Income Tax

  • Income Tax

Foreign company resident in India u/s 115JH of the Income-tax Act 196-Draft Notification by CBDT

Foreign company resident in India u/s 115JH of the Income-tax Act 1961 Draft Notification Government of India Ministry of Finance…

7 years ago
  • Income Tax

Effective assessment through use of departmental database-Task Force Constituted to implement recommendations

Effective assessment through use of departmental database-Task Force Constituted to implement recommendations of the Committee and to submit report by…

7 years ago
  • Income Tax

Potential cases for prosecution u/s 276CC identified for failure to furnish return of income.

Potential cases for prosecution u/s 276CC identified for failure to furnish return of income. The Section provides rigorous/simple impriosnment of…

7 years ago
  • Income Tax

TDS u/s 194-I not to apply to Passenger Service Fees (PSF)-CBDT accepts Bombay High Court Judgment

TDS u/s 194-I not to apply to Passenger Service Fees (PSF) by an Airline to an Airport Operator-CBDT accepts Bombay…

7 years ago
  • Income Tax

Explanation 2 to Section 132B have prospective application-CBDT Circular accepting various High Courts judgment

Explanation 2 to Section 132B have prospective application-CBDT Circular accepting various High Courts judgment on application of seized/requisitioned assets Circular…

7 years ago
  • Income Tax

Trade advances are not deemed dividend u/s 2(22)(e). They do not fall within the ambit of the word ‘advance’

Trade advances are not deemed dividend u/s 2(22)(e) as they do not fall within the ambit of the word 'advance'…

7 years ago
  • Income Tax

Time Limit for assessment complettion when ITAT simply restored matter to AO without any finding or direction

Time Limit for assessment-When ITAT simply restored matter to AO for fresh adjudication without any finding or direction, section 153(2A)…

7 years ago
  • Income Tax

Non PAN holder can furnish Form 60 electronically under EVC for entering into specified transactions under Rule 114B-CBDT

Non PAN holder can furnish Form 60 electronically under EVC or in paper form as required for entering into specified…

7 years ago
  • Income Tax

Permitted ALP variation in wholesale trading-others u/s 92C for AY 2017-18 2018-19

Permitted ALP variation in wholesale trading-others us 92C in international-specified domestic transaction for AY 2017-18 2018-19 MINISTRY OF FINANCE (Department…

7 years ago
  • Income Tax

Aadhaar Number must for filing Income Tax Return from 01-07-2017-CBDT clarifies

Aadhaar Number must for filing Income Tax Return from 01-07-2017-CBDT clarifies that only partial relief  is given by Supreme Court…

7 years ago