Daily Archives: October 1, 2015

Interest on FDRs made out of customer advances was not income

By | October 1, 2015

whether Interest on FDRs made out of customer advances wasn’t income from other sources if same was reduced from WIP ?   Where a construction company, received bank interest on FDRs which were made out of advances received from customers, even if construction was not complete during current year interest income could not be treated as… Read More »

Extension of date for filing of Income tax returns and tax audit reports

By | October 1, 2015

Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS RELEASE New Delhi, 1st October, 2015 Subject: Extension of date for filing of Income tax returns and tax audit reports to 31st October 2015 – regarding The issue of extension of last date for e-filing returns of income and audit… Read More »

Govt. receives 3770 crores under Black Money Act

By | October 1, 2015

Government of India Ministry of Finance Departmentof Revenue Central Board of Direct Taxes PRESS RELEASE New Delhi, 1st October 2015 Subject: Declarations received and amount declared under the compliance window under the Black Money Act- regarding The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 (the Act) has been enacted… Read More »

Due date Extended for Punjab, Haryana, Chandigarh and Gujarat

By | October 1, 2015

Due date Extended by CBDT only in Punjab, Haryana, UT of Chandigarh and Gujarat Note : Due date Extended  subject to the outcome of any further appeal/SLP which the CBDT may file against the Judgments. F.No.225/207/2016/ITA.II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North-Block, TA.II Division New Delhi… Read More »