Income Tax

  • Income Tax

Directions u/s 144A not affect applicability of decision in GKN Driveshaft for disposing off objections to reopening

Directions u/s 144A does not affect applicability of decision of the Supreme Court in GKN Driveshaft for disposing off objections…

5 years ago
  • Income Tax

Provisions of Finance Act 2015 related to Foreign Exchange Act to be effective from 15.10.2019

Provisions of Finance Act 2015 related to Foreign Exchange Act with respect to debt instruments to be effective from 15.10.2019.…

5 years ago
  • Income Tax

Exemption from TDS u/s 194N to authorised dealers , Money Changer licensed by RBI & franchise agents

Exemption from TDS u/s 194N to authorised dealers , Money Changer licensed by RBI & franchise agents Exemption u/s 194N…

5 years ago
  • Income Tax

RBI permits banks to lend to InvITs subject to prescribed conditions

RBI permits banks to lend to InvITs subject to prescribed conditions which inter alia requires banks to have Board approved…

5 years ago
  • Income Tax

Addition for Bogus creditors converted into cessation of liability for defective goods where liability had ceased

Addition for Bogus creditors converted into cessation of liability as goods were defective and vendors had not shown amount as…

5 years ago
  • Income Tax

Income Tax Return Statistics for Assessment Year 2018-19 released by CBDT. Read Key Trends

Income Tax Return Statistics for Assessment Year 2018-19 released by CBDT. Read Key Trends Central Board of Direct Taxes has…

5 years ago
  • Income Tax

High Court refuses to quash prosecution proceedings u/s 276C, directs bail to be decided on surrender

High Court refuses to quash prosecution proceedings u/s 276C, directs prayer for bail be considered and decided if applicant surrenders…

5 years ago
  • Income Tax

NRE Account interest exempt u/s 10(4)(ii) only if assessee is resident outside India under FEMA Provisions

NRE Account interest exempt u/s 10(4)(ii) only if assessee is resident outside India for the concerned fiscal year under FEMA…

5 years ago
  • Income Tax

CBDT transfers 43 officers in the grade of Assistant Commissioner/ Deputy Commissioner of Income Tax

CBDT transfers 43 officers in the grade of ACIT/DCIT. Thirty Officers to be posted at non-sensitive and non-field post. Read…

5 years ago
  • Income Tax

Prosecution filed without initiation of assessment proceedings upheld. Compounding/Settlement not a natural right

Prosecution filed without initiation of assessment proceedings upheld. Compounding or approaching Settlement Commission not a natural right - Sessions Court …

5 years ago