Profile cover photo
Profile photo
Nitin Aggarwal (Taxalertindia)
126 followers
126 followers
About
Posts

Post has attachment
CBDT is Planning to Valuate Unquoted Shares at FMV u/s 56 and 50CA
The Finance Act, 2017 inserted clause (x) in sub-section (2) of Section 56 of the Incometax Act,1961(‘the Act’) so as to widen the scope of taxability of receipt of sum of money or property without/inadequate consideration. Under the said clause read with R...
Add a comment...

Post has attachment
No Service Tax on PM Vaya Vandana Yojana
Service tax department issued a notification no. 17/2017 dated 4 May 2017 about service tax exemption on pradhan mantri vaya vandana yojana. Full notification is as under. In exercise of the powers conferred by sub-section (1) of section 93 of the Finance A...
Add a comment...

Post has attachment
All Income Tax Return Form ITR Including ITR-6 for FY 2017-18
CBDT issued all income tax return form for financial year 2017-18. ITR 6 is the latest form which issued by income tax department. All other ITR ITR-1,ITR2,ITR3, ITR4S, ITR5 and ITR7 are issued sometime back. So we include all the income tax return form ITR...
Add a comment...

Post has attachment
CBDT 9th Amendment and New Form 10-IB for Startups to Opt Lower Tax Rates
CBDT notifies notification no. 36/2017 dated 2 May 2017 and makes 9th amednment in income tax rules with a new income tax form 10-IB for startups to opt for lower tax rates. In exercise of the powers conferred by section 295 read with section 115BA of the I...
Add a comment...

Post has attachment
No Electricity Bill in Cash-Centre Asks States
To boost cashless economy as well as to render electricity bill payment system effective and efficient, State Power distribution companies have been asked to stop accepting electricity bill payment in cash. In India, power amounting to as much as lakhs of c...
Add a comment...

Post has attachment
Things To Know About New AC 3-tier Coaches of Indian Railways
Indian Railways is set to roll out a major makeover of its AC 3-tier coaches. A few changes made to the coaches, which have had the same look and feel for decades, the new-look AC 3-tier coaches would become more comfortable, luxurious and passenger-friendl...
Add a comment...

Post has attachment
Interest on Tax Refund can't be Used to Benchmark Loan Transactions
Unilateral act of AO in adjusting assessee's refund with demand of AE is an international transaction, however, interest on refund given by revenue to AE is at statutory interest rates, which cannot be used for benchmarking of loan between two business conc...
Add a comment...

Post has attachment
Changed Rules by The Government Which Applicable from 1 May
May 1 has changed many rules in the country. Whose information is to be an extremely important because not aware of the changed rules you can get into trouble. Safety as well as tell the impact of these changes we will have direct access to all of life. Now...
Add a comment...

Post has attachment
CBES Clarification on Posting of Excise Officer in Cigarette Units
Representations have been received from the field formations and members of the trade and industry regarding practicality of round-the-clock posting of Central Excise officers in the cigarette manufacturing units. In terms of para 10 of instructions dated 2...
Add a comment...

Post has attachment
How Pertrol Pumps Do Cheat in Front of Your Eyes
A series of raids by Uttar Pradesh Special Task Force (STF) in Lucknow yesterday have revealed how petrol pumps are cheating consumers.  Most consumers only check the display of the fuel dispensing machine for the amount and the quantity of the fuel filled ...
Add a comment...
Wait while more posts are being loaded