• Income Tax

If ITR processed u/s 143(1) AO can form reasons of income escapement by examining very ITR

5 years ago

Where ITR is processed u/s 143(1) AO can form reasons to believe that income has escaped assessment by examining the…

  • Income Tax

Activity of running hostel by Dental college was not a separate business activity – High Court

5 years ago

Activity of running hostel by Dental college not a separate business activity and pre conditions u/s 11(4A) do not apply…

  • Income Tax

CBDT further extends timelines of compliances, exempts Covid treatment expenses, ex-gratia on death

5 years ago

  CBDT grants further extension in timelines of compliances, announces tax exemption for expenditure on Covid treatment and ex-gratia received…

  • Income Tax

No addition can be made on issues for which case was not reopened u/s 147

5 years ago

No addition can be made on issues for which case was not reopened. Reassessment quashed as addition made on issues…

  • RBI

RBI prescribes guidelines on distribution of dividend by NBFCs

5 years ago

RBI prescribes guidelines on distribution of dividend by NBFCs RBI has prescribed guidelines on distribution of dividend by NBFCs to…

  • Income Tax

NFAC bound by decision of Jurisdictional High Court. ITAT urges CBDT TO recall all such orders

5 years ago

NFAC is bound by binding decision of Jurisdictional High Court when AO is situated within territorial and subjective jurisdiction of…

  • Income Tax

Procedure for using functionality of Compliance Check for Section 206AB & 206CCA for non filers of ITRs 

5 years ago

  Procedure for using functionality of Compliance Check for Section 206AB & 206CCA for non filers of ITRs    Recently…

  • RBI

Gold Metal Loans-Banks to provide option to borrower to repay part of GML in physical gold

5 years ago

Gold Metal Loans-Banks to provide option to borrower to repay part of GML in physical gold in lots of one…

  • Income Tax

Finance Minister asks Infosys to solve problems faced in e-filing portal immediately

5 years ago

Finance Minister asks Infosys to solve problems faced in e-filing portal without further loss of time Right from the launch…

  • Income Tax

CIT exemption cannot sit in appeal against affiliation granted to assessee by Education Board

5 years ago

CIT exemption cannot sit in appeal against affiliation granted to asseesee by Education Board. Permission examined by board can not…