Income Tax

  • Income Tax

Deemed dividend-share premium not part of accumulated profits. Proportionate taxation u/s 2(22)(e) to be made if more than one shareholder satisfy conditions-ITAT

Deemed dividend-share premium not part of accumulated profits. Proportionate taxation u/s 2(22)(e) to be made if more than one shareholder…

7 years ago
  • Income Tax

Poem guidelines not applicable to companies with turnover or gross receipts up to Rs 50 crores. CBDT Circular No. 08 of 2017

Poem guidelines not applicable to companies with turnover or gross receipts up to Rs 50 crores  Circular No 08 of…

7 years ago
  • Income Tax

DG Income Tax-Exemptions action illegal in not taking decision on assessee’s application seeking approval under Section 80 IB(7)(c)-Allahabad HC

DG Income Tax-Exemptions action illegal in not taking decision on assessee's application seeking approval under Section 80 IB(7)(c)-Allahabad HC ABCAUS…

7 years ago
  • Income Tax

Non acceptance of Tax under PMGKY-2016 by banks due to lack of awareness of prescribed challan and certain technical reasons. CBDT direction to banks

Non acceptance of Tax under PMGKY-2016 by banks due to lack of awareness of  prescribed challan and certain technical  reasons.…

7 years ago
  • Income Tax

No Interference with findings of facts unless relevant evidence not considered or finding arrived by ITAT placing reliance on inadmissible evidence-Allahabad High Court

No Interference with findings of facts unless relevant evidence not considered or finding arrived by ITAT placing reliance on inadmissible…

7 years ago
  • Income Tax

e-TDS/TCS RPU version 1.9 from FY 2007-08 onwards. FVU version 2.150 and FVU version 5.4 from FY 2010-11 download

e-TDS/TCS RPU version 1.9 from FY 2007-08 onwards. File Validation Utility FVU version 2.150 and FVU version 5.4 from FY…

7 years ago
  • Income Tax

Correction in challan attributes in IDS 2016 payments-Guidelines. Changes in PAN, AY, Minor/Major Heads of e-payment/physical challans

Correction in challan attributes in IDS 2016 payments-Guidelines.  Changes in PAN, AY, Minor/Major Heads of e-payment/physical challans.  DIRECTORATE OF INCOME…

7 years ago
  • Income Tax

SOP for verification of Cash deposits in bank post demonetisation.

SOP for verification of Cash transactions deposits in bank by Income Tax Officers post demonetisation. CBDT issues detailed Standard Operating…

7 years ago
  • Income Tax

Permanent injunction decree against judgment debtors legal representatives is executable. Maxim actio personalis moritur cum persona not applicable-SC

Permanent injunction decree against judgment debtors legal representatives is executable. Maxim actio personalis moritur cum persona not applicable-SC ABCAUS Case…

7 years ago
  • Income Tax

Non striking off clause in penalty notice u/s 271(1)(c) do not invalidate it. ITAT deviates from the Judgment of Karnataka High Court follows jurisdictional High Court

Non striking off clause in penalty notice u/s 271(1)(c) do not invalidate it. ITAT deviates from the Judgment of Karnataka…

7 years ago