Section 40A(3) applicable only when payment of expenses is made in cash exceeding specified sum and not to the payment…
Allahabad High Court ask Govt. to take action against Joint Commissioner Sales tax Azamgarh for not complying with order. He…
CBDT has transferred 50 Additional/Joint Commissioners of Income Tax. The transfer/posting had been made locally with immediate effect. The City…
Identification of Benami Properties-More than 1600 provisional attachments made in Benami Transactions The Minister of State for Finance in Rajya Sabha stated…
Government quotes Swiss Authorities to defend rise in Swiss Bank Deposits of Indians. However Swiss Authorities appears to have made a general…
Profit, losses, GNPAs of Public Sector Banks Asset Quality Review (AQR) carried-out in 2015 for clean and fully provisioned bank…
No Cash display boards in ATMs-recent increase in demand for currency which led to high ATM usage attributable to seasonal…
Cash payments for purchase of liquor to government authorized licencee covered by exception provided under Rule 6DD. ITAT deletes addition…
CBDT Chairman Message on 158th Income Tax Day-Transparency and accountability are the cornerstones of a truly modern and responsive tax…
CBDT amends Form 3CD Tax Audit Report for reports for AY 2018-19 issued on or after 20th August 2018. Read…