The Aaykar Diwas – Income Tax Day was celebrated today across India. The main function at Vigyan Bhavan, New Delhi was graced by the Honourable Finance Minister of India, Shri Arun Jaitley. Shri Santosh Kumar Gangwar, the Minister of State for Finance (Revenue), senior officials of Revenue Department including the Revenue Secretary, Chairman and Members of the Central Board of Direct Taxes and senior officers of the Income Tax Department (ITD) attended the event.
PwC’s comprehensive report on ‘Transactions in the real estate sector’ covers the various tax and regulatory aspects that need to be considered while entering into transactions in the real estate sector.
The above referred story incorrectly portrays about incidents being reported at the venue of CA Day 2017 celebrations i.e. at Indira Gandhi Indoor Stadium on July 1, 2017. It has been mentioned that force was used by the Police to control the crowd at the venue & Chartered Accountants were shouting slogans against the Govt.
Technical Guide on Income Computation and Disclosure Standards The Ministry of Finance vide Notification No. 87/2016 dated 29.09.2016 notified ten Income Computation and Disclosure Standards (ICDSs), operationalizing a new framework for computation of taxable income by all assessees (other than individual or a HUF who is not required to get his accounts of the previous […]
Returns Offline Tool Version V1.0 Download, extract and run the GST Offline Tool to collate and upload the invoices and other data in offline mode. Link to Download offline GSTR 1 creation tool for Invoice and Other Data upload gst_offline_tool.zip will contain following four files Sample_files Offline Tool User Manual Readme GST Offline Tool 1. […]
Income-tax Return Forms for the Assessment Year 2017-18 were notified on 30th March, 2017. A number of representations were received from the non-residents that they are facing difficulties in getting refund as they do not have bank account in India and there is no column in the notified form of return of income for reporting details of foreign bank account by the non-residents for this purpose.
The Government has launched the system of issuing e-patent certificates after grant of patent, by issuing a public notice on 3-7-2017.The salient features are enumerated below:-
Income tax was first introduced on 24th July, 1860 by the British to compensate for the losses suffered by them during our first war of independence in 1857, post-independence
The last date for submission of Online MEF Form for the year 2017-18 is 15th August, 2017 and for submission of hard copy of “DECLARATION FOR MEF 2017-18” is 22nd August, 2017.
Result of the Chartered Accountants Intermediate (Integrated Professional Competence) Examination held in May 2017 is likely to be declared on Tuesday, the 1st August 2017.
