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INCOME TAX UPDATE

INCOME TAX UPDATE

INCOME TAX UPDATE

INCOME TAX UPDATE

CBDT has notified the Income Tax (16th Amendment), Rules, 2015, which shall come into force on the date of their publication in the Official Gazette. to incorporate “range concept” and “use of multi-year data” to reduce litigation on transfer pricing issues.

State finance ministers are scheduled to meet on November 20 to discuss the model goods and services tax (GST) law and what could be the implication on the same.

ITAT was correct in dismissing the appeal observing, that apart from making a mere reference to information received from the investigation wing, the AO mechanically issued notice under Section 148 of the Act. CIT Vs. G & G Pharma India Ltd., Delhi High Court

CBEC vide Circular No. 1009/16/2015-CX dt 23.10.2015 has directed its officers not to exercise their powers for launching prosecution unless evasion of Tax is equal/ more than Rs. 1 Cr.

State finance ministers are scheduled to meet on November 20 to discuss the model goods and services tax (GST) law and what could be the implication on the same.

MCA Notifies Rules for recruitment of Additional director in SFIO under sub-section (5) of Section 211 of the Companies Act, 2013.

INCOME TAX UPDATE

INCOME TAX UPDATE

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