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CASH TXN 2016

on February 11, 2017

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CASH TRANSACTION RESPONSE CAN BE SUBMITTED TILL 15TH FEB.,2017

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DRAT REP TO INCOME TAX DEPARTMENT U/S 276B

The Principal CCIT (NWR), Chandigarh . Sub: Representation about issues relating to prosecution u/s 276B/ 276BB of the Income Tax Act, 1961 and rules/circular and procedures relating to the same. Respected Sir, The law relating to prosecution under the Income Tax Act, 1961 (hereinafter called the “Act” ) is in the statute book since long. But these have come to be implemented more vigorously only recently. This is more so in the case of provisions of sections 276B and 276BB of the Act as there is spurt of notices issued under these sections by following the Instruction No. 285/90/2013-IT(Inv) dated 07.02.2013 issued by the Board. This Instruction was subsequently advertised by Press Information Bureau, Govt. Of India through a Press Release dated 06.08.2013. By this Instruction, only a limited modification/revision has been made in the already existing Instruction dated 24.04.2008. We are an association of Tax Practioners. In the last 3 ...

REPRSENTATION TO CCIT FOR DTDRS 2016- DT DISPUTE RESOLOUTION SCH 2016

To The Hon’ble Principal Chief Commissioner of Income Tax (NWR), Chandigarh. Sub: Request for issuance of clarifications in respect of Direct Tax Dispute Resolution Scheme, 2016 Hon’ble Sir, Kindly refer to the matter cited as subject above. Vide Finance Act 2016, the Direct Tax Dispute Resolution Scheme, 2016 (DTDRS) has been launched for window period of 01.06.2016 to 31.12.2016. The present scheme is almost pari-materia to the earlier schemes like KVSS, 1998 etc. with slight changes here and there. We have gone through the text of the Scheme including rules framed there-under and forms notified so far. We have also gone through many judgments rendered by Hon’ble courts in regard to earlier schemes. In many cases, the litigation arose only due to lack of clarity on the issues and also the extent of the powers the AO can issue subsequent to issuance of certificate by CIT accepting the declaration. To avoid such situation, necessary clarifications should be issued. Base...

Mock Test Papers Series – I for May 2022 CA Examination

Board of Studies of ICAI is commencing Mock Test Papers Series-I from March 11th, 2022 for students appearing in CA Foundation, Intermediate & Final for May 2022 examination. http://dlvr.it/SL3Q8L

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CASH TXN 2016

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