Income Tax

  • Income Tax

No adverse Income Tax notice to be issued to taxpayers during April-Jun 2020 – CBDT

No adverse Income Tax notice to be issued to taxpayers during April-June 2020 - CBDT issues its Interim Central Action…

4 years ago
  • Income Tax

CBDT gives relief on residency provisions due to lockdown & suspension of international flights

CBDT gives relief on residency provisions due to lockdown & suspension of international flights Govt has granted relief on residency…

4 years ago
  • Income Tax

CBDT defers requirement of fresh registration of trusts u/s 12AB to 01.10.2020 due to Covid-19 Situation

CBDT defers requirement of fresh registration of trusts under section 12AB to 01.10.2020 due to Covid-19 Situation The Finance Act…

4 years ago
  • Income Tax

Show Cause Notice, Order and Penalty passed during lockdown period quashed

Show Cause Notice, Order and Penalty passed during lockdown period quashed as assessee had no opportunity to explain the case.…

4 years ago
  • Income Tax

Shri Ram Janmabhoomi Teerth Kshetra notified for benefit of deduction u/s 80G from donations

CBDT notifies Shri Ram Janmabhoomi Teerth Kshetra for benefit of deduction u/s 80G for donations made from AY 2021-22 MINISTRY…

4 years ago
  • Income Tax

CBDT amends rule giving effect to DTAA on application by taxpayer aggrieved by foreign tax authority

CBDT amends Rule 44G prescribing procedure for making application to give effect to a DTAA to give relief to a…

4 years ago
  • Income Tax

Cash credit entries in books of a firm could not be added to its profit – High Court

Cash credit entries in books of a firm, in absence of material to indicate that they were its profits, could…

4 years ago
  • Income Tax

Witholding refund on issue of notice u/s 143(2). If recording satisfaction required? SC explains

Witholding / Processing of refund on issue of notice u/s 143(2)-SC explains the Law. From AY 2017-18 onwards, recording of…

4 years ago
  • Income Tax

CBDT further defers GAAR & GST reporting in Tax Audit Report Form-3CD till 31.03.2021

CBDT further defers GAAR & GST reporting in Tax Audit Report Form-3CD till 31.03.2021 GAAR & GST reporting in Tax…

4 years ago
  • Income Tax

CBDT debunks suggestions by IRS officers on tackling COVID-19 situation

CBDT debunks suggestions by IRS officers on tackling COVID-19 situation, calls it a violation of Conduct Rules and initiates inquiry…

4 years ago