Income Tax

  • Income Tax

No Additions solely on AIR information basis when the assessee denied reported transactions as the onus /burden shifted upon the AO – ITAT

Addition cannot be made solely on the basis of AIR information especially when the assessee denies the reported transactions and the…

8 years ago
  • Income Tax

Peak credit theory do not apply to cash deposits made at outstation stations/cities when cash withdrawal were made at one city only-ITAT

Peak credit theory do not apply to cash deposits made at outstation stations/cities when cash withdrawal were made at one…

8 years ago
  • Income Tax

Double Taxation Avoidance Agreement DTAA between India and Cyprus. In-principle agreement reached on all pending issues – Press Release

DTAA between India and Cyprus - In-principle agreement reached on all pending issues  Government of India Ministry of Finance Department of Revenue…

8 years ago
  • Income Tax

Income Declaration Scheme-Government assures complete confidentiality Scheme not be extended beyond 30th September 2016 – Press Release

Income Declaration Scheme: Government assures complete confidentiality Scheme not be extended beyond September 30 : Revenue Secretary Ministry of Finance…

8 years ago
  • Income Tax

Latest 11 FAQ Clarifications on the Income Declaration Scheme 2016 by CBDT. Circular No. 25/2016.

Latest 11 FAQ-IDS 2016 Circular No.25 of 2016 F.No.142/8/2016-TPL Government of India Ministry of Finance Department of Revenue Central Board…

8 years ago
  • Income Tax

Limitation us 275 imposing penalty starts from date of initiation by AO though it is imposable by Addl/JCIT. Penalty us 272A(2)(k), 271C held time barred

Limitation us 275 imposing penalty starts from the date of initiation by the Assessing Officer though it is imposable by…

8 years ago
  • Income Tax

Assessment u/s 153A based on pre-search enquiries and not on incriminating material unearthed during search seizure operation u/s 132 invalid – ITAT

Assessment u/s 153A based on pre-search enquiries and not on incriminating material unearthed during search seizure operation u/s 132 invalid…

8 years ago
  • Income Tax

Determination of FMV of assets and apportionment of income in certain cases. Rule 11UB 11UC 114DB Information to be furnished u/s 285A. Notification 55/2016

FMV of assets and apportionment of income in certain cases. Rule 11UB Rule 11UC Rule 114DB Information to be furnished…

8 years ago
  • Income Tax

Foreign Tax Credit Income Tax Rule 128. Resident allowed credit for foreign tax paid in country/specified territory outside India CBDT Notification 54/2016

GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE [CENTRAL BOARD OF DIRECT TAXES] Income-tax Notification No. 54/2016 New Delhi,…

8 years ago
  • Income Tax

eTDS TCS FVU version 5.1 and 2.147 effective from 28062016. NSDL FVU Version 5.10 is applicable form FY 2010-11 Onwards

E-TDS-TCS File Validation Utility FVU new version 2.147 (to validate statement(s) up to FY 2009-10 and FVU version 5.1 (to validate…

8 years ago