Thursday, 3 January 2013

New Features on ACES New Website

1. A sub-menu “Print Acknowledgement” is available in each module to take a print of response/acknowledgment message at a later point of time.
2. Assessees can file ER7 return now through online, offline utility and xsd schema. 3. “XLS upload” (Template Upload) is available in A1 and ST1 form at the relevant places for capturing multiple addresses/premises offline and then uploading the same online

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GAAR Not Applicable to Genuine Capital Market Transactions: Telangana High Court

In a significant ruling, the Telangana High Court held that General Anti-Avoidance Rules (GAAR) cannot be invoked merely because a transacti...