Rebate allowable under Section 87A of Income Tax Rebate allowable under Section 87A of Income Tax w.e.f AY 2018-19 ( Financial Year 2017-18 onwards) CBDT CIRCULAR NO.2/2018 [F.NO.370142/15/2017-TPL], DATED 15-2-2018 42. Rationalization of rebate allowable under Section 87A. 42.1 Before amendment by the Act, the provisions of section 87A of the Income-tax Act provided for a rebate… Read More »
Password to open Income Tax Refund Payment Advice The Income Tax Refund Payment Advicee is password protected. Please use your PAN number in capital letters to open the attachment. For more details please contact CPC Bengaluru at 1800-425-2229 (Toll Free) or 080-22546500 if the Return was filed online. If other cases,you need to visit local… Read More »
The entire basis of the Revenue’s case is the statement made on the date of the seizure. The voluminous evidence filed by the respondent during the course of the assessment proceedings has been completely ignored on the ground that the same was not produced when the seizure was made. There is no requirement in law… Read More »
Notification No 31/2018 Summary of Notification No 31/2018 The Central Board of Direct Taxes (CBDT) has released final notification amending Rule 44E of the Income-tax Rules, 1962 and Form 34C, 34D, 34DA as per Base Erosion and Profit Shifting (BEPS) Action 5. The new Forms 34C & 34D seek unique number used for identification of non-resident.… Read More »
The Assessing Officer formed a belief that income chargeable to tax has escaped assessment, on the ground that noticing a big mismatch between the returned income and cash transactions in the assessee’s bank accounts, queries were raised, which remained un-replied. This is contrary to the facts on record. The assessee had also furnished a copy… Read More »
Ministry of Parliamentary Affairs Government holds All Party Leaders Meeting ahead of Monsoon Session 2018 of Parliament, beginning tomorrow Shri Narendra Modi expressed confidence that all political parties will cooperate on smooth running of the Parliament during Monsoon Session 2018 People of India want the Parliament to function; Government calls for cooperation from all parties… Read More »
Amendments Proposed to Central Motor Vehicles Rules Video Explanation by CA satbir Singh in Hindi on Amendments Proposed to Central Motor Vehicles Rules Press Information Bureau Government of India Ministry of Road Transport & Highways 17 JUL 2018 2:20PM by PIB Delhi Amendments Proposed to Central Motor Vehicles Rules Ministry of Road Transport and Highways has… Read More »
Undisputedly, the trust was created on 01-04-1998 and application was moved on 25-05-1999. There was delay of 1 month 25 days for which assessee has moved an application requesting therein that the delay may be condoned and registration may be granted from the date of its inception. Though the Revenue was required to dispose off… Read More »
MGT-7 Form version Changed Please be noted that MGT-7 Form version is being changed MGT-7 is available on MCA21 Company Forms Download page for filing purposes. Click here to download Form for filing annual return by a company. Form MGT-7 [zip] (982 KB) (e-Form with Instruction kit) Form MGT-7 [zip] (531 KB) e-Form 20-July-2018 (Form Version… Read More »
New GST News 17.07.18 [ Join online GST Course by CA Satbir Singh ] New GST News GST Refunds : CBIC to observe Third Refund Fortnight from 16th July, 2018 ICAI’s 121 Suggestions on GST Law submitted to Government on 10.07.2018 Govt contractors may have to pay TDS under GST from Oct 1 ,2018 28th… Read More »