/ Uncategorized

CORPORATE AND PROFESSIONAL UPDATE DEC 14, 2016

Today Update :

www.caindelhiindia.com; Corporate updates
www.caindelhiindia.com; Corporate updates

 DIRECT TAX:-

  • To refer a case to TPO, AO need not to have definite findings, Prima Facia opinion is sufficient.  Sec 92CA (1) envisages that where the AO consider it ‘necessary or expedient’ to do so, he may with the approval of Commissioner refer the computation of arm’s length price in relation to the concerned international transaction to the TPO. Price Water House Et Anr. Vs Commissioner of Income Tax (Calcutta High Court).

Indirect Tax:-

  • Revenue could not insist the appellant to avail a particular option under rule 6. When the appellant calculated the amount to be reversed and the compliance of conditions prescribed u/r 6(3)(ii) read with Rule 3(A) of Rule 6 is claimed, a demand under rule 6(3) for an amount equal to a percentage of the exempted goods is not sustainable. M/s Mahindra & Mahindra Limited Vs CCE (CESTAT Delhi).

Other  Update:-

  • CC&AG empanelment of CA Firms begins from 01st Jan’2017 to 15th Feb 2017 for the year 2017-2018 details are available at www.saiindia.gov.in.

Key Dates:-

  • Payment of Advance Income Tax for all assessees (75%) : 15/12/2016
  • E-Payment of PF for Nov: 15/12/2016
  • Payment of DVAT TDS for Nov : 15/12/2016
  • Issue of TDS certificate in case of payment/credit made in Oct for purchase of property u/s 194IA : 15/12/2016

“If you want to make a permanent change, stop focusing on the size of your problems and start focusing on the size of you!”

We look forward for your valuable comments.  www.caindelhiindia.com

FOR FURTHER QUERIES CONTACT US:

W: www.caindelhiindia.com      E: info@caindelhiindia.com        T: 011-233-4-3333, 9-555-555-480

**********************************************************

If this article has helped you in any way, i would appreciate if you could share/like it or leave a comment. Thank you for visiting my blog.

Legal Disclaimer:
The information / articles & any relies to the comments on this blog are provided purely for informational and educational purposes only & are purely based on my understanding / knowledge. They do noy constitute legal advice or legal opinions. The information / articles and any replies to the comments are intended but not promised or guaranteed to be current, complete, or up-to-date and should in no way be taken as a legal advice or an indication of future results. Therefore, i can not take any responsibility for the results or consequences of any attempt to use or adopt any of the information presented on this blog. You are advised not to act or rely on any information / articles contained without first seeking the advice of a practicing professional.