Daily Archives: April 9, 2018

No reassessment because ITR not reflecting in IT system of dept. if it was filed manually by assessee

By | April 9, 2018

IN THE ITAT JAIPUR BENCH Narain Dutt Sharma v. Income-tax Officer, Ward- 6 (1), Jaipu VIJAY PAL RAO, JUDICIAL MEMBER AND VIKRAM SINGH YADAV, ACCOUNTANT MEMBER IT APPEAL NO. 203 (JP.) OF 2017 [ASSESSMENT YEAR 2007-08] FEBRUARY  7, 2018 P.C. Sharma and Prashant Sharma, Advs. for the Appellant. Ajay Malik (Addl. CIT) for the Respondent. ORDER   Vikram Singh Yadav, Accountant Member –… Read More »

Draft Handbook on Accounting Treatment under GST – For Suggestions

By | April 9, 2018

Draft Handbook on Accounting Treatment under GST – For Suggestions Dear Members or Other Stakeholders, The Committee has drafted a handbook on accounting treatment under GST given below. In this regard, we request you to provide your comments/suggestions at the link https://goo.gl/forms/92zwewildriB4apm2 or idtc@icai.in preferably in 15 days i.e 25th April, 2018. Your valuable suggestions… Read More »

Transport allowance of Rs 1600 pm withdrawn : Notification by CBDT

By | April 9, 2018

The Central Board of Direct Taxes (CBDT) has omitted provision related to exemption of transport allowance of Rs. 1,600 per month granted to an employee to meet his expenditure for the purpose of commuting between the place of his residence and the place of his duty. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF… Read More »