Online Correction Facility for 26QB enabled (TDS on sale of property)
Download procedure for Online Correction Facility for 26QB (TDS on sale of Property)
Monthly Archives: March 2016
New Certificate of Incorporation Form for Companies
COMPANIES (INCORPORATION) SECOND AMDNDMENT RULES, 2016 SUBSTITUTION OF FORM INC-11 NOTIFICATION [F.NO.01/13/2013 CL-V (PT-I)], DATED 23-3-2016 In exercise of the powers conferred by sub-sections (1) and (2) of section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules further to amend the Companies (Incorporation) Rules, 2014, namely:—… Read More »
Audit objection satisfied by AO canot base for reassessment
Case law on Audit objection Facts of the case It is stated that the petitioner manages consumer loyalty programs for its partner organizations, whereby the customers of its partners become entitled to loyalty points on purchase of certain goods or services, which can be redeemed towards future purchases. The loyalty program is managed by the… Read More »
Tax Planning for HUF (Hindu undivided Family)
HUF and Tax Planning in Income Tax Act What is the meaning of HUF in the Income tax Act ? HUF means Hindu Undivided Family . A HUF is a distinct entity for the purpose of tax and it is included in the definition of a person in section 2(31) of the Income-tax Act Who is coparcener … Read More »
Govt notify Karnataka Urban Water Supply and Drainage Board for Section 10(46) of Income tax act
SECTION 10(46) OF THE INCOME-TAX ACT, 1961 EXEMPTIONS STATUTORY BODY/AUTHORITY/BOARD/COMMISSION NOTIFIED BODY OR AUTHORITY NOTIFICATION NO. SO 1139(E) [NO.15/2016 (F.NO.196/6/2015-ITA.I)], DATED 16-3-2016 In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies for the purposes of the said clause, the… Read More »
National Defence Academy & Naval Academy Examination (I) 2016
National Defence Academy & Naval Academy Examination (I) 2016 The Union Public Service Commission will be conducting the National Defence Academy and Naval Academy Examination (I) 2016 at different venues located at 41 Centres throughout the country on Sunday the 17th April, 2016 (Sunday). The e-Admit cards for the candidates have been uploaded on the… Read More »
Railways Enhances Senior Citizen Quota
Ministry of Railways Enhances Senior Citizen Quota Ministry of Railways Undertakes Rationalization of Lump¬sum Rates for Merry¬go¬round (MGR) System In terms of a Rail Budget Announcement 2016-17 by Minister of Railways Shri Suresh Prabhakar Prabhu, Following two services were launced:- Enhanced Senior Citizen Quota Rationalization of Lumpsum freight rates for Merry-Go-Round (MGR) These services… Read More »
Govt invite comments for discloure of Personal information under RTI Act
Personal information under RTI Act The Department of Personnel and Training have been impressing upon the public authorities to disclose maximum information proactively, so that public at large need not file RTI applications to seek information held by the public authorities. In this regard, it was brought to the notice of the public authorities from… Read More »
Govt warning to taxman to pay tax on interest income
Inclusion of Interest Income in the Return of Income filed by Persons liable to Pay Tax Information regarding interest earned by individuals and business entities on term deposit is filed with the Income Tax Department by banks including co-operative banks and other financial institutions and State treasuries etc. Form 26AS reflects only those payments on… Read More »
Govt notify E-Waste Management Rules 2016
Environment Ministry Notifies E-Waste Management Rules, 2016 ‘E-Waste Rules will include CFL and other Mercury containing Lamps’: Javadekar The Ministry of Environment, Forest and Climate Change has notified the E-Waste Management Rules, 2016 in supersession of the e-waste (Management & Handling) Rules, 2011. Announcing the notification of the rules here today, Minister of State… Read More »