Daily Archives: December 22, 2016

India -GST Council 7th Meeting- – Day One Update

By | December 22, 2016

India -GST Council 7th Meeting ( from 22.12.2016 to 23.12.2016) – – Day One Update The Goods and Services Tax (GST) Council will on Friday i.e on 23.12.2016 , the second day of its ongoing seventh meet, discuss the vexed issue of cross empowerment or dual control of assessee jurisdiction under the pan-India indirect tax… Read More »

67.54 lakh Potential Non-Filers of Income Tax Return for FY 2014-15 identified by Income Tax Dept.

By | December 22, 2016

Income Tax Department Identifies 67.54 lakh Potential Non-Filers for F.Y. 2014-15 The Non-filers Monitoring System (NMS) was rolled out for identification of non-filers with potential tax liabilities. Data analytics carried out by the Systems Directorate of Central Board of Direct Taxes (CBDT) identifies non-filers about whom specific information is available in the AIR, CIB and… Read More »

Interest rates on Special Deposit Scheme 1975 for calendar year 2016

By | December 22, 2016

Special Deposit Scheme 1975 – Payment of interest for the calendar year 2016 RBI/2016-17/192 DGBA.GAD.No.1478/15.01.001/2016-17 December 22, 2016 The Chairman/Chief Executive Officer Agency Banks handling Special Deposit Scheme,1975 Dear Sir, Special Deposit Scheme 1975 – Payment of interest for the calendar year 2016 Please find enclosed copies of Government of India Gazette Notifications dated April… Read More »

No penalty when Assessee surrendered undisclosed income & taxed based on seized papers

By | December 22, 2016

IN THE ITAT JAIPUR BENCH Assistant Commissioner of Income-tax, Central Circle-2, Jaipur v. Ajit Singh KUL BHARAT, JUDICIAL MEMBER AND VIKRAM SINGH YADAV, ACCOUNTANT MEMBER IT APPEAL NO. 714 (JP.) OF 2014 [ASSESSMENT YEAR 2009-10] SEPTEMBER  26, 2016 R.S. Dagur, Addl. CIT for the Appellant. Manish Agarwal, CA for the Respondent. ORDER Vikram Singh Yadav,… Read More »

ICAI Code of Conduct for elected, Co-opted and Nominated Representatives w.e.f 01.01.2017

By | December 22, 2016

ICAI Code of Conduct for elected, Co-opted and Nominated Representatives has been issued. – (22-12-2016) No. ICAI /ESB/2016/02 Announcement In pursuance of the decision taken at the 356th Meeting of Council held on 29th June – 1stJuly, 2016, the ICAI Code of Conduct for elected, Co-opted and Nominated Representatives has been issued. This Code applies… Read More »

Press in India Report 2015-16 -Key highlights -Know What India is reading

By | December 22, 2016

Press in India Report 2015-16 Shri Naidu  released the Press in India Report 2015-16 prepared by Registrar of Newspapers of India. on 22.12.2016 The highlights of the Press in India Report is given below: 1 The Total Number of Registered Publications i)       Newspaper category (Daily, Tri/Bi-weekly periodicities) ii)    Periodicals category (other periodicities) 1,10,851 16,136 94,715… Read More »