rectification letter

News

4.21 crore income tax returns Efiled this year


Number of e filed Income Tax Returns in Financial Year 2016 17 till 28 02 2017 was 4 21 Cr The total amount of refund issued in the current fiscal including refund arising out of rectification appeal effect etc is Rs 1 48 459 crore till 28 02 2017 The number of e filed Income Tax Returns in Financia

Finance ministry directs all banks to maintain record of old and new currency deposit


The Ministry of Finance through a letter to all the MDs CEOs CMDs of PSBs and Chairman IBA directs that all the bank branches in the country be alerted to reflect correctly the cash deposit in old and new currency and inform the customers about the same Action taken in this regard be reported by 16

RBI to release new notes for Rs 20 and Rs 50 soon


Issue of Rs 20 banknotes with the inset letter L with numerals in ascending size in number panels and without intaglio printing The Reserve Bank of India will shortly issue Rs 20 denomination banknotes in the Mahatma Gandhi Series 2005 with inset letter L in both the number panels bearing signature

SIT chairman says govt has taken a bold step in demonetising notes


The Chairman and Vice Chairman SIT on Black Money Former Judges of the Supreme Court of India Justice MB Shah and Justice Arijit Pasayat in a jointly written letter to the Union Finance Minister Shri Arun Jaitley The Government has taken a bold step to demonetize Rs 500 and Rs 1 000 notes The Chairm

IT dept to issue 7 lakh letters seeking information in respect of high value non PAN transaction


Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi 21st July 2016 Sub Income Tax Department to issue 7 lakh letters seeking Information in respect of High Value Transactions Under the Annual Information Returns AIR various types of high value transa

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Experts Opinions

Conversion/rectification


we are manufacturing aluminium circles and one of our regular dealer taking material from us and its get some problem in Quality and we have received the material for rectification under Annexure challen rectify the material and send the same corrected material to our dealer Now we are issuing Debit

Conversion/rectification


we are manufacturing aluminium circles and one of our regular dealer taking material from us and its get some problem in Quality and we have received the material for rectification under Annexure challen rectify the material and send the same corrected material to our dealer Now we are issuing Debit

Coversion/rectification


Dear sir we are manufacturing aluminium circles and one of our regular dealer taking material from us and its get some problem in Quality and we have received the material for rectification under Annexure challen rectify the material and send the same corrected material to our dealer Now we are issu

Bank letter of credit charges


All Indian Banks have their Schedule of various Charges available on their websites Do some banks levy charges to some clients at a higher rate than their published standard tariffs also My query particularly relates to charges for Opening and Processing Inland Letters of Credits eg SBI states its I

Authorised letter of charity commissioner


issue of charity commissioner letter

Discussion

Letter of credit

what is usance lc

drafting letters

how to draft letter format or one example of drafting letter

Accounting entries for capitalization with letter of credit?

Could anyone please tell me the accounting entries for import of Capital goods through Letter of credit including the discouting charges of LC how do i capitalise the Capital goods purchased through LC

Balance sheet rectification

I am a salaried individual Though I dont need to prepare Balance Sheet I am doing so to learn things and to keep track In last year I forgot to mention some of my LIC investment ULIP scheme in my balance sheet Can you please tell me how to rectify this mistake in this year balance sheet Thanks Regar

Rectification filed

Dear CCI members Can anybody help me with this Original return was filed with zero income for AY 2014 15 which was processed by CPC Later rectification for the same was filed with some income below tax slab for which mail received from CPC saying that rights transferred to AST Now what is the status

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Articles

An open letter by Founder of Tally - 'What will make GST fail'


We are now at the horizon of the Constitutional Amendment and passage of the GST bill which are now in its final stages By far the GST amendment will be the biggest step the country has taken in ensuring economic integration While the draft law comes with a promise of economic growth it poses severa


Stakeholder exist in spirit, not in letter


SEBI Listing Obligations Disclosure Requirements Regulation 2015 LODR is applicable to all listed companies in India with effect from December 1 2015 This legislation is a relatively small but rather complicated legislation thereare referencesin this legislation to the term in the interest of stakeh


Website - An Eye of Compliance in Letter and Spirit


In this modern era people and companiesare on the internet for exchanging of information and communication Website becomes an essential source to carry out the business smoothly I will talk about the compliance point of view Regulators may visit your website for the information as and when required


Rectification and Issues Related to Rectification of Income Tax Return


Rectification and Issues Related to Rectification of Income Tax Return Rectification has become easy since switchover to online but it has its own limitation In this article I will be covering almost every point related to rectification in terms of Online request for rectification Required informati


Recapitulation of errors that need instant rectification!


With the budget round the corner the Department of Ministry of Finance is flooded with the representations conveying the expectations suggestions amendments and clarifications in the laws to be implemented in the forthcoming budget Although the list of expectations and amendments needed is never end


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Updated on : 4/26/2017 2:01:37 PM


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