The IDS’2016- CBDT clarifies that effective rate of tax is 45% and not 31% vide Circular No. 27 of 2016 dated 14-07-2016 The Income Declaration Scheme, 2016 incorporated as […]
All posts by Ankit Jain - 4. page
CA in Practice
Government revises deadline for payment of tax under Income Disclosure Scheme
Government revises deadline for payment of tax under Income Disclosure Scheme: (i) a minimum amount of 25% of the tax, surcharge and penalty to be paid by 30.11.2016; (ii) a […]
Issue of notices under section 143(2) of Income-tax Act, 1961 in revised format
F.No. 225/162/2016/ITA.II Government of India Ministry of Finance Department of Revenue (CBDT) F.No. 225/162/2016/ITA.II Government of India Ministry of Finance Department of Revenue (CBDT) North Block, New Delhi, dated the […]
Compulsory manual selection of cases for scrutiny during the Financial Year 2016-2017
INSTRUCTION NO 4/2016, Dated: July 13, 2016 Subject: Compulsory manual selection of cases for scrutiny during the Financial Year 2016-2017-regd:- 1. In supersession of earlier Instructions on the above subject, […]
Income Tax Slab Rates for Assesment year 2017-18 (Financial Year 2016-2017)
Income Tax Slab Rates for Assesment year 2017-18, Financial Year 2016-17 as per the Union Budget presented before Parliament on 29th February 2016. There is No changes have been made […]
Further Clarifications on the Income Declaration Scheme, 2016
CBDT Circular Of Further Clarifications On The Income Declaration Scheme, 2016 Circular No. 24 of 2016 F.No.142/8/2016-TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes […]
Blocking of PAN by Income Tax
The Income Tax Central Action Plan 2016-17 talks of blocking of PAN. The important highlights of the suggestions are as under: Continue reading
Ministry of Corporate Affairs has issued a Clarification that Hindu Undivided Family cannot be a Partner/Designated Partner
Ministry of Corporate Affairs Ministry of Corporate Affairs has issued a Clarification that Hindu Undivided Family cannot be a Partner/Designated Partner but its Karta or any individual of Hindu Undivided […]
Welcome clarification by CBDT on TCS on Cash Sale
Welcome clarification by CBDT on TCS on Cash Sale. CBDT vide Circular No. 23/2016 dt. 24 June 2016 has clarified on FAQs of stakeholders reg. scope of the provisions and […]
Non Resident Indian (NRI) – Pan Card
1.1 Every person who is required to file a return of income or intends to enter into an economic or financial transaction where quoting of PAN is mandatory must have […]