World Bank support to Swachh Bharat Mission (Gramin) The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has given its approval to the US $ 1,500 million project of World Bank Support to Swachh Bharat Mission (Gramin) [(SBM(G)]. The Project basically provides for incentivising States on the basis of their performance in the… Read More »
26AS What is Form 26AS? It is a form issued under Rule 31AB, wherein the following information in relation to a PAN is published: TDS – Part A & A1 of Form 26AS TCS – Part B of Form 26AS Details of tax paid other than TDS / TCS – Part C of Form 26AS… Read More »
Facts of the case Pursuant to the aforesaid Circular (CBDT Circular No.685 dated 17/20th June, 1994), the Assessee deposited a sum of Rs.9,69,43,214/-, being the amount of TDS pertaining to the payments made abroad to and/or for the benefit of the employees serving in India during the financial years 1984-85 to 1993-94 and the interest… Read More »
Facts of the case The assessee company has made payment to M/s Holcim Group Support Ltd, (HGSL), a resident company of Switzerland. The assessee has not deducted TDS in respect of following payments which were on account of training conducted by the Switzerland company outside India. Issue why disallowance under section 40(a)(i) should not be made… Read More »
MINISTRY OF FINANCE (Department of Economic Affairs) NOTIFICATION New Delhi, the 18th March, 2016 G.S.R. 322(E).-In exercise of the powers conferred by section 128 of the Finance Act, 2015, 20 of 2015 the Government hereby makes the following rules, namely: 1. Short title, extent and commencement.- (1) These rules may be called Senior Citizens Welfare… Read More »