Income Tax

  • Income Tax

No TDS liability us 194C for back to back contract in JV as JV and constituent members had no contractor or sub-contractor relationship -ITAT

No TDS liability us 194C for back to back contract in JV. Joint venture and its constituent members had no…

8 years ago
  • Income Tax

Commissioner can allow fresh deduction claim u/s 264 under revision petition without requirement of filing of revised income tax return – Kerala High Court

Commissioner can allow fresh deduction claim u/s 264 under revision petition without requirement of filing of revised income tax return…

8 years ago
  • Income Tax

Income Tax Appeal tax effect limit do not include cess. – ITAT

Income Tax Appeal tax effect limit do not include cess. Applicability of CBDT instruction for tax effect to be worked…

8 years ago
  • Income Tax

IDS 2016-Banks to accept tax deposits in cash over the counter irrespective amount including deposits through challan ITNS-286 RBI

IDS 2016-Banks to accept tax deposits in cash over the counter irrespective of amount from all declarants including deposits through…

8 years ago
  • Income Tax

Revised Guidelines-Standing Counsels Engagement to represent the Income-tax Department before High Courts and other judicial forums CBDT Instruction

Revised Guidelines-Standing Counsels Engagement to represent the Income-tax Department before High Courts and other judicial forums-CBDT Instruction Instruction No. 7/2016…

8 years ago
  • Income Tax

Revised Guidelines-Engagement of Special Public Prosecutors to represent Income Tax Department before Session Courts and fees-CBDT Instruction

Revised Guidelines-Engagement of Special Public Prosecutors to represent Income Tax Department before Session Courts and fees-CBDT Instruction  Instruction No. 6…

8 years ago
  • Income Tax

Fall in GP ratio or non-incurring basic business expenditure like travelling, telephone salary etc. not reasons for rejecting books of accounts us 145

The marginal fall in GP ratio compared to preceding year and non-incurring of expenditure like travelling, telephone, salary, etc. are…

8 years ago
  • Income Tax

There is no hard and fast rule of earning same net profit rate over different years. Additions without plausible reasons or rejecting books of accounts bad

There is no hard and fast rule of earning same net profit rate over different years. Additions made without any…

8 years ago
  • Income Tax

No Extension of Income Disclosure Scheme IDS 2016 after closure of deadline of 30-09-2016 – CBDT Press Release

No Extension of Income Disclosure Scheme IDS 2016 after closure of deadline of 30-09-2016 Government of India Ministry of Finance…

8 years ago
  • Income Tax

Interest waiver-reduction u/s 220(2A) denial for threat by assessee not justified. Satisfaction must be arrived at as per prescribed 3 conditions-High Court

Interest waiver-reduction u/s 220(2A) denial for threat by the assessee not justified. The satisfaction must be arrived at with reference to the…

8 years ago