Income Tax

  • Income Tax

Penalty 271(1)(c) for interchanging opening wdv of fixed assets with assets of higher depreciation rate

Penalty 271(1)(c) for mistakenly interchanged opening wdv of fixed assets with block of assets admissible a higher rate of depreciation…

7 years ago
  • Income Tax

Misuse of State Emblem by Income Tax Officials on vehicles-CBDT warns

Misuse of State Emblem by Income Tax Officials. CBDT warns Income Tax official on use of State Emblems on vehicles…

7 years ago
  • Income Tax

Taxpayers consent to e-proceedings migration-format of letter

Format of Letter for Consent of taxpayers and Letter for Migration of Email Based E-Assessment in E-Proceeding   Annexure-A: Migration…

7 years ago
  • 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