Income Tax

  • Income Tax

All time barring scrutiny cases to be assessed under e-Proceedings-Manual proceedings on hold till 15 Oct

All time barring scrutiny cases to be assessed under e-Proceedings in all 7 metros cities and where assessee so consents.…

7 years ago
  • Income Tax

CBDT allows PKGKY 2016 challan corrections specifies type of challan errors which can be corrected

CBDT allows PKGKY 2016 challan corrections specifies type of errors which can be corrected. Compulsory deposits challan under PMGKD are…

7 years ago
  • Income Tax

When assessee filed all details, rejecting registration u/s 12AA held wrong

When assessee filed all details rejectig registration u/s 12AA by the CIT (Exemptions) on the ground that assessee was not…

7 years ago
  • Income Tax

No disallowance for overpricing if party assessed at maximum marginal rate – ITAT

No disallowance for overpricing if party assessed at maximum marginal rate and there is no loss of Revenue.   ABCAUS…

7 years ago
  • Income Tax

CBDT targets 1.25 crores new return filers during FY 2017-18

CBDT targets 1.25 crores new return filers during FY 2017-18 who have not filed return in the previous three Financial…

7 years ago
  • Income Tax

Income Tax allows skip option to update e-filing profile at login. Profile Updation is mandatory under New Registration process

New Registration process for income tax e-Filing website users profile updation, Skip option at login now provided Now, Income Tax…

7 years ago
  • Income Tax

Additions u/s 68 and 69 for transfer entries in capital account can not be sustained – ITAT

Additions u/s 68 and 69 for transfer entries in capital account on account of rectification can not be sustained treating…

7 years ago
  • Income Tax

Deferral of depreciation allowance not concealment of income. Noted Lawyer Harish Salve gets relief from ITAT

Deferral of depreciation allowance not concealment of income or furnishing of any inaccurate particulars for levy of penalty u/s 271(1)(c).…

7 years ago
  • Income Tax

Fake Income Tax Search-ITD Delhi launched mobile help number to verify genuine Income Tax Officials

Fake Income Tax Search-ITD Delhi launched mobile help number to verify identity of genuine Income Tax Officials The other day,…

7 years ago
  • Income Tax

Procedure for filing Statement of Foreign income and Foreign Tax Credit by resident assessee

Procedure for filing Statement of Foreign income and Foreign Tax Credit by resident assessee by online filing Form 67 DGIT(S)-ADG(S)-3/e-filing…

7 years ago