Income Tax Archives - Page 2 of 4

Sovereign Gold Bond Scheme 2016-17 Series III

October 21, 2016 NewsTaxIndia0 comments1441 views

Sovereign Gold Bond Scheme 2016 -17 – Series III – Issue Price: The issue price has been fixed at Rs. 2957/- (Rupees Two Thousand Nine Hundred Fifty Seven only) per gram of gold. RBI Press Release: 2016-2017/999 The Reserve Bank of India, in consultation with Government of … Continue Reading →

Personal Finance

Sovereign Gold Bond Scheme 2016-17 Series III

October 21, 2016 NewsTaxIndia0 comments1325 views

Income Tax

In J & K the Due date of Filing Return has been extended upto 31-12-2016

October 19, 2016 NewsTaxIndia0 comments612 views

In Jammu & Kashmir the Due date of Filing I.T. Return and tax audit report has been extended upto 31st December 2016 Dated October 18, 2016] In order to mitigate the difficulties being faced by the taxpayers in the State of Jammu & Kashmir in … Continue Reading →

Income Tax

Tax on Distributed income of Domestic Company for Buy-Back of Shares

October 19, 2016 NewsTaxIndia0 comments1271 views

Special Provisions Relating to Tax on Distributed income of Domestic Company for Buy-Back of Shares :- CBDT Notification No. 94/2016, Dated: October 17, 2016 G.S.R. 982(E). – In exercise of the powers conferred by section 115QA read with section 295 of the Income-tax Act, 1961 (43 … Continue Reading →

Case Law Service Tax

Larsen and Toubro Ltd. vs. State of Karnataka on Works Contract

October 9, 2016 NewsTaxIndia0 comments1593 views

Larsen and Toubro Ltd. vs. State of Karnataka on Works Contract R.M. Lodha, J. Chelameswar and Madan B. Lokur, JJ. Civil Appeal No. 8672 of 2013 with C.A. Nos. 8673-8688, 8690-8693, 8695-8699 of 2013, decided on 26-9-2013 REPRESENTED BY : Dr. A.M. Singhvi, S/Shri … Continue Reading →

Income Tax

CBDT Notification No. 89/2016; Meaning of Right to use Spectrum

October 7, 2016 NewsTaxIndia0 comments779 views

CBDT Notification No. 89/2016, Dated: October 4, 2016 S.O. 3145(E).- In exercise of the powers conferred by clause (iii) of Explanation to section 35ABA and section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes, hereby, makes the following … Continue Reading →

Income Tax

CBDT Notification No. 89/2016; Meaning of Right to use Spectrum

October 7, 2016 NewsTaxIndia0 comments798 views

Income Tax

CBI ARRESTS AN INCOME TAX OFFICER IN A BRIBERY CASE

October 6, 2016 NewsTaxIndia0 comments825 views

CBI ARRESTS AN INCOME TAX OFFICER AND INSPECTOR OF INCOME TAX IN A BRIBERY CASE Source Document: http://cbi.nic.in/pressreleases/pr_2016-10-04-1.php Press Release New Delhi, 04.10.2016 The Central Bureau of Investigation has arrested an Income Tax Officer for accepting a bribe of Rs.Three Lakh and an … Continue Reading →

Income Tax

CBDT Committed to Strict Confidentiality Under Income Declaration Scheme 2016

October 4, 2016 NewsTaxIndia0 comments666 views

CBDT Press Release Dated 3rd October, 2016 Sub: CBDT committed to Strict Confidentiality under Income Declaration Scheme 2016 -reg While announcing the results of the Income Declaration Scheme 2016 on 1st October, 2016 at a press conference in Delhi, the Honourable Finance Minister Shri Arun … Continue Reading →

Income Tax

Income Computation and Disclosure Standards for PGBP and Other Source Income

October 3, 2016 NewsTaxIndia0 comments1052 views

The income computation and disclosure standards to be followed by all assessees (Except individual and HUF not covered u/s 44AB) who opt the mercantile system of accounting, for the purposes of computation of income chargeable to income-tax under the head “Profits and gains of business … Continue Reading →