BCAS made a Representation to CBDT regarding error in stating due date for Filing of Quarterly TDS Statements for Financial Year 2016-2017 in Circular 1/2017.
The Law Commission of India has noted that certain newspapers and e-magazines are carrying news items which suggest the commission is hiring law firms to pursue the work assigned to it.
Demonetization had resulted in sharp decline in terror funding, hawala trade, supari killings and human trafficking, particularly of young girls as sex slaves, mainly from Nepal and North East.
As per Rule 114E of the Income Tax Rules 1962, for and from 2016-17, all companies have to be furnish SFT in respect of certain specified transactions as tabulated below:
Stressing the implementation of GST, FM says that most of the issues have been resolved; few critical issues are left which will be resolved in next few weeks.
The Dun & Bradstreet Composite Business Optimism Index stands at 65.4 during Q1 2017, a decrease of 23.9% as compared to Q1 2016. Based on the responses received, five out of the six optimism indices have registered a decline as compared to Q1 2016.
Documents to be submitted in case of delay in submission Forms with ICAI Beyond 30 days and upto one year (i) Original deed of agreement executed in form 102 (ii) Work diary / attendance record (iii) Stipend proof (Pass Book/Bank Statement)
A delegation of Indian Revenue Service/IRS (Income Tax) officers of 2008 batch called on the Union Minister of State (Independent Charge) for Development of North Eastern Region (DoNER), MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space, Dr Jitendra Singh here today. The delegation sought Dr Jitendra Singh’s intervention for their promotion.
The figures for Direct Tax collections up to December, 2016 show that revenue net of refunds is Rs. 5.53 lakh crore which is 12.01% more than the net collections for the corresponding period last year. This collection is 65.3% of the total Budget Estimates of Direct Taxes for Financial Year 20 16-17.
The Income Tax Department as been conferred Silver Award in National Awards on e-Governance-2016-17 for e‑filing of Income Tax returns and other forms project in category Incremental Innovations in existing projects.
