Income Tax

  • Income Tax

Share application money in excess of authorized capital a valid reasons to issue reassessment notice

Share application money received vastly in excess of the authorized capital was valid reasons to issue reassessment notice u/s 148…

5 years ago
  • Income Tax

Verification of cash deposits/withdrawals by struck-off companies-CBDT Instruction

Verification of cash deposits/withdrawals from bank accounts of struck-off companies particularly during demonetisation-CBDT Instruction Lately, the Registrar of Companies (RoCs),…

5 years ago
  • Benami

Allocation/Reallocation of work/cases of Benami Transactions (Prohibition) Act, 1988

Allocation/Reallocation of work in respect of matters and cases relating to the Benami Transactions (Prohibition) Act, 1988 amongst CBDT members …

5 years ago
  • Income Tax

No TDS u/s 194A on interest payments to HUDCO – Read CBDT Notification

No TDS u/s 194A on interest payments to HUDCO. CBDT notifies the Housing and Urban Development Corporation Ltd. u/s 194(3)(iii)(f) …

5 years ago
  • Income Tax

CBDT exempts income of Odisha Electricity Regulatory Commission u/s 10(46)

CBDT exempts income of Odisha Electricity Regulatory Commission u/s 10(46) of Income Tax Act, 1961 MINISTRY OF FINANCE (Department of…

5 years ago
  • Income Tax

Negative growth in regular tax collections-CBDT calls it an alarming situation 

Negative growth in regular tax collections-CBDT calls it an alarming situation. Only only 85.10% of FY 2018-19 target collected as…

5 years ago
  • Income Tax

Fund management activity under SEBI Mutual Funds Regulations not to constitute business connection in India

Fund management activity thtough Fund managers registered under SEBI Mutual Funds Regulations 1996 not to constitute business connection in India…

5 years ago
  • Income Tax

Compensation paid to flat allottees for surrendering rights allowed as business expenditure

Compensation made to the flat allottees for surrendering rights allowed as business expenditure of the assessee in view of Completed…

5 years ago
  • Income Tax

Facility to view Form 2 Declaration filed by startup available in IT e-Filing portal

Facility to view Form 2 Declaration filed with DPIIT by startup available in Income tax e-Filing portal Facility to view…

5 years ago
  • Income Tax

Lack of full disclosure in Form 10 of accumulation u/s 11(2) not fatal- SC dismisses SLP of Revenue

Lack of full declaration in Form 10 of accumulation u/s 11(2) by itself would not be fatal to the claim.…

5 years ago