Income Tax

  • Income Tax

Valuation of unquoted equity shares new FMV formula-Rule 11UA and new Rule 11UAA

Valuation of unquoted equity shares new FMV formula-Rule 11UA MINISTRY OF FINANCE (Department of Revenue) [CENTRAL BOARD OF DIRECT TAXES]…

7 years ago
  • Income Tax

CBI registers case against PrCIT and others, recovers Rs 3.5 crore cash and .50 KG gold

CBI registers case against PrCIT and others, recovers cash of Rs 3.5 Crore, 05 Kg gold. Undue favour was given…

7 years ago
  • Income Tax

Exemption us 54F available if investment made before time allowed us 139(4) – ITAT

Exemption us 54F-if investment made before time allowed us 139(4) for filing of belated return. ITAT allowed exemption follwoing High…

7 years ago
  • Income Tax

Launch of Aaykar Setu new Tax Payer Services Module by CBDT. Mobile version along with desktop version

Launch of Aaykar Setu new Tax Payer Services Module by CBDT. A mobile responsive android version was also released along…

7 years ago
  • Income Tax

Income Tax startegy for Intelligence and Criminal Investigation as per Central Action Plan 2017-18

Income Tax startegy for Intelligence and Criminal Investigation as per Income Tax Central Action Plan 2017-18 The Central Action Plan (CAP)…

7 years ago
  • Income Tax

Income Tax Startegy-action plan for TDS compliances for FY 2017-18 as per Income Tax Central Action Plan FY 2017-18

Income Tax Startegy-action plan for TDS compliances for FY 2017-18 as per Income Tax Central Action Plan FY 2017-18 Income Tax…

7 years ago
  • Income Tax

CPC-TDS to provide window to taxpayers to report non-compliance by deductor

CPC-TDS to provide window to taxpayers to report non-compliance by deductor CBDT has issued its Central Action Plan (CAP) for…

7 years ago
  • Income Tax

Penalty u/s 221(1)-Interest component has to be excluded while levying Penalty. “tax in arrears” not include interest -Bombay HC

Penalty u/s 221(1)-Interest component has to be excluded while levying Penalty. The term "tax in arrears" does not include interest…

7 years ago
  • Income Tax

Penalty us 271(1)(c) invoking discretionary jurisdiction us 40A(2)(b) invalid – Allahabad High Court

Penalty us 271(1)(c) invoking discretionary jurisdiction us 40A(2)(b) invalid. Income assessed on the basis of deeming provisions would not amount to…

7 years ago
  • Income Tax

Deduction claim against LIC Incentive bonus admissible up to 30% from 01.04.1989 -ITAT

Deduction claim against LIC Incentive admissible up to 30 percent. From 01.04.1989  Development Officers entitled for reimbursement to the extent…

7 years ago