Income Tax

  • Income Tax

CBDT specifies authorities to perform, concurrently, as AO, to facilitate Centralised E-assessment proceedings

CBDT specifies Income Tax authorities to perform, concurrently, powers and functions of the AO, to facilitate Centralised E-assessment proceedings MINISTRY…

5 years ago
  • Income Tax

CBDT gives directions for handling startups grievances and addressing tax related issues

CBDT directions for handling startups grievances and addressing tax related issues CBDT directions for handling startups grievances  In August 2019,…

5 years ago
  • Income Tax

An order passed in ignorance of binding precedents is erroneous. ITAT deleted penalty u/s 271(1)(c)

An order passed in ignorance of binding precedents is erroneous. ITAT deleted penalty u/s 271(1)(c) when in subsequent year it…

5 years ago
  • Income Tax

TDS payable as at year end is allowable expenditure in cash basis of accounting – ITAT

TDS payable as at year end is allowable expenditure in cash basis of accounting. it can not be said that…

5 years ago
  • Income Tax

Exemption from TDS on cash withdrawals to commission agents/traders of Agriculture Produce Market Committee

Exemption from TDS on cash withdrawals u/s 194N to commission agents/traders of Agriculture Produce Market Committee (APMC) Exemption from TDS…

5 years ago
  • Income Tax

CBDT allows higher depreciation on motor cars, buses, lorries & taxis with retrospective effect

CBDT allows higher depreciation on motor cars, buses, lorries & taxis with retrospective effect in a bid to support slump…

5 years ago
  • Income Tax

Jurisdiction of PCIT / CIT extended in respect of specified cases/persons

Jurisdiction of PCIT / CIT extended in respect of specified cases/persons in the addition to their existing jurisdiction.  MINISTRY OF…

5 years ago
  • Income Tax

The Taxation Laws (Amendment) Ordinance 2019. List of Amendments  in income-tax act & Finance Act

Copy of the Taxation Laws (Amendment) Ordinance 2019 promulgated by the President. List of Amendments  in income-tax act, 1961 &…

5 years ago
  • Income Tax

TDS u/s 194N-Cash Replenishment Agencies/ franchise agents of White Label ATM Operators exempted

TDS u/s 194N-Cash Replenishment Agencies & franchise agents of White Label ATM Operators exempted from TDS on cash withdrawal MINISTRY…

5 years ago
  • Income Tax

Confidentiality provisions of tax treaties prohibit use of exchanged information for non-tax  purposes  

Confidentiality provisions of tax treaties prohibit use of exchanged information for non-tax  purposes without express consent  Central Board of Direct…

5 years ago