Income Tax

  • Income Tax

Reason to believe to conduct search not to be disclosed to to any person or any authority or the Appellate Tribunal.

Reason to believe to conduct search not to be disclosed to to any person or any authority or the Appellate…

7 years ago
  • Income Tax

House property loss set-off against other income head limit of Rs. two lakh for any assessment year.

House property loss set-off against other income head limit of Rs. two lakh for any assessment year. New sub section…

7 years ago
  • Budget 2017-18

PAN quoting requirement in TCS Provisions-Section 206CC. Failure to quote PAN to invite deduction at twice the rate or 5% whichever is higher

PAN quoting requirement in TCS Provisions-Section 206CC. Failure to quote PAN to invite deduction at the twice the rate or…

7 years ago
  • Income Tax

Fresh registration us 12AA for change in objects which do not conform to the conditions of registration granted

Fresh registration us 12AA for change in objects which do not conform to the conditions of registration granted Budget 2017-18…

7 years ago
  • Income Tax

Penalty 271J-Furnishing incorrect report-certificate by CA, merchant banker or registered valuer. CIT(A) may direct Rs 10000 penalty

Penalty 271J-Furnishing incorrect report-certificate by Chartered Accountants, merchant banker or registered valuer. CIT(A) may direct Rs. 10000 as penalty for…

7 years ago
  • Income Tax

Fee for delayed filing of return of income u/s 234F. Rs. 5000/- if ITR is filed within December of Assessment Year and Rs. 10000/- in other cases.

Fee for delayed filing of return of income u/s 234F. Rs. 5000/- if ITR is filed within December of Assessment…

7 years ago
  • Income Tax

Corpus donation amongst exempt entities not to be considered application of income. Amendment to section 11 and 10(23C) from AY 2018-19

Corpus donation amongst exempt entities not to be considered application of income. Amendment to section 11 and 10(23C) from AY…

7 years ago
  • Income Tax

Section 56-2-vii property received without consideration extended to all classes of assessee

Section 56-2-vii property received without consideration extended to all assessee including companies and firm for taxation as Income from other…

7 years ago
  • Income Tax

Section 50CA-Deemed FMV for transfer of unquoted shares for computing income under the head Capital gains

Section 50CA-Deemed FMV for transfer of unquoted shares. FMV to be deemed full value of consideration for computing income under…

7 years ago
  • Income Tax

Time Limit reduced-Assessment completion revised return filing. 18-12 Month for assessment and end of the relevant AY for revised returns

Time Limit reduced-Assessment completion revised return filing. 18-12 Month for assessment and end of the relevant AY for revised returns…

7 years ago