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FAQ ON CASH TXN 2016

on February 11, 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 months, w

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

Amount Deposited in the Absence of Requisite SCN is liable to be Refunded: CESTAT [Read Order]

The Principle Bench of Customs, Excise and Service Tax Appellate Tribunal ( CESTAT ),New Delhi, held that the absence of the requisite SCN the amount got deposited at the instance of audit team is liable to be refunded to the appellant. The appellantM/s.Bird Audio Electronics is engaged in manufacturing of various types of speakers, who […] http://dlvr.it/SKx6Cn

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FAQ ON CASH TXN 2016

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