Income Tax

  • Income Tax

Form 10B income accumulation amount inadvertent mistake. Income Tax authorities were misconceived in denying the claim for the difference-ITAT

Form 10B income accumulation amount inadvertent mistake. Income Tax authorities were misconceived in denying the claim for the difference-ITAT  …

7 years ago
  • Income Tax

Income Tax Basic Exemption Limits AY 2018-19. 5% tax rate for income up to Rs. 500000/- Rebate u/s 87A reduced to Rs. 2500/-

Income Tax Basic Exemption Limits AY 2018-19. 5% tax rate for income up to Rs. 500000/- Rebate u/s 87A reduced to…

7 years ago
  • Income Tax

Form-10 income accumulation delay condonation. When sufficient material is before AO, insistence on the form not warranted-ITAT

Form-10 income accumulation delay condonation. When sufficient material is before AO, insistence on the form not warranted as held by…

7 years ago
  • Income Tax

Retirement funds received by partner of firm not taxable and not in the nature of goodwill also-ITAT

Retirement funds received by partner of firm not taxable and not in the nature of goodwill also. Receiving of money…

7 years ago
  • Income Tax

Two Separate Directorate of Income Tax-Tax Payer Services-I & II to be set up by re-designating DIT (TDS) and DIT (lnfra-3)

Two Separate Directorate of Income Tax-Tax Payer Services-I & II to be set up by re-designating DIT (TDS) and DIT…

7 years ago
  • Income Tax

Transfer of unlisted shares by SEBI registered Category I & II AIFs- Income tax treatment. CBDT fresh directions

Transfer of unlisted shares by SEBI registered Category I & II Alternative Investment Funds- Income tax treatment. fresh directions by…

7 years ago
  • Income Tax

Guiding Principles for determination of POEM of a Company. Place of effective management u/s 6(3) after amendment-CBDT

Guiding Principles for determination of POEM of a Company. Place of effective management u/s 6(3) after amendment. Circular No. 06…

7 years ago
  • Income Tax

Indirect Transfer Provisions Circular 41/2016 kept in abeyance due to the issue of possible multiple taxation of the same income.

Indirect Transfer Provisions Circular 41/2016 kept in abeyance due to the issue of possible multiple taxation of the same income.…

7 years ago
  • Income Tax

Appeal where additions made due to audit objection deleted in adverse judgment should be filed and contested on merits only

Appeal where additions made due to  audit objection deleted in adverse judgment should be filed and contested on merits only…

7 years ago
  • Income Tax

Undisclosed investment element in undisclosed purchases upheld. Peak credit rejected

Element of undisclosed investment in undisclosed purchases upheld. Peak credit of purchases rejected. AO to work out number of fund…

7 years ago