Income Tax

  • Income Tax

Inter-changeability of PAN & Aadhaar & mandatory quoting in prescribed transactions

Inter-changeability of PAN & Aadhaar and mandatory quoting in prescribed transactions. Existing sub-section (1) of section 139A of the Act,…

5 years ago
  • Income Tax

Return of 1/6 Scheme for compulsory filing of returns on entering high value transactions

Return of 1/6 Scheme for compulsory filing of returns on entering high value transactions Finance Act, 2005, had introduced one…

5 years ago
  • Income Tax

For TDS u/s 194IA consideration to include charges paid for all amenities

For TDS u/s 194IA consideration to include charges for all amenities Section 194-IA of the Act relates to payment on…

5 years ago
  • Income Tax

TDS liability on Individual/HUF u/s 194M on payment to contractors / professionals

TDS to be deducted by Individual/HUF u/s 194M on payment exceeding 50 lakhs to contractors and professionals even for personal…

5 years ago
  • Income Tax

Key Highlights of Income tax deductions/rebate proposals of Union Budget 2019-20

Key Highlights of Income tax/GST proposals of Union Budget 2019-20  Union Finance Minister Nirmala Sitharaman shall present Union Budget-2019 at…

5 years ago
  • Income Tax

Value of goods lying at port can be at cost or market price. SC dismisses SLP of Revenue

Value of goods lying at port but not exported can be at cost or market price at the option and…

5 years ago
  • Income Tax

Taxability of income of non-resident investor from off-shore investments routed through AIF

Income earned by non-resident investor from off-shore investments routed through an Alternate Investment Fund not taxable being deemed direct investment…

5 years ago
  • Income Tax

Allowability of Pension paid to retiring partner in CA Firm. SC refuses to entertain SLP of ITD on reopening

Allowability of pension payment to retiring partner in CA Firm. SC refuses to entertain SLP of the ITD against High…

5 years ago
  • Income Tax

Rectification by ITAT was barred by principle of finality & doctrine of merger SC dismissed SLP

Rectification by ITAT was barred by principle of finality & doctrine of merger. SC dismisses SLP of assessee but set…

5 years ago
  • Income Tax

CBDT to reverse assessment proceedings based on controversial Circular 10/2018

CBDT to reverse assessment proceedings completed based on controversial Circular 10/2018 on the subject of applicability of section 56(2)(viia) Central…

5 years ago