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1. Dolarrai Hemani vs. ITO (ITAT Kolkata) Penny Stocks: The fact that the stock is thinly traded and there is unusually high gain is not sufficient to treat the long-term capital gains as bogus when all the paper work is in order. The revenue has to bring material on record to support its finding that there has been collusion/connivance between the broker and the assessee for the introduction of its unaccounted money.
2. Central Board of Direct Taxes identifies 67.54 lakh income tax non-filers for the Financial Year 2015 who carried out high value transactions in 2014-15 but did not file return of income.
3. Payment towards tax, penalty and deposit under Pradhan Mantri Garib Kalyan Yojana (PMGKY) can be made in Old Bank Notes of Rs. 500 and Rs.1,000 denomination issued by RBI.
4. MCA has revised the version of e-forms: Form IEPF-5, Form CG-1, Form PAS-3, Form MSC-1, Form MGT-14 and Form AOC-4.
5. SEBI advises caution to customers in the matter of PACL- the Committee constituted by the SEBI under Chairmanship of Justice (Retd.) R. M.Lodha.
6. ICAI Code of Conduct for elected, co-opted and nominated representatives has been issued. In pursuance of the decision taken at the 356th Meeting of Council held on 29th June - 1stJuly, 2016.
2. Central Board of Direct Taxes identifies 67.54 lakh income tax non-filers for the Financial Year 2015 who carried out high value transactions in 2014-15 but did not file return of income.
3. Payment towards tax, penalty and deposit under Pradhan Mantri Garib Kalyan Yojana (PMGKY) can be made in Old Bank Notes of Rs. 500 and Rs.1,000 denomination issued by RBI.
4. MCA has revised the version of e-forms: Form IEPF-5, Form CG-1, Form PAS-3, Form MSC-1, Form MGT-14 and Form AOC-4.
5. SEBI advises caution to customers in the matter of PACL- the Committee constituted by the SEBI under Chairmanship of Justice (Retd.) R. M.Lodha.
6. ICAI Code of Conduct for elected, co-opted and nominated representatives has been issued. In pursuance of the decision taken at the 356th Meeting of Council held on 29th June - 1stJuly, 2016.