Income Tax

  • Income Tax

Notice u/s 148 after four years by ACIT or DCIT requires sanction by CIT -High Court

Notice u/s 148 after four years by ACIT or DCIT requires sanction by CIT under the provisions of section 151(1)…

6 years ago
  • Income Tax

Income Tax Systems show pending refunds of Rs. 29000 crores approx

Income Tax Systems show pending refunds of Rs. 29000 crores approx In a recent  communication issued by the Director of Income…

6 years ago
  • Income Tax

Determination of fair market value of unquoted equity shares of Start Up companies u/s 56(2)(viib)-CBDT Instruction

Determination of fair market value of unquoted equity shares of 'Start Up' companies under section 56(2)(viib) of the Income-tax Act…

6 years ago
  • Income Tax

Penalty 272A(2)(c) on bank for delay in submitting information called u/s 133(6) deleted

Penalty u/s 272A(2)(c) imposed on a bank branch for delay in submitting information called u/s 133(6) deleted as bank branches…

6 years ago
  • Income Tax

No disallowance for mistake in Transporters declaration details filed u/s 194C with Income Tax Authorities

No disallowance for mistake in Transporters declaration details filed u/s 194C with Income Tax Authorities. Deduction is allowable if all…

6 years ago
  • Income Tax

CBDT FAQ on taxation of LTCG on sale of equity shares u/s 112A as per Finance Bill 2018 proposals

CBDT FAQ on taxation of LTCG on sale of equity shares u/s 112A as per Finance Bill 2018 proposals. The…

6 years ago
  • Income Tax

Non-compete fee is capital receipt. Section 28(va) not apply to fee received in relation to a profession before amendment

Non-compete fee is capital receipt. Section 28(va) not apply to compensation received in relation to a profession before amendment-High Court…

6 years ago
  • Income Tax

Ungarbled and garbled pepper not two different commercial products for claiming deduction u/s 10B

Ungarbled and garbled pepper not two different commercial products. The process of garbling to make pepper edible does not give…

6 years ago
  • Income Tax

Deductions u/s 80-JJAA of Income-Tax Act Extended To Footwear And Leather Industry

Deductions u/s 80-JJAA of The Income-Tax Act Extended To Footwear And Leather Industry To Help Employment Generation  The Union Minister for…

6 years ago
  • Income Tax

Long-term capital gains on sale of equity shares taxable @ 10% – New section 112A

Long-term capital gains on sale of equity shares taxable @ 10% - New section 112A applicable from AY 2019-20 Under the…

6 years ago