Yearly Archives: 2011

Monetary Limits for filing Appeal by Department : CBIC Instructions 17.08.2011

By | August 8, 2011

Monetary Limits for filing Appeal by Department : CBIC Instructions 17.08.2011 INSTRUCTION [F. NO. 390/MISC./163/2010-JC ], DATED 17-8-2011 [AS AMENDED BY INSTRUCTION (F.NO.390/MISC./163/2010-JC), DATED 17-12-2015] In exercise of the powers conferred by section 35R of the Central Excise Act, 1944 made applicable to Service Tax vide section 83 of the Finance Act, 1994 and section 131BA of… Read More »

NOTIFICATION NO 32/2011 Income Tax : Post Office Saving Bank Interest Exemption

By | June 3, 2011

NOTIFICATION NO. 32/2011 [F.No.173/13/2011-ITA.I] /S.O.1296(E), DATED 3-6-2011 In exercise of the powers conferred by sub-clause (i) of clause (15) of section 10 of the Income-tax Act, 1961 (43 of 1961) the Central Government hereby makes the following amendment to the notification of the Government of India in the Ministry of Finance, Department of Revenue, Central… Read More »

Section 44AD of Income tax Act : Special provision for computing profits and gains of business on presumptive basis.

By | April 1, 2011

 Section 44AD of Income Tax Act [ FA 2018]  Summary of Section 44AD of Income tax Act  Section 44AD of Income tax Act  Substituted by the Finance (No. 2) Act, 2009, w.e.f. 1-4-2011. Prior to its substitution, section 44AD, as inserted by the Finance Act, 1994, w.e.f. 1-4-1994 and later on amended by the Finance Act,… Read More »

Monetary limits for assigning cases to Income Tax Officers and DCs/ACs

By | January 31, 2011

SECTION 119 OF THE INCOME-TAX ACT, 1961 – INCOME-TAX AUTHORITIES – INSTRUCTIONS TO SUBORDINATE AUTHORITIES INSTRUCTION NO. 1/2011 [F. NO. 187/12/2010-IT(A-I)], DATED 31-1-2011 References have been received by the Board from a large number of taxpayers, especially from mofussil areas, that the existing monetary limits for assigning cases to ITOs and DCs/ACs is causing hardship… Read More »