Income Tax

  • Income Tax

Transfer-Postings in the grade of DCsIT-ACsIT UP-East and additional charge arrangements. Pr CCIT, Lucknow Office Order No. 13/2016

Transfer-Postings in the grade of DCsIT-ACsIT UP-East Office of the Pr. Chief Commissioner of Income Tax, U.P. (East) AAYKAR Bhawan,…

8 years ago
  • Income Tax

Transfer-Postings in the grade of Addl-Jt CsIT UP-East and additional charge arrangements. Pr CCIT, Lucknow Office Order No. 13/2016

Transfer-Postings in the grade of Addl-Jt CsIT UP-East Office of the Pr. Chief Commissioner of Income Tax, U.P. (East) AAYKAR…

8 years ago
  • Income Tax

Income cannot be estimated without rejection of books of account. ITAT quashed revision order passed u/s 263 enhancing net profit rate.

Income cannot be estimated without rejection of books of account. ITAT quashed revision order passed u/s 263 enhancing net profit…

8 years ago
  • Income Tax

No Penalty us 2711c for additions made on DVO report basis as it is just an opinion estimate. This proposition of Law is in line with Supreme Court judgment

No Penalty us 2711c for additions  made on DVO report basis as the DVO report is just an opinion or…

8 years ago
  • Income Tax

Up-to-date Table of Cost Inflation Index (CII) from FY 1980-81 to FY 2016-17

CBDT has notified "1125" as Cost Inflation Index (CII) for FY 2016-17. CII is used indexation of cost of acquisition…

8 years ago
  • Income Tax

Cost Inflation Index for FY 2016-17 is 1125 CBDT Notification 42/2016 dated 02/06/2016. CII for FY 2015-16 was 1081. The increase is 4.07%

MINISTRY OF FINANCE Department of Revenue CENTRAL BOARD OF DIRECT TAXES Notification No. 42/2016 New Delhi, the 2nd June, 2016…

8 years ago
  • Income Tax

Notional interest Perquisite on Security deposit paid to landlord. Notional Interest on amount paid by employer for employee’s accommodation not perquisite

Notional interest Perquisite on Security deposit paid to landlord. Notional Interest on amount paid by employer for employee's accommodation not…

8 years ago
  • Income Tax

Interest 234B invalid if TDS deductible on entire income us 195 as there is no failure on the part of the assessee in payment of advance tax-ITAT

Interest 234B invalid if TDS deductible on entire income us 195 as there is no failure on the part of…

8 years ago
  • Income Tax

Rule 8D Amendment CBDT Notification 43/2016. Formula for interest not directly attributable to exempt income deleted. Expenditure claimed set as maximum limit

Rule 8D Amendment CBDT Notification 43/2016. GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF DIRECT TAXES…

8 years ago
  • Income Tax

AO bound to furnish reopening reasons recorded us 147 within a reasonable time for initiation of reassessment proceedings u/s 147/148

AO bound to furnish reopening reasons recorded us 147 within a reasonable time for initiation of reassessment proceedings u/s 147/148…

8 years ago