Daily Archives: March 14, 2018

Irregularities in Income Tax Orders Passed by CIT (Appeals) : CBDT

By | March 14, 2018

SECTION 251 OF THE INCOME-TAX ACT, 1961 – COMMISSIONER (APPEALS) – POWERS OF – IRREGULARITIES IN APPELLATE ORDERS LETTER F.NO.DGIT (VIG.)/HQ/SI/APPEALS/2017-18/9959, DATED 8-3-2018 CBDT has issued Instruction No. 20/2003 dated 23-12-2003 directing for issue of appellate orders within 15 days of the last hearing. The Instruction was reiterated vide CBDT letter F.No. 279/Misc.53/2003-ITJ dated 19.06.2015 for strict compliance. The instructions… Read More »

The Chit Funds (Amendment) Bill 2018 : Download ( as Introduced in Lok Sabha)

By | March 14, 2018

The Chit Funds (Amendment) Bill 2018 STATEMENT OF OBJECTS AND REASONS The Chit Funds Act, 1982 was enacted to provide for the regulation of chit funds which are indigenous business in India and have conventionally satisfied the financial needs of the low-income households. The chit is a mechanism which combines credit and savings in a… Read More »

New Form 10A available online for registration of charitable or religious trust or institution

By | March 14, 2018

New Form 10A available online for registration of charitable or religious trust The substituted Form 10A – Application for registration of charitable or religious trust or institution etc. is now available for e-Filing on www.https://incometaxindiaefiling.gov.in/home . [For details Click here]

Division of assesses under GSTN

By | March 14, 2018

Ministry of Finance Division of assesses under GSTN Posted On: 13 MAR 2018 4:48PM by PIB Delhi            The division of assesses between Centre and State is decided by the Centre and State Governments. GSTN got an application developed using which Central and State tax authorities have uploaded the data on allocation of migrated taxpayers in… Read More »

RBI Discontined LOU and LOC for Trade Credits

By | March 14, 2018

Discontinuance of Letters of Undertaking (LoUs) and Letters of Comfort (LoCs) for Trade Credits RBI/2017-18/139 A.P. (DIR Series) Circular No. 20 March 13, 2018 All Authorised Dealer Category – I Banks Madam/ Sir Discontinuance of Letters of Undertaking (LoUs) and Letters of Comfort (LoCs) for Trade Credits Attention of Authorised Dealer Category – I (AD… Read More »

Category: RBI