Income Tax

  • Income Tax

Income tax Survey outcome disclosure to complainant directed under RTI as soon as the assessment proceedings are concluded. CIC Order

Income tax Survey outcome disclosure to complainant directed under RTI Act  ABCAUS Case Law Details: 001 2016 (06) CIC Date…

8 years ago
  • Income Tax

Penalty 271B-Statutory auditor not tax auditors delay. Delay in completing statutory audit by Cooperative auditor was sufficient cause not imposing penalty

Penalty 271B-Statutory auditor not tax auditors delay. Delay in completing statutory audit by Cooperative auditor was sufficient cause not imposing…

8 years ago
  • Income Tax

Payments to franchisees held liable to TDS us 194C not 194J. Modus operandi for fee collection and revenue sharing not determine for tds on amount remitted

Payments to franchisees held liable to TDS us 194C not 194J. The modus operandi for collection of the fees as well as of…

8 years ago
  • Income Tax

STCG-LTCG of NBFC held as capital gains not business income based on broad principles as laid down by various judicial pronouncements

STCG-LTCG of NBFC held as capital gains not business income based on broad principles as laid down by various judicial…

8 years ago
  • Income Tax

Annual Conference of CBDT-CBEC senior tax administrators.The two Revenue Boards first time holding the conference simultaneously on 16-17th June, 2016

Annual Conference of CBDT-CBEC senior tax administrators 2016  Government of India Ministry of Finance Department of Revenue Central Board of…

8 years ago
  • Income Tax

Reopening assessment us 147-148 for verification of details is illegal, A Fishing inquiry is not contemplated in Income Tax Act – ITAT

Reopening assessment us 147/148 for verification of details illegal The Assessing Officer merely sought to reopen the assessment for verification…

8 years ago
  • Income Tax

Google notice-Publishers to deposit 6% equalisation Levy for invoices raised for online advertisement on or after 01/06/2016 as per Adword terms

Google notice-Publishers to deposit 6 Percent Equalisation Levy  Hello, This is to inform you that as per the Notification No. 37/…

8 years ago
  • Income Tax

Share STCG not become business income by employment of Portfolio Management Service (PMS) for investment in shares-ITAT held so relying on 2 HC Judgments

Share STCG not become business income by employment of Portfolio Management Service (PMS) for investment in shares. This was held…

8 years ago
  • Income Tax

Due dates for e-filing form 15G 15H CBDT Notification 09-2016. Declarations up to 31-03-2016 to be filled till 30/06/2016 and 15th of Next month onwards

Due dates for e-filing form 15G 15H  F.No. DGIT(S)/CPC(TDS)/DCIT/15GH/2016-17/4539 Government of India Ministry of Finance Central Board of Direct Taxes…

8 years ago
  • Income Tax

Sale of shares was not business income but investment income ITAT held so quoting CBDT latest circular no. 6/2016, F.No. 225/12/2016/ITA.II dt. 02/5/2016

In a recent judgment, ITAT has held that the sale of shares by the assessee was not business income but…

8 years ago