• Income Tax

Penalty u/s 271(1)(c) for mistake of not disclosing Long Term Capital Gain LTCG on the land part comprised in the block of Factory Building sold

8 years ago

In a recent judgment, ITAT Delhi has set aside penalty u/s 271(1)(c) and remanded the matter to CIT(A) for mistake of assessee…

  • Income Tax

Section 69/69C mandates that assessee must have incurred any expenditure. Additions can not be made by just estimating the expenditure-ITAT

8 years ago

ITAT Lucknow in a recent judgment has held that section 69 of the Income Tax Act, 1961 provides that the assessee must…

  • Income Tax

Special Audit u/s 142(2A) Stay Period to be excluded for Limitation concluding Block Assessment u/s 158BE-Supreme Court

8 years ago

In a recent judgment, Supreme Court has upheld that special audit u/s 142(2A) was an integral step towards assessment proceedings and…

  • Income Tax

Step-by-step-wise Procedure for uploading/e-filing of TDS Returns at Traces website with effect from 01/05/2016

8 years ago

Step-by-wise Procedure for e-filing of TDS Returns with effect from 01/05/2016 With effect from 01/05/2016 etds quarterly statements/returns shall not be…

  • Excise/Custom

Custom safeguard duty imposed on the final findings of Director General (Safeguards) on goods under heading 7208/tariff item 7225 30 90 1st Schedule

8 years ago

Government of India Ministry of Finance (Department of Revenue) Notification No. 1/2016-Customs (SG) New Delhi, the 29th March, 2016 G.S.R.…

  • Income Tax

PAN Allotment Statistics Financial Year 2013-14 for Income Tax Department

8 years ago

Income Tax Department PAN Allotment Statistics Financial Year 2013-14 1. PAN Allotment- Taxpayer Status Taxpayer Status PAN Allotted During FY 2013-14…

  • Income Tax

Income Tax Return ITR Statistics Assessment Year 2012-13 by Income Tax Department

8 years ago

Income Tax Department Income Tax Return Statistics/Analysis Assessment Year 2012-13  Income Tax Department has released Statistics of Income Tax Return…

  • Income Tax

Income Tax Department Time Series Data Statistics/Analysis Financial Year 2000-01 to 2014-15

8 years ago

Income Tax Department Time Series Data Statistics/Analysis  Financial Year 2000-01 to 2014-15 1. Direct Tax Collection (Rs. in crores) Corporate…

  • Income Tax

Limitation for penalty proceedings under sections 271D and 271E of the Income tax Act, 1961-CBDT Circular 10/2016

8 years ago

  Circular No. 10/2016 F.No.279/Misc./M-140/2015-ITJ Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes ******…

  • Income Tax

Computation of book profit for MAT u/s 115JB of the Income-tax Act 1961 for Indian Accounting Standards (Ind AS) compliant companies-Comments invited

8 years ago

Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 28th April, 2016 PRESS…