Time Limit reduced-Assessment completion revised return filing. 18-12 Month for assessment and end of the relevant AY for revised returns…
CBDT empowered to waive TDS default penalty 271C 271CA for failure to deduct or collect tax at source to reduce…
Interest on refund due to deductor at the rate of one-half per cent for every month or part of a…
ITR Processing within prescribed time and withholding refund. Section 143(1D)not to apply to return filed for AY 2017-18 onwards Budget…
TDS Rate us 194J reduced to 2 percent for call centre. Being payment to a person engaged only in the…
Increase in threshold limit-books of accounts maintenance us 44AA for Individuals and HUF. New threshold for income 2.5 lakhs and…
Political Parties not to accept cash donations of Rs 2000 or more. Amendment to section 13A made by Budget 2017-18…
Restriction on Cash Transaction of Rs 3 Lakhs or more in aggregate from a person in a day, in single…
Presumptive tax six percent us 44AD for non cash sales. 8% rate to continue for turnover or gross receipts received…
Cash payment disallowance us 40A3 reduced to Rs 10000 in place of existing limit of Rs. 20000/- to a person…