CBDT to condone delay in payment of 1st installment of IDS in genuine cases F.No 225/86/2017 -ITA.II Dated 28th March 2017 Petitions seeking condonation of delay in making payment of first Instalment under the Income Declaration Scheme 2016
New Delhi, Mar 28 (PTI) The GST Bills in their present form were “not acceptable” to the Congress, but the party sought to tread cautiously to avoid being seen as against the tax reform measure. At a key strategy meeting of Congress MPs in the Lok Sabha chaired by party vice president Rahul Gandhi, it… Read More »
Held It is clear from the statutory provisions of the Motor Vehicle Act as well as the law laid down in judicial pronouncements that payments made for any purpose which is an offence or which is prohibited by law and which are not compensatory in nature cannot be allowed as a deduction u/s.37(1) read with… Read More »
Lawpoint’s CS Solutions Company Accounts and Auditing Practices Paperback – 2017 by Nishan Swaika & Roshan Lodha (Author) Lawpoint’s CS Solutions is a compilation of questions asked in the previous examinations of ICSI covering last 25 examination questions. Lawpoint’s CS Solutions has the following unparalleled features:(1)The Questions of previous years is divided into several chapters relating to… Read More »
Digest on Hindu Law (law books) Hardcover – 2017 by Kant Mani (Author) Price Rs 865. Click to buy online Hardcover: 912 pages Publisher: Kamal Publishers; 2017 edition (2017)
Issue Number: A-2017-03 Announcement 2017-03, the Advance Pricing and Mutual Agreement (APMA) program report. § 521(b) of Pub. L. 106-170, the Ticket to Work and Work Incentives Improvement Act of 1999 requires the Secretary of the Treasury to report annually to the public concerning advance pricing agreements (APAs) and the Advance Pricing and Mutual Agreement Program… Read More »
Announcement 2017-04 provides relief from the excise taxes under section 4975 of the Internal Revenue Code to certain individuals engaged in what are called “prohibited transactions.” The relief parallels similar relief provided by the Department of Labor to these individuals in a recently released Field Assistance Bulletin. Announcement 2017-04 will be in IRB 2017-16, dated… Read More »
Are Tips Taxable? IRS Offers ‘Tips’ on Tips Generally, income received in the form of tips is taxable. The IRS provides some information that helps taxpayers report tip income correctly: Interactive Tax Assistant Tool. The ITA tool is a tax-law resource that asks taxpayers a series of questions and provides a response based on the… Read More »
Aadhaar not mandatory for extending welfare schemes benefit:SC New Delhi, Mar 27 (PTI) The Supreme Court today made it clear that Aadhaar cards cannot be made mandatory by the government for extending benefits of social welfare schemes. The apex court, however, said that the government cannot be barred from seeking these cards, which are issued… Read More »
Field offices of EPFO directed to settle claims in cases of deaths within seven days of receipt of such claims The field offices of Employees’ Provident Fund Organization (EPFO) have been directed to settle claims in cases of deaths within seven days of receipt of such claims. As per paragraph 72(7) of the Employees’ Provident… Read More »