• Income Tax

Excel Form 12BB for furnishing evidences/particulars of deductions claimed to employer by an employee for computation of TDS on Salary u/s 192

10 years ago

Form 12BB for furnishing evidences/particulars of deductions claimed by an employee for TDS from Salary  CBDT Vide notification no. 30/2016…

  • Income Tax

TDS TCS Rules major amendments-CBDT Notification 30/2016. Rule 26C Form 12BB, Rule 30 Section 194IA, Rule 31A, TDS Qyarterly Return Due Dates etc.

10 years ago

TDS TCS Rules major amendments. Rule 26C Form 12BB, Rule 30 Section 194IA, Rule 31A, TDS Qyarterly Return Due Dates…

  • Income Tax

Consistency in taxability of income/loss arising from transfer of unlisted shares under Income-tax Act 1961 – CBDT F.No.225/12/2016/ITA.II dated 02/05/2016

10 years ago

F.No.225/12/2016/ITA.II Government of India Ministry of Finance Department of Revenue (CBDT) North Block, New Delhi, dated the 2nd of May,…

  • VAT

If a transaction is deemed sale or a service is a question of fact. Mere filing service tax returns or service tax payment not conclusive of the true nature

10 years ago

Whether a transaction is a deemed sale or a service is a question of fact and would have to be…

  • Income Tax

Merging orders of re-assessment u/s 143(3)/147 and original assessment u/s 143(3) for the purpose of rectification time limit u/s 154 do not apply

10 years ago

In a recent judgment, ITAT Kolkata has held that the re-assessment under section 143(3)/147 is independent and separate from the original…

  • Income Tax

Excel Income Tax Formula for calculating income tax in a single excel cell

10 years ago

Excel Income Tax Formula for calculating income tax in a single excel cell for individuals, senior citizen and super citizens…

  • Income Tax

Tied-up grants received from donor for specific purpose do not form part of total income of the charitable institution/trust u/s 11-ITAT

10 years ago

In a recent judgment, Hyderabad ITAT has held that grants or contribution in the nature of tied-up grants cannot be taken…

  • Income Tax

Foreign visit travel expenses, delegate fee and related expenses incurred for spouse of the chartered accountant firm’s partners disallowance

10 years ago

Disallowance made for foreign visit travel expenses, delegate fee and related expenses incurred for the spouses of the chartered accountant partners upheld…

  • Income Tax

Step by Step procedure for filing Online Form 15CA and Form 15CB applicable from 01/04/2016 as per CBDT Notification 93/2015

10 years ago

Procedure and Instructions to e-File Form 15CA and 15CB CBDT vide its notification no. 93/2015 dated 16-12-2015 has revised the…

  • Income Tax

No penalty imposable u/s 271(1)(c) where High Court accepted substantial question of law u/s 260A against quantum appeal

10 years ago

Where High Court accepted substantial question of law u/s 260A, against the quantum appeal, itself shows that issue was debatable…