Shri Nitin Gadkari releases the report “Road Accidents in India 2015”: reiterates commitment to reduce the number of road accidents and fatalities by 50 per cent by 2020 The Minister of Road Transport & Highways Shri Nitin Gadkari launched the report “Road Accidents in India 2015” in New Delhi today. Road accidents have emerged as… Read More »
Income Tax benefits for Senior Citizen What is the meaning of senior citizen under Income tax Act ? Age Criteria and Condition for senior citizen Must be of the age of 60 years or above but less than 80 year at any time during the respective year. Must be resident Illustration (1) Mr. Kumar (resident… Read More »
PR No. 112/2016 SEBI cautions public to deal with only SEBI registered investment advisers and research analysts The general public is hereby cautioned to deal with only SEBI registered investment advisers and research analysts for availing investment advisory services/ research services. The details of SEBI registered investment advisers and research analysts are available… Read More »
Amendment to Notification No. 61/94-Customs (N.T.) dated 21.11.1994 83/2016-Cus (NT),dt. 09-06-2016
RBI/2015-16/421 A.P. (DIR Series) Circular No. 75 June 09, 2016 To All Category – I Authorised Dealer Banks Madam / Sir, Exim Bank’s GoI supported Line of Credit of USD 24.00 million to the Government of the Republic of Cote d’Ivoire Export-Import Bank of India (Exim Bank) has entered into an Agreement dated September 22,… Read More »
RBI/2015-16/420 FIDD.GSSD.CO.BC.No.26/09.01.03/2015-16 June 09, 2016 The Chairman / Managing Director All Public Sector Banks Dear Sir / Madam, National Rural livelihoods Mission (NRLM) – Aajeevika – Interest Subvention Scheme Please refer to our circular FIDD.GSSD.CO.BC.No.19/09.01.03/2015-16 January 21, 2016 enclosing guidelines on interest subvention scheme under National Rural Livelihoods Mission (NRLM). 2. In partial modification of… Read More »
Rectification of ITR (Income Tax Return) Can I make rectification or other correspondence with CPC in paper form? Answer: No What CPC reference number should I enter while filing Rectification request on incometaxindiaefiling.gov.in portal? Answer:You need to enter the Communication Reference Number as per the latest order/intimation received from CPC u/s 143(1) OR 154.… Read More »
Form 1 for Income declaration scheme Introduction As per Income Declaration Scheme, 2016, the declaration of undisclosed income is to be filed using Form for Income Disclosure – Form 1. As per Notification No. 33/2016, the other Forms accompanying Form for Income Disclosure – Form 1 are Form 2, Form 3 and Form 4. Form 2… Read More »
Income Tax Notice for non filing of Return when Income Tax Department (ITD) found mismatch in information shown in the Income Tax Return / non filing of income tax return with the information submitted from third parties in the form of Annual Information Return (AIR), TDS Statement etc., the cases were selected for scrutiny and… Read More »
Note : Supreme court has also Dismissed SLP against the following order of P & H High Court vide SPECIAL LEAVE TO APPEAL (C) NO. 7723 OF 2016 Dated APRIL 25, 2016 HIGH COURT OF PUNJAB & HARYANA State Bank of Patiala v. Commissioner of Income-tax S.J. VAZIFDAR, ACTG. CJ. AND G.S. SANDHA WALIA, J. CWP… Read More »