Income Tax

  • Income Tax

Reopening notice us 148 against amalgamated non-existent company void ab initio – High Court

Reopening notice us 148 against amalgamated company was void ab initio as on that day the company was not in…

7 years ago
  • Income Tax

Increase in number of Income Tax payers after demonetisation

Increase in number of Income Tax payers after demonetisation Press Information Bureau  Government of India Ministry of Finance 01-August-2017 17:45…

7 years ago
  • Income Tax

Section 68 not attracted to amount representing credit purchases. Findings of ITAT upheld by High Court

Section 68 not attracted to amount representing credit purchases. Findings of ITAT upheld by High Court   ABCAUS Case Law…

7 years ago
  • Income Tax

Extension of due date of 31st July for filing ITR for AY 2017-18. Date Extended to 5th August 2017

Extension of due date of 31st July for filing ITR for AY 2017-18 to 5th August, 2017 CBDT Order u/s…

7 years ago
  • Due Date Extension

ITR-Tax Audit Due Date Extension for Last 15 Years from AY 2003-04 to AY 2022-23

ITR-Tax Audit Due Date Extension for Last 16 Years from AY 2003-04 to AY 2022-23 ITR / Tax Audit Due…

7 years ago
  • Income Tax

Revised guidelines for stay of demand at first appeal stage. Minimum deposit increased to 20%

Revised guidelines for stay of demand at first appeal stage. Minimum deposit amount for grant of stay increased to 20%…

7 years ago
  • Income Tax

Filing Income Tax return without linking Aadhaar to PAN allowed but linking to be done before 31st August, 2017

Filing Income tax return without linking Aadhaar to PAN allowed but linking to be done before 31st August, 2017. However,…

7 years ago
  • Income Tax

If accounts are audited AO has to explain the rejection of profit with sufficient clarity.

If accounts are audited AO has to explain the rejection of profit with sufficient clarity. When there are audited accounts…

7 years ago
  • Income Tax

Limitation period for Revision Petition 264 starts with service of intimation u/s 143(1)

Limitation period for revision Petition 264 starts with service of intimation u/s 143(1) and not from the date when assessee…

7 years ago
  • Income Tax

Reopening reasons must explain what material was not disclosed which the assessee ought to have disclosed.

Reopening reasons must explain what material was not disclosed which the assessee ought to have disclosed. Explanation-1 of section 147…

7 years ago