• Income Tax

Tax exemption-Partial withdrawal from NPS not exceeding 25% of the contribution made by an employee from assessment year 2018-19

10 years ago

Tax exemption-Partial withdrawal from NPS not exceeding 25% of the contribution made by an employee from assessment year 2018-19 Budget…

  • Income Tax

Power to survey to charitable institutions u/s 133A. Till now expression “business or profession” was used in the section

10 years ago

Power to survey to charitable institutions u/s 133A Extension of the power to survey to charitable institutions The existing provisions…

  • Income Tax

Power to call information us 133(6) by Investigation authorities can be exercised by the Joint-Deputy and the Assistant Director.

10 years ago

Power to call information us 133(6) by Investigation authorities can be exercised by the Joint Director, the Deputy Director and…

  • Income Tax

Reason to believe to conduct search not to be disclosed to to any person or any authority or the Appellate Tribunal.

10 years ago

Reason to believe to conduct search not to be disclosed to to any person or any authority or the Appellate…

  • Income Tax

House property loss set-off against other income head limit of Rs. two lakh for any assessment year.

10 years ago

House property loss set-off against other income head limit of Rs. two lakh for any assessment year. New sub section…

  • Budget 2017-18

PAN quoting requirement in TCS Provisions-Section 206CC. Failure to quote PAN to invite deduction at twice the rate or 5% whichever is higher

10 years ago

PAN quoting requirement in TCS Provisions-Section 206CC. Failure to quote PAN to invite deduction at the twice the rate or…

  • Income Tax

Fresh registration us 12AA for change in objects which do not conform to the conditions of registration granted

10 years ago

Fresh registration us 12AA for change in objects which do not conform to the conditions of registration granted Budget 2017-18…

  • Income Tax

Penalty 271J-Furnishing incorrect report-certificate by CA, merchant banker or registered valuer. CIT(A) may direct Rs 10000 penalty

10 years ago

Penalty 271J-Furnishing incorrect report-certificate by Chartered Accountants, merchant banker or registered valuer. CIT(A) may direct Rs. 10000 as penalty for…

  • Income Tax

Fee for delayed filing of return of income u/s 234F. Rs. 5000/- if ITR is filed within December of Assessment Year and Rs. 10000/- in other cases.

10 years ago

Fee for delayed filing of return of income u/s 234F. Rs. 5000/- if ITR is filed within December of Assessment…

  • Income Tax

Corpus donation amongst exempt entities not to be considered application of income. Amendment to section 11 and 10(23C) from AY 2018-19

10 years ago

Corpus donation amongst exempt entities not to be considered application of income. Amendment to section 11 and 10(23C) from AY…