Understated sales rates-AO must bring evidence on record. Assessing Officer should make inquiry from parties to whom sales made to…
CBDT asks 20 Percent collection of current demand raised till November 2016 as per Central Action Plan 2016-17. CBDT Chairman…
No Penalty us 271(1)(c) for claiming excess depreciation in regular course with firm belief that it is legally allowable and…
Income Tax Department receives Silver Award for Innovations in e-filing of Income Tax Returns project- National Awards on e-Governance 2016-17.…
New Design PAN Card with QR Code from 10-01-2017. Quick Response Code having details of the PAN applicant for Aadhaar…
Reassessment-TDS certificate-PL Account Receipt Difference. It is a settled law that an assessment could not be reopened only on the…
Lost misplaced passbook entries-Account holder presumed to know bank deposits withdrawals details even if account is closed as there is…
No withdrawal from bank if PAN-Form 60 not provided. Bank to report cash deposits from 01-04-2016 to 09-11-2016 also. New…
Income-tax-efiling portal menus post login restructured for making better user experience. Menu Restructuring - User Guide Menu Restructuring The Functionalities…
India Kazakhstan amend DTAC for avoidance of double taxation and for prevention of fiscal evasion with respect to taxes on…