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Allowability of deduction u/s 80TTB for SB interest to senior citizens not have fixed deposit interest income The ITR utilities provided by the income tax efiling website have been programmed to disallow the deduction u/s 80TTA to senior citizens (base on the input of date of birth) by …
Transfer u/s 2(47)(v) is complete when possession of immovable property taken over in part performance of contract ABCAUS Case Law Citation: ABCAUS 3051 (2019) (07) ITAT In The instant case, the Revenue had filed the appeal against the order passed by the CIT(A) in directing to treat the …
CBDT exempts income of Chhattisgarh Building and Other Construction Workers’ Welfare Board MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) Notification No. 52/2019 New Delhi, the 4th July, 2019 S.O. 2378(E).—In exercise of the powers conferred by clause (46) of section 10 of the Income-tax …
Penalty u/s 271(1)(c) confirmed despite non specifying charge in the notice as assessee not raised it before CIT(A) and changed stand before ITAT ABCAUS Case Law Citation: ABCAUS 3050 (2019) (07) ITAT Important Case Laws Cited/relied upon by the parties: CIT v. Zoom Communication (P) Ltd. Sundaram Finance …
No Revision u/s 263 when assessment order was void and did not exist in law for not following procedure laid down by Supreme Court in GKN Drivesshaft ABCAUS Case Law Citation: ABCAUS 3049 (2019) (07) ITAT Important Case Laws Cited/relied upon by the parties: CIT Vs. VSNL (2012) …
Deity is a juristic person having status of individual, Tax rates/slabs as applicable to an individual would apply. Section 167B not applicable. ABCAUS Case Law Citation: ABCAUS 3048 (2019) (07) ITAT Important Case Laws Cited/relied upon by the parties: Official Trustee of West Bengal Vs. CIT (1974) 93 …
Partial discharge of bonds / bank guarantees submitted for import of gold in proportion to export made Circular No. 18/2019-Customs F.No. DGEP/G&J/22/2018Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Indirect Taxes & Customs(Directorate General of Export Promotion)****** New Delhi, Dated: 05th July, 2019 To,All Pr. Chief Commissioners/ …
Amendment proposed in GST Laws by Union Budget 2019-20 Amendments carried out in the Finance Bill, 2019 will come into effect from the date when the same will be notified, concurrently with the corresponding amendments to the Acts passed earlier by the States & Union territories with legislature. …
Key Highlights of Union Budget 2019-20. 10-point Vision for decade & towards 5 Trillion $ Economy The Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman made her maiden Budget Speech today and presented the Union Budget 2019-20 before the Parliament. The key highlights of Union Budget …
GST threshold for goods supplier to be enhanced from Rs. 20 lakhs to Rs. 40 lakhs GST processes further simplified; businesses with less than Rs. 5 crore annual turnover to file quarterly GST returns; threshold for goods supplier to be enhanced from Rs. 20 lakhs to Rs. …
