RSA TOKEN IS FIRST 4 DIGIT PIN OF YOUR PAN NO. AND 6 DIGIT DISPLY NO IS SHOWN ON CAPTCH CODE IMAGE NO. eg. YOUR PAN NO. IS - XXXPX1234X CAPTCH CODE NO IS - 567891 THEN RSA TOKEN NO IS - 1234567891

Income Tax E Filing Website crashes on last day of Due date – Tax Updates by CA Atul Modani
https://atul.caclub.in/income-tax-e-filing-website-crashes-on-last-day-of-due-date/

OFFICIAL – CBDT Extends due date of filing tax audit report and income tax return to 7th November 2017 – Tax Updates by CA Atul Modani
https://atul.caclub.in/official-cbdt-extends-due-date-of-filing-tax-audit-report-and-income-tax-return-to-7th-november-2017/

7 Day ITR / TAR Due date extension at Last Moment- What a Shame
https://taxguru.in/income-tax/7-day-extension-moment-shame.html

https://goo.gl/RT8ypc
*CBDT has notified Income-tax (Twenty-fourth Amendment) Rules, 2017, applicable w.e.f. 31 Oct. 2017. New IT Rules 10DA and 10DB have been inserted along with new IT Forms 3CEAA, 3CEAB, 3CEAC, 3CEAD for Guidelines on maintaining and furnishing of Transfer Pricing (TP) Documentation in Master File and Country-by-Country Reporting (CbCR)*

https://atul.caclub.in/hand-book-on-gst-for-service-providers-issued-by-icai/

*Download Hand Book on GST for Service Providers issued by ICAI*

Portal to launch Complaint for Delayed Payment – MSME Samadhaan launched – Tax Updates by CA Atul Modani
https://atul.caclub.in/portal-to-launch-complaint-for-delayed-payment-msme-samadhaan-launched/

Late Fees for unfiled GSTR 1 for July 2017 at Rs 10000 now with extension of GSTR 2 cycle – Tax Updates by CA Atul Modani
https://atul.caclub.in/late-fees-for-unfiled-gstr-1-for-july-2017-at-rs-10000-now-with-extenstion/

New functionalities made available on GST Portal. – Tax Updates by CA Atul Modani
https://atul.caclub.in/new-functionalities-made-available-on-gst-portal/

SC pulls up banks, telecom companies for creating panic on Aadhaar linking


http://www.ecoti.in/ZiUxlb

Four months on, SMEs reluctant to work with GST filing companies
http://www.tribuneindia.com/mobi/news/business/four-months-on-smes-reluctant-to-work-with-gst-filing-companies/492033.html

*Penny Stock addition deleted by Mumbai ITAT in the case of ITO vs. Arvind Kumar Jain HUF (ITAT Mumbai)*

Bogus capital gains from penny stocks: If the DMAT account and contract note show details of the share transactions and the AO has not proved the transactions to be bogus, the capital gains earned on the said transactions cannot be treated as unaccounted income u/s 68. The fact that the broker was tainted and violated SEBI regulations would not make assessee’s transactions bogus

The AO has treated the share transaction as bogus on the plea that SEBI has initiated investigation in respect of Ramkrishna Fincap Pvt. Ltd. The AO further stated that investigation revealed that transaction through M/s Periwal and Co. on the floor of stock exchange was more than 83%. We found that as far as initiation of investigation of broker is concerned, the assessee is no way concerned with the activity of the broker. Detailed finding has been recorded by CIT(A) to the effect that assessee has made investment in shares which was purchased on the floor of stock exchange and not from M/s Basant Periwal and Co. Against purchases payment has been made by account payee cheque, delivery of shares were taken, contract of sale was also complete as per the Contract Act, therefore, the assessee is not concerned with any way of the broker. Nowhere the AO has alleged that the transaction by the assessee with these particular broker or share was bogus, merely because the investigation was done by SEBI against broker or his activity, assessee cannot be said to have entered into ingenuine transaction, insofar as assessee is not concerned with the activity of the broker and have no control over the same