Income Tax

  • Income Tax

Raising additional grounds orally under Rule 27 of ITAT Rules upheld.

Raising additional grounds orally under Rule 27 of ITAT Rules upheld. High Court explains the scope of Rule 27 under…

4 years ago
  • Income Tax

Provisional attachment of benami property purchased prior to Amendment Act 2016 upheld

Provisional attachment of property purchased prior to Benami Transaction (Prohibition) Amendment Act, 2016 upheld by High Court ABCAUS Case Law…

4 years ago
  • Income Tax

Kerala Cooperative Development & Welfare Fund Board notified for Income Tax exemption

Kerala Cooperative Development & Welfare Fund Board notified for income tax exemption u/s 10(46) for five AYs 2019-20 to 2023-24.…

4 years ago
  • Income Tax

Section 269SU not to apply to businesses having only B2B transactions

Section 269SU related to provision of electronic mode for acceptance of payments not to apply to businesses having only B2B…

4 years ago
  • Income Tax

CBDT amends Safe Harbour Rules. Rule 10TD shall apply for AY 2020-21

CBDT amends Safe Harbour Rules. Rule 10TD shall apply for AY 2020-21 Safe Harbour Rules amended MINISTRY OF FINANCE(Department of…

4 years ago
  • Income Tax

Surplus due to foreign exchange rate fluctuation part of export turnover u/s 80HHC – High Court

Surplus due to foreign exchange rate fluctuation part of export turnover u/s 80HHC in the year of receipt if brought…

4 years ago
  • Income Tax

Prosecution u/s 276C against Official Liquidator of company. HC dismissed application

Prosecution u/s 276C of Official Liquidator of company. High Court dismissed the application of Income Tax Department ABCAUS Case Law…

4 years ago
  • Income Tax

ALP determined in good faith & with due diligence by assessee not liable to penalty u/s 271(1)(c)

ALP determined in good faith and with due diligence by assessee was not liable to penalty u/s 271(1)(c) ABCAUS Case…

4 years ago
  • Income Tax

Chart of reduced TDS/TCS rates for FY 2020-21 from 14.05.2020 to 31.03.2021

Chart of reduced TDS / TCS rates for FY 2020-21 from 14.05.2020 to 31.03.2021 Government of India Ministry of Finance…

4 years ago
  • Income Tax

All ITRs due date for FY 2019-20 Extension,other reliefs as part of 20 Lakhs crores package 

Income Tax Returns (ITRs ) due date for FY 2019-20 Extension and other reliefs announced by the Finance Minister as…

4 years ago