Income Tax

  • Income Tax

India Austria Sign Protocol amending DTAC. Amendment to existing Convention for Avoidance of Double Taxation and Prevention of Fiscal Evasion

India Austria Sign Protocol amending DTAC. Amendment to existing Convention for Avoidance of Double Taxation and Prevention of Fiscal Evasion…

7 years ago
  • Income Tax

TDS Rate Chart for FY 2017-18 AY 2018-19 Updated as per Union Budget Proposals 2017-18

TDS Rate Chart for FY 2017-18 AY 2018-19 Updated as per Union Budget Proposals 2017-18 presented in Parliament on 1st…

7 years ago
  • Income Tax

Non-service of notice-onus is on Revenue to demonstrate that notice was issued in accordance with law-ITAT

Non-service of notice-onus is on Revenue to demonstrate that notice was issued in accordance with law. Assessee cannot be asked…

7 years ago
  • Income Tax

Penalty 271(1)(c)-Explanation need not proved completely. As long as the explanation is reasonable and bonafide penalty need not be imposed-ITAT

Penalty 271(1)(c)-Explanation need not proved completely. As long as the explanation is reasonable and bonafide penalty need not be imposed-ITAT…

7 years ago
  • Income Tax

Tax exemption-Partial withdrawal from NPS not exceeding 25% of the contribution made by an employee from assessment year 2018-19

Tax exemption-Partial withdrawal from NPS not exceeding 25% of the contribution made by an employee from assessment year 2018-19 Budget…

7 years ago
  • Income Tax

Power to survey to charitable institutions u/s 133A. Till now expression “business or profession” was used in the section

Power to survey to charitable institutions u/s 133A Extension of the power to survey to charitable institutions The existing provisions…

7 years ago
  • Income Tax

Power to call information us 133(6) by Investigation authorities can be exercised by the Joint-Deputy and the Assistant Director.

Power to call information us 133(6) by Investigation authorities can be exercised by the Joint Director, the Deputy Director and…

7 years ago
  • 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