Tag: form 26AS
Credit for TDS inadvertently not claimed in return of income allowed by ITAT holding that assessee should not be deprived of the benefit of the TDS credit which was inadvertently not claimed in the return of income ABCAUS Case Law Citation:ABCAUS 3734 (2023) (05) ITAT Important Case Laws …
For difference of receipts as per 26AS and books of account, only embedded portion of profits can be added to the income ABCAUS Case Law CitationABCAUS 3540 (2021) (08) ITAT In the instant case, the assessee had challenged the order passed by the CIT(A) in confirming the addition …
Information of GST return to be part of Annual Information Statement in Form 26AS F.No.225/155/2020/ITA.IIGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxes**** New Delhi, the 29th September, 2020 Order In exercise of powers conferred under section 119 of the Income-tax Act,1961 read with sub-rule (2) …
New Form 26AS will desist those taxpayers who inadvertently conceal financial transactions in returns Government of IndiaDepartment of RevenueMinistry of FinanceCentral Board of Direct Taxes New Delhi, 18th July, 2020 PRESS RELEASE New Form 26AS is the Faceless hand-holding of the Taxpayers The new …
CBDT notifies Form of Annual Information Statement u/s 285BB by inserting rule 114-I. This will replace the existing Form 26AS of TDS/TCS The Finance Act 2020, in order to extend the scope of Form 26AS beyond the information about tax deducted, inserted a new section 285BB regarding Annual …
CIT(A) in cryptic order can not reject reconciliation of difference between gross receipts and Form No. 26AS filed before him on the ground that it did not resolve. ABCAUS Case Law Citation:ABCAUS 2696 (2019) (01) ITAT The instant appeal by the assessee was directed against the order of …
Blind reliance on 26AS Statement to declare income or claim TDS puts you to the risk of income tax notice for concealment and demand for subsequent mismatch of income/TDS or both. I am sure, many of us would have witnessed persons who consider Government machinery as their accountant. …
CPC-advisory for 26AS Tax Credits for TDS on Sale of Immovable Property u/s 194IA (26QB Statement)-Avail Benefit of CPC(TDS) Analytics for Correction of PANs. Avail the Benefit of CPC(TDS) Analytics for Correction of PANs in your TDS Statements. CPC (TDS) Advisory for Tax Credits in 26AS with respect …
Addition made as stop gap arrangement till TDS return revised to ascertain the true nature of the transactions set aside by ITAT Kolkata in a recent judgment as under: Case Law Details: ITA No.2301/Kol/2013 Assessment year : 2009-10 Ashok Kumar Shaw vs. ITO Date of Judgment/Order: 06/05/2016 Brief Facts of …
Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS RELEASE New Delhi, 23rd March, 2016 Sub: Inclusion of interest income in the return of income filed by persons liable to pay tax- regarding Information regarding interest earned by individuals and business entities …