Section 40(a)(ia) of Income Tax Act 1961 Disallowance of expenses for non deduction of TDS BUY Analysis of Section 40(a)(ia) relating to Disallowance of expenses for non deduction of TDS 30% disallowance of expenses for non deduction of TDS under Section 40(a)(ia) This 30% disallowance of expenses for non deduction of TDS under Section 40(a)(ia) of… Read More »
CAS 23 : Overburden Removal Cost CAS 24 : treatment of Revenue in Cost Statements. The Institute of Cost Accountants of India (ICAI) has issued two new Cost Accounting Standards (CAS), CAS 23 and CAS 24 The standard (CAS 23) provides guidance on following matters:- 1. Principles of measurement of Overburden Removal Cost; … Read More »
NOTIFICATION NO.28/2016-ST DATED 26-5-2016 In exercise of the powers conferred by sub-section (1) of section 93 of the Finance Act, 1994 (32 of 1994) read with sub-section (5) of section 161 of the Finance Act, 2016 (28 of 2016), the Central Government, being satisfied that it is necessary in the public interest so to do,… Read More »
NOTIFICATION NO.27/2016-ST DATED 26-5-2016 In exercise of the powers conferred by sub-section (2) of section 68 of the Finance Act, 1994 (32 of 1994) read with sub-section (5) of section 161 of the Finance Act, 2016 (28 of 2016), the Central Government, being satisfied that it is necessary in the public interest so to do,… Read More »
NOTIFICATION NO.28/2016-C.E. (N.T.), DATED 26-5-2016 In exercise of the powers conferred by section 37 of the Central Excise Act, 1944 (1 of 1944) and section 94 of the Finance Act, 1994 (32 of 1994), the Central Government hereby makes the following rules further to amend the CENVAT Credit Rules, 2004, namely : – 1. (1)… Read More »
NOTIFICATION NO.29/2016-ST, DATED 26-5-2016 In exercise of the powers conferred by rule 6A of the Service Tax Rules, 1994, the Central Government, hereby makes following amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue),No. 39/2012- Service Tax, dated the 20th June, 2012, published in the Gazette of… Read More »
Circular No 20/ 2016 F.No 279/Misc/M-54/2016/ITI Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes Subject :E filing of Appeals : Extension of Time limit- Reg Related Post EVC for efiled Form 35 to CIT (appeals) EVC for electronically filed Form of Appeal to CIT (Appeals) Online filing of Appeal… Read More »
Circular No 21/2016 F.No.197/17/2016-ITA-I Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes DATED 27-5-2016 Subject :Clarification regarding cancellation of registration u/s 12AA of the Income tax act 1961 in certain Circumstances -regarding Sections 11 and 12 of the Income-tax Act, 1961 (‘Act’) exempt income of charitable trusts or institutions,… Read More »
“Mission 11 Million” to engage more than 11 million children in activities relating to Football to be launched in October, 2016 The Union Ministry of Youth Affairs and Sports has urged the states and Union Territories to take necessary steps to popularize and promote the sport of Football in their territory in order to make… Read More »
Unique Disability Identity Card will be soon made Available – Shri Thaawarchand Gehlot Shri Thaawarchand Gehlot, Union Minister for Social Justice & Empowerment today felicitated the beneficiaries of its various schemes in a special function held at Vigyan Bhawan, here. Speaking on the occasion after felicitating the beneficiaries Shri Gehlot said that it is the… Read More »