Income Tax

  • Income Tax

CBDT notifies Forms for exercising option for reduced corporate tax rate u/s 158BAA/158BAB

CBDT notifies Forms for exercising option for reduced corporate tax rate u/s 158BAA / 158BAB by domestic companies MINISTRY OF…

4 years ago
  • Income Tax

Processing of ITRs filed during FY 2018-19 u/s 139, in response to  notice u/s 142(1) or  u/s 119(2)(b)

Processing of ITRS filed during FY 2018-19 u/s 139, in response to notice u/s 142(1) or  u/s 119(2)(b) getting time…

4 years ago
  • Income Tax

Condonation of delay by CIT(Exemptions) u/s 119(2)(b) where ITRs filed beyond due date-CBDT Circular

Condonation of delay by CIT(Exemptions) u/s 119(2)(b) for filing Form 9A 10 where ITRs have also been filed beyond due…

4 years ago
  • Income Tax

CBDT defines unauthorised colony in NCT of Delhi for exemption from deemed tax u/s 56(2)(x)

CBDT defines unauthorised colony in NCT of Delhi for exemption from deemed tax u/s 56(2)(x) under Rule 11UAC   MINISTRY OF…

4 years ago
  • Income Tax

Prosecution u/s 276CC – Failure to file ITR was not willful due to seizure of records required to examine

Prosecution u/s 276CC-Failure to file ITR was not willful due to seizure of documents required by assessee for examination before…

4 years ago
  • Income Tax

For grant of registration u/s 12A, non deduction of TDS on salary or salary paid in cash is irrelevant

For grant of registration u/s 12A if tax not deducted at source (TDS) from salary or salary paid partly in…

4 years ago
  • Income Tax

Godown used for storage of explosives qualifies for exemption u/s 54G

Godown used for storage of explosives qualifies for exemption u/s 54G being a place used for purpose of business of…

4 years ago
  • Income Tax

In absence of accounts / certificate of agriculture activity, mere affidavit rejected

In absence of accounts/certificate of agriculture activity claimed to have been carried out, mere affidavit not sufficient to discharge the…

4 years ago
  • Income Tax

Reopening u/s 147 /148 for escaped interest income upheld when AO by oversight failed to assess it

Reopening u/s 147 /148 for escaped interest income upheld when AO by oversight failed to assess interest income duly disclosed…

4 years ago
  • Income Tax

Corrigendum cannot validate draft assessment order passed u/s 143(3)/144C

Corrigendum cannot validate draft assessment order passed u/s 143(3)/144C by Assessing Officer clearly mentioning that order passed was a draft…

4 years ago