Income Tax

  • Income Tax

​TDS credit u/s 194N to be given to person from whose account tax is deducted – CBDT Notification

Credit of TDS u/s 194N shall be given to person from whose account tax is deducted for the financial year…

5 years ago
  • Income Tax

Prosecution u/s 276CC quashed as accused age was more than 70 years at commission of offence

Prosecution u/s 276CC quashed as accused age was more than 70 years at the time of commission of offence as…

5 years ago
  • Income Tax

Guarantee not an international transaction u/s 92B of the Income Tax Act – ITAT

Guarantee does not amount to an international transaction under section 92B of the Income Tax Act. ITAT ABCAUS Case Law…

5 years ago
  • Income Tax

DIN system of CBDT launched. About 17500 Communications with DIN Generated on First day

DIN system of CBDT launched ; About 17500 Communications with DIN Generated on First day The Documentation Identification Number (DIN)…

5 years ago
  • Income Tax

Cash loan from wife due to business expediency. Penalty 271D deleted as business was in family’s interest

Cash loan from wife due to business expediency. Penalty u/s 271D deleted as the business was carried on in the…

5 years ago
  • Income Tax

Concealment penalty deleted for excess salary appearing in Form 26AS on revision by employer

Concealment penalty deleted for excess salary appearing in Form 26AS on revision by employer. ITAT accepted assessee's explanation as bonafide…

5 years ago
  • Income Tax

Depreciation rate on printers. Printers being part of computer systems entitled for depreciation at 60%

Depreciation rate on printers under Income Tax. Computer peripherals like printers part of computer system & entitled for depreciation at…

5 years ago
  • Income Tax

Condonation of delay in filing Form no. 10B for AY 2016-17 & AY 2017-18. Deadline extended

Condonation of delay in filing Form no. 10B for AY 2016-17 & 2017-18. Deadline extended to 30.09.2020 for belated applications. …

5 years ago
  • Income Tax

CBDT extends last date for linking PAN & Aadhaar to 31.12.2019 from 30.09.2019

CBDT extends last date for linking PAN & Aadhaar from 30th September, 2019 to 31st December, 2019. CBDT Notification  [TO…

5 years ago
  • Income Tax

Penalty u/s 271(1)(c) on notional interest on debit balances in capital account of some partners deleted

Penalty u/s 271(1)(c) on disallowance of notional interest on debit balances in capital account of some of the partners deleted…

5 years ago