Income Tax

  • Income Tax

Revision us 263 on reasons unconnected with grounds of reopening which was for specific purpose. Calcutta High Court upholds revision by CIT

Revision us 263 on reasons unconnected with grounds of reopening which was for specific purpose. Calcutta High Court upholds revision…

7 years ago
  • Income Tax

Interest rates reduction except Post Office Savings Schemes

Interest rates reduction except Post Office Savings Account Schemes. Small savings schemes continue to be attractive compared to bank deposits …

7 years ago
  • Income Tax

CBDT APA Program crosses 150 Milestone. Total number of Advance Pricing Agreements (APAs) entered reached 152.

CBDT APA Program crosses 150 Milestone. Total number of Advance Pricing Agreements (APAs) entered into by the CBDT has reached…

7 years ago
  • Income Tax

CBDT notifies new Income Tax Return Forms for AY 2017-18

CBDT notifies new Income Tax Return Forms for AY 2017-18 Government of India Ministry of Finance Department of Revenue Central…

7 years ago
  • Income Tax

Last date for filing PMGKY-2016 declaration extended to 10-04-2017 if tax, surcharge, penalty, deposit made by the closing hours of 31st March, 2017

Last date for filing PMGKY-2016 declaration extended to 10-04-2017 if tax, surcharge, penalty, deposit made by the closing hours of…

7 years ago
  • Income Tax

Cash book not found at search produced later was eye wash. Allahabad High Court

Cash book not found at search produced later was eye wash. Allahabad High Court rejects contention that it was with…

7 years ago
  • Income Tax

ITBA Functionality for processing Paper ITRs for AY 2016-17 available from 03.04.2017 Launch of ITBA-ITR Processing Module Phase-1

ITBA Functionality for processing Paper ITRs for AY 2016-17 available from 03.04.2017  Launch of IT Business Application -ITR Processing Module…

7 years ago
  • Income Tax

PMGKY 2016-Income Tax Offices open till midnight 31-03-2017 for filing declarations under PMGKY Scheme as per CBDT direction

PMGKY 2016-Income Tax Offices open till midnight 31-03-2017 for filing declarations under PMGKY Scheme as per CBDT direction F.No.225/233/2016/ITA.II Government…

7 years ago
  • Income Tax

Scholarship payment is charitable expenditure when candiate is selected by a process as most deserving candidate – Allahabad High Court

Scholarship payment is charitable expenditure when candidate was selected by a process selecting most deserving one which was not related…

7 years ago
  • Income Tax

Addition for share application money not warranted if AO not disputed correctness of evidences furnished or not made any adverse comments – ITAT

Addition for share application money not warranted if AO not disputed correctness of evidences furnished or not made any adverse…

7 years ago