Penalty 271J-Furnishing incorrect report-certificate by Chartered Accountants, merchant banker or registered valuer. CIT(A) may direct Rs. 10000 as penalty for…
Fee for delayed filing of return of income u/s 234F. Rs. 5000/- if ITR is filed within December of Assessment…
Corpus donation amongst exempt entities not to be considered application of income. Amendment to section 11 and 10(23C) from AY…
Section 56-2-vii property received without consideration extended to all assessee including companies and firm for taxation as Income from other…
Section 50CA-Deemed FMV for transfer of unquoted shares. FMV to be deemed full value of consideration for computing income under…
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…