Income Tax

  • Income Tax

TDS PAN correction limit of 2 alfa 2 numerical characters only held not permissible

PAN correction limit of 2 alfa 2 numerical characters only for TDS statements held not permissible. Inocme Tax Department was…

7 years ago
  • Income Tax

Amendment to Form 3CEFA-Application for opting for safe harbour. CBDT Notification

Amendment to Form 3CEFA-Application for opting for safe harbour. more information added under Eligible International Transaction MINISTRY OF FINANCE (Department…

7 years ago
  • Income Tax

No TDS deduction on GST Component when indicated separately in invoice-CBDT Circular 23/2017

No TDS deduction on GST Component when indicated separately in the invoice as per agreement/contract between payer and payee-CBDT CIRCULAR…

7 years ago
  • Income Tax

Formula for computing Tax Effect where income computed u/s 115JB or 115JC . CBDT modifies circular 21/2015

Formula for computing Tax Effect where income computed u/s 115JB or 115JC . CBDT has modified the circular no. 21/2015…

7 years ago
  • Income Tax

Second visit in the name of concluding search without new seizure could not validate second panchnama

Second visit in the name of concluding search without without finding anything new for being seized could not validate second…

7 years ago
  • Income Tax

No concealment penalty for wrong claim on the advice of CA – Punjab & Haryana High Court

No concealment penalty for wrong claim on the advice of CA. Even if it was wrong, it could be a…

7 years ago
  • Income Tax

Exempt salary received in NRE account not taxable on receipt basis – Calcutta High Court

Exempt salary received in NRE account not taxable on receipt basis merely because the foreign employers remitted salary to the…

7 years ago
  • Income Tax

Donation made to BJP-Congress not claimed in return allowed following Supreme Court judgment

Donation made to BJP-Congress not claimed in return allowed following Supreme Court judgment that ITAT powers not limited in dealing…

7 years ago
  • Income Tax

Sales tax allowed to be retained for production in backward area held revenue receipt-High Court

Sales tax allowed to be retained for production in backward area held revenue receipt in the absence of any condition…

7 years ago
  • Income Tax

Income Tax identifies 5.56 lakh high cash depositors from SFT information. Operation Clean Money-2nd phase

Income Tax identifies 5.56 lakh high cash depositors from SFT information. 1.04 lakh persons not disclosed all bank accounts. Operation…

7 years ago