House property loss set-off against other income head limit of Rs. two lakh for any assessment year. New sub section…
PAN quoting requirement in TCS Provisions-Section 206CC. Failure to quote PAN to invite deduction at the twice the rate or…
Fresh registration us 12AA for change in objects which do not conform to the conditions of registration granted Budget 2017-18…
Penalty 271J-Furnishing incorrect report-certificate by Chartered Accountants, merchant banker or registered valuer. CIT(A) may direct Rs. 10000 as penalty for…
Fee for delayed filing of return of income u/s 234F. Rs. 5000/- if ITR is filed within December of Assessment…
Corpus donation amongst exempt entities not to be considered application of income. Amendment to section 11 and 10(23C) from AY…
Section 56-2-vii property received without consideration extended to all assessee including companies and firm for taxation as Income from other…
Section 50CA-Deemed FMV for transfer of unquoted shares. FMV to be deemed full value of consideration for computing income under…
Time Limit reduced-Assessment completion revised return filing. 18-12 Month for assessment and end of the relevant AY for revised returns…
CBDT empowered to waive TDS default penalty 271C 271CA for failure to deduct or collect tax at source to reduce…