Income Tax

  • Income Tax

IDS Scheme 2016 – Payment of tax/interest/penalty on undisclosed income may be made till 31.01.2020

IDS Scheme 2016 - Payment of tax/interest/penalty on undisclosed income may be made till 31.01.2020 MINISTRY OF FINANCE(Department of Revenue)…

4 years ago
  • Income Tax

The Taxation Laws (Amendment) Act 2019. Read / Download Full Text

The Taxation Laws (Amendment) Act 2019. Tax on income of certain domestic companies. The Taxation Laws ( Amendment ) Ordinance,…

4 years ago
  • Income Tax

Sabka Vishwas Legacy Dispute Resolution Scheme, 2019 – Clarifications

Sabka Vishwas Legacy Dispute Resolution Scheme, 2019 - Clarifications in context of provisions of the Finance (No.2) Act, 2019 and…

4 years ago
  • Income Tax

CBDT promoted 97 officers to the grade of PCIT. Read order and new postings

CBDT promoted 97 Officers to the grade of Principal Commissioner of Income Tax (PCIT). Also, few transfers and assignment have…

4 years ago
  • Income Tax

List of Income Tax buildings with limited bandwidth where e–Proceeding not mandatory in FY 2019-20

List of Income Tax buildings with limited bandwidth where e–Proceeding not mandatory in FY 2019-20 CBDT Circular 27/2019 specified exceptional cases,…

4 years ago
  • Income Tax

Exemption 54F before its amendment can be given to residential house purchased outside India

Benefit of exemption u/s 54F before its amendment can be extended to a residential house purchased outside India. ITAT allowed…

4 years ago
  • Income Tax

Late fee u/s 234E is imposed towards extra effort & resources for processing delayed TDS returns

Late fee u/s 234E is imposed towards extra effort and resources for processing delayed TDS returns. ITAT dismisses assessee’s appeal…

4 years ago
  • Insurance

In Motor Accident Claims income must be determined on the basis of ITRs where available – Supreme Court

In Motor Accident Claims income must be determined on the basis of the income tax return, where available. – Supreme…

4 years ago
  • Income Tax

Income Tax Department conducted search/survey operations on Share Brokers/Traders across India

Income Tax Department conducts search & survey operations on Share Brokers/Traders across India On 3rd December 2019, the Income Tax Department…

4 years ago
  • Income Tax

CBDT e-journal “Taxalogue” (Vol.I) Issue-2, Oct-Dec 2019.

CBDT e-journal "Taxalogue" (Vol.I) Issue-2, Oct-Dec 2019. Directorate of Legal & Research, Income Tax Department has released its e-journal "Taxalogue"…

4 years ago