Daily Archives: October 14, 2016

Trust for charitable activities outside India entitled to sec. 12AA registration

“CHARITABLE PURPOSES – CHARITABLE TRUST – REGISTRATION OF TRUST -APPPLICATION OF INCOME OUTSIDE INDIA -NOT A GROUND FOR REFUSING REGISTRATION-INCOME-TAX ACT, 1961, SS. 11, 12A So far as the benefit of section 11(1)(a) of the Income-tax is concerned, it can be extended only to the extent to which such income is applied to such purposes… Read More »

US- Victims of Hurricane Matthew Qualify for Late-Filing Penalty Relief

Many Victims of Hurricane Matthew Qualify for Late-Filing Penalty Relief; IRS Continues to Closely Monitor As Oct. 17 Deadline Approaches WASHINGTON  — The Internal Revenue Service today advised taxpayers affected by Hurricane Matthew but not yet covered by a federal disaster declaration with individual assistance that they may qualify for relief from penalties if they… Read More »

IDS 2016 Form 2 – electronic communication is valid mode of service

Instruction No. 11 of 2016 F.No.142/8/2016-TPL(Part) Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes) *** New Delhi, the 13th October, 2016 To, All Principal Chief Commissioners of Income-tax Sub.: The Income Declaration Scheme, 2016 – reg. Representations have been received from field authorities to allow electronic mode of communication… Read More »

Appointment of Common Adjudicating Authority by Director General Revenue Intelligence

Appointment of Common Adjudicating Authority by DGRI [To be published in the Gazette of India, Extraordinary, Part-II, section 3, sub-section (ii)] Government of India Ministry of Finance (Department of Revenue) Central Board of Excise and Customs Directorate of Revenue Intelligence Notification No. 2/2016-Customs (N.T./CAA/DRI) New Delhi, dated the 13th October, 2016 S.O. (E). – In… Read More »