax/CsIT/CsIT(Admin & TPS) All Principal Directors of Income Tax/DsIT Madam/Sir, […]

Online exam under Customs Brokers Licensing Regulations from Year 2019

December 14, 2018 8034 Views 4 comments Print

CBIC has decided that the written examination under regulation 6 of the Customs Brokers Licensing Regulations, 2018 will be held online from the year 2019 onwards. The online examination will be conducted by National Academy of Customs, Indirect Taxes and Narcotics (NACIN).

Internal Audit Procedure of Registration Process of Charitable Trusts

December 14, 2018 3492 Views 0 comment Print

It has been recommended by the Hon’ble Public Accounts Committee that the process of the Registration Process of Charitable Trusts / Institutions should be brought under the purview of internal audit.

Bogus donation racket under section 35(1)(ii)- CBDT Advisory

December 14, 2018 26649 Views 6 comments Print

It emerges that the above Trust was earlier approved under section 35(1}(ii} of the Act which expired on 31.03.2006. Thereafter ,this entity, being not recognized for purpose of section 35(1)(ii) of the Act, is not eligible to raise donations for undertaking scientific research however, the Trust has raised substantial donations over the last six years on the basis of a forged certificate while the donors have irregularly claimed weighted deduction u/s. 35(1)(ii) of the Act on donations made to the Trust.

CBT issues directions on filing of Appeal on merit on 7 Issues

December 11, 2018 2415 Views 0 comment Print

It has been unambiguously and expressly provided that adverse judgments relating to the following issues should be contested on merits notwithstanding that the tax effect entailed is less than the monetary limits specified in para 3 above or there is no tax effect:

Revised guidelines relating to works contract under GST

December 10, 2018 24669 Views 2 comments Print

On careful consideration of the representation of the contractors visa-vis existing guidelines issued in the matter, Government have been pleased to issue following revised guidelines in supersession of the guidelines issued vide Finance Department letter dated 07.12.2017:

Chairman CBIC’s weekly newsletter dated 07.12.2018

December 7, 2018 603 Views 0 comment Print

I am sure these Probationers will diligently shoulder their responsibilities as IRS officers at a time when Indian Customs has made a distinct mark in trade facilitation and ease of doing business and when GST implementation is in the

PCIT/CIT to ensure removal of defects of pending appeals before HCs

December 7, 2018 1413 Views 0 comment Print

PCIT/CIT is personally responsible as per Instruction No. 7 of 2011 to ensure proper filing of appeals in High Courts & consequential follow up action. Proper filing of appeals implies that defects /office objections raised by High Court’s Registry

ITR Processing or Assessment in Fraudulent PAN/TAN cases: SOP

December 6, 2018 29274 Views 0 comment Print

. The suspected fraud cases are being reported to CPC-ITR, Bengaluru by CPC-TDS and various field formations. Such suspected cases are broadly classified in two categories i.e (i) Suspected Fraud PANs (ii) PANs linked with the suspected fraud TANs.

Non Submission of Online monthly IW1 return- Reg.

November 28, 2018 19599 Views 4 comments Print

As you may be aware that facility for online submission of IW-1 return by employers has started from 1st November 2018. It is observed that such returns are not being submitted online by concerned employers of establishments employing International Workers

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