Income Tax

  • Income Tax

Public consultation-New Income Tax Rule 29BA & Form 15E to give effect to amendment in section 195

Public consultation on new Income Tax Rule 29BA and Form 15E to give effect to amendment in section 195 F.…

4 years ago
  • Income Tax

Partners remuneration / interest on capital allowable from estimated profit. ITAT allows deductions

Partners remuneration / interest on capital allowable from estimated profit. ITAT allows deductions following decision of Jurisdictional High Court ABCAUS…

4 years ago
  • Income Tax

No merit in holding that estimated addition has to be made due to fall in gross profit rate-ITAT

No merit in holding that estimated addition has to be made on account of fall in gross profit rate. ITAT…

4 years ago
  • Income Tax

DG Anti-Corruption Bureau, Jaipur notified as authority for disclosure of assessee’s information u/s 138

DG Anti-Corruption Bureau, Jaipur notified as authority for disclosure of information of assessee u/s 138 MINISTRY OF FINANCE (Department of…

4 years ago
  • Income Tax

Extension of due date for linking of PAN with Aadhaar from 31.12.2019 to 31.03.2020

Extension of due date for linking of PAN with Aadhaar from 31st December, 2019 to 31st March, 2020.  The CBDT…

4 years ago
  • Income Tax

New Rule 119AA – CBDT prescribes modes of e-payment for the purpose of section 269SU

New Rule 119AA - CBDT prescribes modes of electronic payment for the purpose of section 269SU Finance Act No. 23…

4 years ago
  • Income Tax

If cash deposit fully explained no peak credit addition required as directed by ITAT

When cash deposit was fully explained no peak credit addition was required as directed by ITAT while remitting the matter…

4 years ago
  • Income Tax

Appeals pending with CIT(A) for more than 5 years to be disposed off by 31.03.2020 – CBDT

Income Tax appeals pending with CIT(A) for more than 5 years to be disposed off by 31.03.2020 - CBDT In…

4 years ago
  • Income Tax

Income tax department not entitled to make application to Court for returning seized property

Income tax department not entitled to make application to Court for returning seized property. Sessions Court dismissed Revision Application ABCAUS…

4 years ago
  • Income Tax

Deadline for submitting response in e-assessment proceedings is 29.12.2019

Deadline for submitting response in e-assessment proceedings is 29.12.2019. As per instruction circulated by the Directorate of Income Tax (Systems),…

4 years ago