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Clarification on the Black Money Act
Various issues related to the Black Money (Undisclosed Foreign Income and Assets) and Imposition of the Tax Act, 2015 (hereinafter the Act) have been raised by various stakeholders. The concerns raise...
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TDS/ TCS FVU version 2.144 for FY 2007-08 to FY 2009-10 released
Key Features – File Validation Utility (FVU) version 2.144 Discontinuation of C9 Correction Statements: As directed by Income Tax Department (ITD), C9 correction i.e. addition of new Challans in Corre...
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e-TDS/TCS RPU Java Version 1.3 for TDS/TCS Statement(s) from FY 2007-08 onwards released
Kindly use NSDL e-Gov Return Preparation Utility (RPU) version 1.3 (JAVA based) for preparation of your e-TDS/TCS Statement(s). VB based NSDL e-Gov Return Preparation Utility (RPU) has been discontinu...
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FVU version 4.8 for e-TDS/TCS statement of FY 2010-11 onwards
Key Features – File Validation Utility (FVU) version 4.8 ♣ Section code 192A: In addition to Form no. 26Q, this section will also be applicable for Form no. 27Q where the date of payment to deductee i...
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Tax Audit due Date Extension Update
Gujarat HC directs extension of tax audit due date to Oct 31. Judgment awaited. (Please confirm with Court Judgment and also with CBDT Notification before relying on the above news.) P&H HC Orders due...
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Circulation of Fake order for extension of due date for filing of Audit report and return of Income for Assessment Year 2015-16- regarding
PRESS RELEASENew Delhi, 28th September, 2015Sub: Circulation of Fake order for extension of due date for filing of Audit report and return of Income for Assessment Year 2015-16- regardingIt has been b...
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Tax Audit Date Extended?- Fake Order doing rounds
Sunday Evening when I was enjoying the evening with family suddenly My Email and Whatapps Message box shown spike of messages which were coming from our viewers and friends. The Most of the Messages/E...
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MAT may be made inapplicable to foreign Cos having no PE in India from 1st April, 2001
Government Decides to Amend Income-Tax Act 1961 so that with Effect from 1st April, 2001, the Provisions of Section 115JB Shall Not be Applicable to a Foreign Company If the Foreign Company is a Resid...
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List of sections requiring Audit under Income Tax Law by 30th September
Dear Taxpayer, It is found from the Return of Income e-Filed by you for AY 2014-15 you were liable to get your accounts audited under applicable sections of the Income Tax Act, 1961. The due date for...
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Black Money Compliance Window to end on 30th September, 2015
Persons Holding Undisclosed Foreign Assets are Advised to file Their Declarations well in Time as Provided Under the Compliance Window of the New Black Money Act; One-Time Compliance Opportunity will...
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CBDT selected cases for Scrutiny under CASS- AO to issue Notice by 30.09.2015
AST – Instruction No. 138 DIRECTORATE OF INCOME TAX (SYSTEMS) ARA Centre, Ground Floor, E-2, Jhandewalan Extension, New Delhi-110055 F. No. DIT(S)-2/CASS/2014-15/16167 , Date: 18-09-2015 To The Pr. Ch...
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How to reset password when activation link not confirmed while registering PAN in Income Tax Department
Sometime my professional colleague may have met an Assessee who might have to register his PAN with Department without confirming the activation link and in cases where no online return has been filed...
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Reference to Transfer Pricing Officer in Specified Domestic transaction cases reg.
Instruction No 11/2015 Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North Block, IT (A-II) Division New-Delhi, dated the 16th of September, 2015 Subject:...
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Monitoring Of Dossier Cases -Re-Fixation of Monetary Limit for Various Income Tax Authorities
Instruction No. 10/2015, dated 16.09.2015, F. No. 404/02/2015-ITCC Government of India, Ministry of Finance, Central Board of Direct Taxes (CBDT) CBDT stated that in view of the very large number of D...
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CBDT Order Promoting ADIT & ACIT to CIT Grade
F No A-32011/2/2014-Ad VI Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes) North Bloc, New Delhi Date: 16.09.2015. ORDER NO. 171 OF 2015 The following offi...
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Appeal in HC against non extension of Tax Audit due date
UPDATE ON 14.09.2015 High Court has not accepted the Writ and said that the issue involved partakes the character of Public interest and Appellant should have filed Public Interest Litigation (PIL) in...
- Delhi HC advises filing of PIL during hearing for admission of writ seeking extension of tax filing deadline
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CBDT sets up a committee to bring quality to assessment orders
F.No.225/246/2014/ITA.II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi the 10th September, 2015 OFFICE MEMORANDUM Subject:- Committee to study t...
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Applicability of Indian Accounting Standards (Ind AS) with effect from 1st April, 2015
Obligation to comply with Indian Accounting Standards (Ind AS) with effect from 1st April, 2015 Companies (Indian Accounting Standards) Rules, 2015 Notified on 16th February 2015 I. Mandatory Complian...
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CBDT comittee to study Feasibility of Industry Based Jurisdiction
F.No.225/246/2014/ITA.II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi the September, 2015 OFFICE MEMORANDUM Subject: Committee to study the fea...