Income Tax

  • Income Tax

Requirement to quote Aadhaar as per section 139AA of the Income-tax Act shall not apply to an individual who is not a resident

Requirement to quote Aadhaar as per section 139AA of the Income-tax Act shall not apply to an individual who is…

7 years ago
  • Income Tax

Presumptive Tax if actual profit is more. Shifting from salary to professional receipts to take benefit u/s 44ADA

Applicability of Presumptive Tax if actual profit is more than presumptive income. Shifting from salary to professional receipts to take…

7 years ago
  • Income Tax

Revenue Department exceeds Revised Tax Collections target for 2016-17 around 18% taken together in case of Direct and Indirect Taxes

Revenue Department exceeds Revised Tax Collections target for 2016-17  Ministry of Finance Revenue Department exceeds Revised Tax Collections target for…

7 years ago
  • Income Tax

TDS return filing not require directors personal time-Penalty for Late filing confirmed – ITAT

TDS return filing not require directors personal time-Penalty for Late filing confirmed. Timely filing could have been done by hiring…

7 years ago
  • Income Tax

Draft Notification us 10-38 for non applicability of STT condition for claiming exemption from LTCG sale of equity share

Draft Notification us 10-38 for non applicability of STT condition for claiming exemption from LTCG sale of equity share  Government…

7 years ago
  • Income Tax

Procedure for e-communication and e-proceedings by Income Tax Department. Assessee can opt out of E-Proceeding. CBDT Notification 4/2017

Procedure for e-communication and e-proceedings by Income Tax Department. Assessee can opt out of e-Proceeding. DGIT(S)/DIT(S)-3/ AST/Paperless Assessment Proceedings/96/2015-16 Government…

7 years ago
  • Income Tax

Carry forward of loss for belated return with positive income not allowed. Section 80 not use word ‘return of loss’ – ITAT

Carry forward of loss for belated return with positive income not allowed. Section 80 not use word 'return of loss',…

7 years ago
  • Income Tax

Option form 3CFA for taxation of income from patent us 115BBF CBDT Notification 25/2017

Option form 3CFA for taxation of income from patent us 115BBF MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF…

7 years ago
  • Income Tax

Fair rental value estimated by Income Tax Inspector disapproved by ITAT. FMRV ordered to be ascertained by applying % of cost

Fair rental value estimated by Income Tax Inspector disapproved by ITAT. FMRV ordered to be ascertained u/s 23(4) by applying…

7 years ago
  • Income Tax

Land within municipal limits can not be treated agricultural based on revenue record. Revision u/s 263 upheld for wrong DVO report – Allahabad High Court

Land within municipal limits can not be treated agricultural based on revenue record. Revision u/s 263 upheld for assessment based…

7 years ago