Income Tax

  • Budget 2017-18

LTCG holding period immovable property reduced to 24 months from 36 months . Section 2(42A) Amendment in Budget 2017-18

LTCG holding period immovable property reduced to 24 months from 36 months . Section 2(42A) Amendment in Budget 2017-18  MEASURES…

7 years ago
  • Income Tax

TDS on Rent liability for assessee not covered under tax audit. New section 194IB for monthly rent exceeding Rs. 50000/-. TAN not required

TDS on Rent liability for assessee not covered under tax audit. New section 194IB for monthly rent exceeding Rs. 50000/-.…

7 years ago
  • Budget 2017-18

Budget 2017-18-Rationalization of taxation of dividend income. Provisions of section 115BBDA not to apply to domestic company and certain funds, trusts etc

Budget 2017-18-Rationalization of taxation of dividend income. Provisions of section 115BBDA not to apply to domestic company and certain funds,…

7 years ago
  • Income Tax

Order us 263 not nullity if notice not signed by CIT, when opportunity of hearing was otherwise given by the Commissioner-ITAT

Order us 263 not nullity if notice not signed by CIT, when opportunity of hearing was otherwise given by the…

7 years ago
  • Income Tax

Operation Clean Money-Online cash deposits verification under Cash Transactions 2016 > Compliance section on income tax efiling portal

Operation Clean Money-Online cash deposits verification under Cash Transactions 2016 > Compliance section on income tax efiling portal  Government of…

7 years ago
  • Income Tax

Education per se charitable us 2(15). Registration u/s 12A can not be denied for not free of cost education to needy students-ITAT

Education per se charitable us 2(15). Registration u/s 12A can not be denied for not free of cost education to…

7 years ago
  • Income Tax

Election Commission Applauds Income Tax Department in their role during Elections held in 2016. Election Commission of India (ECI) National Awards for 2016

Election Commission Applauds Income Tax Department in their role during Elections held in 2016. Election Commission of India (ECI) National…

7 years ago
  • Income Tax

Filing adjournment application at closing office hours. CIT(A) was justified in passing ex-parte order upholding penalty u/s 272A(1)(c) – ITAT

Filing adjournment application at closing office hours. CIT(A) was justified in passing ex-parte order upholding penalty u/s 272A(1)(c) - ITAT…

7 years ago
  • Income Tax

CBDT Clarifications on GAAR provisions. General Anti Avoidance Rule shall be effective from AY 2018-19 onwards

CBDT Clarifications on GAAR provisions under the Income Tax Act, 1961 Ministry of Finance Dated: 27/01/2017 Press Release Clarifications on…

7 years ago
  • Income Tax

FAQ implementation of GAAR provisions under Income Tax Act 1961 which comes into force from 01/04/2017. CBDT Circular 7/2017

FAQ implementation of GAAR provisions under Income Tax Act 1961. General Anti-Avoidance Rule comes into force from 01/04/2017 Circular No.…

7 years ago