TDS default Proceedings u/s 201/201A can not be initiated unless it is found that deductee has also failed to pay…
Addition for Unexplained Investment u/s 69 quashed as Muslims religion bars Interest income therefore cash was kept at home INCOME…
Rationalisation of income tax penalty provisions in budget- 2016-17 New section 270A for under-reporting of income from AY 2017-18 Under…
Penalty 271(1)(c) deleted for claiming deduction u/s 54 for two residential houses for ambiguity before amendment in 2014 INCOME TAX…
Setting up of a dedicated structure for delivery and monitoring of tax payer services in the Income Tax Department Government…
Return of income (ITR) can now be filed without pre-payment of self assessment tax and interest In order to rationalise…
Belated returns u/s 139(4) can now be revised u/s 139(5)-Budget-2016-17 amendments In order to rationalise the time allowed for filing…
Time limit for filing belated income tax returns u/s 139(4) reduced by one assessment year-Budget-2016-17. Amendment applicable from AY 2017-18…
ITR filing made compulsory if total income together with exempt LTCG from Equity shares exceeds basic exemption limit In order…
Form 15G 15H for receiving Rent Payments without TDS deduction from 01-06-2016. Budget 2016-17 amendment to section 197A and 194I…