Income Tax

  • Income Tax

Reopening approval by an officer superior to Joint Commissioner invalid u/s 151(2) of the Income Tax Act

Reopening approval by an officer superior to Joint Commissioner invalid. Approval by a superior officer do not satisfy the requirement…

7 years ago
  • Income Tax

TDS provisions not applicable on internet leaseline charges u/s 194-I 194C or 194J of Income Tax Act

TDS provisions not applicable on internet leaseline charges u/s 194-I 194C or 194J of Income Tax Act as assessee only…

7 years ago
  • Income Tax

TDS Provision not applicable where no claim of expenditure was made by the assessee

TDS Provision not applicable where no claim of expenditure was made by the assessee and assessee suo motu made disallowance…

7 years ago
  • Income Tax

Television news software produced was eligible for deduction 80HHE as customized electronic data

Television news software produced was eligible for deduction 80HHE as customized electronic data which is transmitted from India to a…

7 years ago
  • Income Tax

Profits from sale of investments by Insurance Company held exempt in view of CBDT Circular

Profits from sale of investments by Insurance Company held exempt in view of CBDT Circular. The income so earned was…

7 years ago
  • Income Tax

Tax Audit and ITR filing due date extension AY 2017-18. Due date extended to 31-10-2017

Tax Audit and ITR filing due date extension AY 2017-18 to 7th November 2017. Click Here >> Earlier the date…

7 years ago
  • Income Tax

Impact of Demonetisation on Black Money-Widening of Tax Base and Direct Tax Collections

Impact of Demonetisation on Black Money Widening of Tax Base and Direct Tax Collections. Govt. largely relying on income tax…

7 years ago
  • Income Tax

CBDT extended deadline of PAN linking with Aadhaar to 31/12/2017

CBDT extended deadline of PAN linking with Aadhaar to 31/12/2017 CBDT order u/s 119 extending deadline of PAN linking with Aadhaar…

7 years ago
  • Income Tax

Book entry transfer of share application money to capital reserve account not benefit u/s 28(iv) – ITAT

Book entry transfer of share application money to capital reserve account could not be regarded as benefit or perquisite arising…

7 years ago
  • Income Tax

Interest on fixed deposits during construction period held not taxable as FDRs were not made out of borrowed fund

Interest on fixed deposits during construction period held not taxable as FDRs were made out of share application money and…

7 years ago