THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] MINISTRY OF AGRICULTURE AND FARMERS WELFARE (Department of Animal Husbandry, Dairying and Fisheries) NOTIFICATION New Delhi, the 8th July, 2016 S.O. 2337(E).—In exercise of the power conferred by sub-section (1) of section 3 and Section 3A of the Livestock Importation Act, 1898 (9 of 1898) and… Read More »
Rulings nullified by ICDS Source ICAI , Read Applicability of Income Computation and Disclosure Standards notified under section 145(2) of the Income-tax Act, 1961 from Assessment Year 2017-18.
Direct Taxes Committee of ICAI made detailed representation to Central Board of Direct Taxes during the Direct Tax Workshop with CBDT which was followed by written representation to Chairman, CBDT on 31.03.2016 and Hon’ble Finance Minister, on 7.04.2016 for deferment of implementation of ICDS(For copy click here). On invitation by CBDT subsequently, the ICAI representatives… Read More »
Applicability of Income Computation and Disclosure Standards notified under section 145(2) of the Income-tax Act, 1961 from Assessment Year 2017-18. – (08-07-2016) The Central Board of Direct Taxes has vide Press Release dated 6.07.2016 (For copy click here) clarified that the Income Computation & Disclosure Standards shall be applicable from 1.4.2016 i.e. previous year 2016-17… Read More »
Black money window:CBDT to issue notification to ensure secrecy NEW DELHI: CBDT is likely to issue a fresh notification making it clear that information about those who declare their black money under the compliance window which ends on September 30 will be kept secret, a senior official said today. The notification is expected to quote… Read More »
Bengaluru: Kerala’s newly elected Left Democratic Front (LDF) government’s maiden budget says a lot about what its priorities are. Finance minister Thomas Isaac, who presented the revised budget for 2016-17 on Friday, said the government will raise tax revenues through nine schemes, which include introduction of a 14% “fat tax” on burgers, pizzas, tacos, doughnuts,… Read More »
RAIPUR: Seventy-two affluent farmers of Chhattisgarh and Madhya Pradesh are under Income Tax scanner following suspicion that they avoided paying taxes by declaring their earnings as returns from farming. IT department has identified rich farmers, who have declared more than Rs one crore as agriculture income, in both the states. “There are many assesse who… Read More »