Income Tax

  • Income Tax

CBDT transfers 122 officers in the grade of Assistant/Deputy Commissioner of Income Tax

CBDT transfers 122 officers in the grade of Assistant/Deputy Commissioner of Income Tax. CBDT vide order dated 15th July has…

5 years ago
  • Income Tax

Arm’s length rate of interest is the rate prevalent in country of AEs not advancing enterprise

Arm’s length rate of interest is the rate prevalent in country of AEs where loan is received/consumed and not the…

5 years ago
  • Income Tax

Capacity Utilization Adjustment in transfer pricing allowed for early years of operation

Capacity Utilization Adjustment in transfer pricing allowed for early years of operation where comparables had on average higher utilization ABCAUS…

5 years ago
  • Income Tax

Concealment penalty on filing revised return after enquiry deleted as it was within stipulated period

Concealment penalty on filing revised return after enquiry by Investigation Wing deleted as revised return was within the stipulated period…

5 years ago
  • Income Tax

Cash deposited in bank from amount given by husband for household expenses. ITAT accepted explanation

Cash deposited in bank from amount given by husband for household expenses. ITAT accepted the explanation and deleted addition made…

5 years ago
  • Income Tax

Income of non resident shipping company u/s 172-Assessee asked to furnish proof /certificate from IRA

Income of non resident shipping company u/s 172-Assessee asked to furnish proof that income tax return filed in foreign country…

5 years ago
  • Income Tax

Issues on payment of 3rd installment under IDS-2016. Bank Holidays & delayed credit by Bank

Issues on payment of 3rd installment under IDS-2016. Bank Holidays towards due-date and delayed credit by Bank. CBDT Circular Circular…

5 years ago
  • Income Tax

Clarification on certain procedural and technical issues in IDS 2016. CBDT Order u/s 119

Clarification on certain procedural and technical issues regarding IDS 2016. Excess payment of liability, non uploading IDS Form 3. CBDT…

5 years ago
  • Income Tax

Requirement u/s 143(2) is of service of notice and not issue of notice. ITAT explains the law

Requirement u/s 143(2) is of service of notice and not issue of notice. ITAT explains the law on service of…

5 years ago
  • Income Tax

Download Pre-filled XML of ITRs 1, 2, 3 and 4 for AY 2019-20. Step by Step Procedure

Download Pre-filled XML of ITRs 1, 2, 3 and 4 for AY 2019-20. Step by Step Procedure Pre-filled XML of…

5 years ago