Income Tax

  • Income Tax

Applicability of TDS us 194-I to lump sum lease premium paid for acquisition of long term lease. CBDT Circular No. 35/2016

Applicability of TDS us 194-I to lump sum lease premium paid for acquisition of long term lease Circular No. 35…

8 years ago
  • Income Tax

Income Tax Department vindictively disallowed agricultural income claim of Jayalalithaa. Sasikala also gets similar relief from ITAT

Income Tax Department vindictively disallowed agricultural income claim of Jayalalithaa.  Sasikala also gets relief from ITAT ABCAUS Case Law Citation:…

8 years ago
  • Income Tax

No income concealment us 271(1(c) on gift under explanation 5A. NSC declared us 153A was received as inheriting, gift from father, grandfather-ITAT

No income concealment us 271(1(c) on gift under explanation 5A. NSC declared us 153A was received as inheriting, gift from…

8 years ago
  • Income Tax

Annual Information Return Amendment Rules 114D 114E. Furnishing statements by registering officer, aggregation of AIR amounts

Annual Information Return Amendment Rules 114D 114E. Furnishing statements by registering officer, aggregation of AIR amounts. CBDT vide Notification No.…

8 years ago
  • Income Tax

Bogus share capital entry to obtain bank loan. Addition us 68 remanded back to verify facts in view of re-casted audited balance sheet and ROC filing-ITAT

Bogus share capital entry to obtain bank loan. Addition made u/s 68 remanded back to verify facts in view of…

8 years ago
  • Income Tax

Form No 68 application us 270AA2-grant of immunity from penalty provisions u/s 270A of the Income-tax Act 1961. CBDT Notification 90/2016

Form No 68 application us 270AA2-grant of immunity from penalty provisions u/s 270A of the Income-tax Act 1961 The Budget 2016-17…

8 years ago
  • Income Tax

Section 68 is about satisfaction of AO not CIT us 263 to sit on the judgment of AO. Revision order can not be made merely on audit objection basis-ITAT

Section 68 is about satisfaction of AO not CIT us 263 to sit on the judgment of Assessing Officer. Revision…

8 years ago
  • Income Tax

CBDT to share info of Private Hospitals Nursing Homes Medical Clinics, Medical Colleges/Research Institutes, Diagnostic Centre, Pathological Labs, with CAG

CBDT to share info of Private Hospitals Nursing Homes Medical Clinics, Medical Colleges/Research Institutes, Diagnostic Centre, Pathological Labs, with CAG…

8 years ago
  • Income Tax

Expenditure for obtaining right to use spectrum for telecommunication services. Allowability-actual or as per accounting method

Expenditure for obtaining right to use spectrum for telecommunication services. Allowability of upfront fee paid or deferred on actual payment…

8 years ago
  • Income Tax

Expenses on issue of shares eligible deduction us 35D. Deduction for payment of bonus to employees eligible us 36 not 43B or 40A(9)-SC

Expenses on issue of shares eligible deduction us 35D. Deduction for payment of bonus to employees eligible u/s 36 and…

8 years ago