Income Tax

  • Income Tax

CBDT makes massive restructuring in jurisdiction of Income tax Authorities

CBDT makes massive restructuring in jurisdiction of Income tax Authorities After announcement of Indian Taxpayers Charter and Faceless Assessment from…

4 years ago
  • Income Tax

CBDT diverts existing posts of IRS to the newly created NeAC Delhi and its ReACs

CBDT diverts IRS in the grade of PCIT, CCIT, CIT to newly created NeAC Delhi and ReACs, re-designates earlier created…

4 years ago
  • Income Tax

E-assessment Scheme 2019 renamed as Faceless Assessment Scheme 2019.

E-assessment Scheme 2019 now renamed as Faceless Assessment Scheme 2019 E-assessment Scheme 2019 has now been renamed as Faceless Assessment…

4 years ago
  • Income Tax

Only DG Investigation & Commissioner TDS now authorised to order survey u/s 133A

Only DG Investigation and Commissionerates TDS authorised to have power to order income tax survey u/s 133A with effect from…

4 years ago
  • Income Tax

Do role of CA CS CMA as authorised representative going to end as per Taxpayers Charter

Do role of CA CS CMA as authorised representative going to end as per Taxpayers Charter? Under the provisions of…

4 years ago
  • Income Tax

New Taxpayers’ Charter issued. Read Rights & Obligations of taxpayers

New Taxpayers’ Charter issued. Know Rights & Obligations of taxpayers Ministry of Finance has issued detailed Taxpayers’ Charter in line…

4 years ago
  • Income Tax

All Assessment to be Faceless and orders to be passed by NeAC from 13.08.2020

All Assessment to be Faceless and orders to be passed by National e­-Assessment Centre from 13.08.2020 F. No. 187/3/2020-ITA-IGovernment of…

4 years ago
  • Income Tax

Market value of stock no basis to derive undisclosed income. Penalty u/s 271AAB not mandatory

Market value of stock instead of cost no basis to determine undisclosed income. Penalty u/s 271AAB not mandatory ABACUS Case…

4 years ago
  • Income Tax

Expenditure on ERP Software allowed as Revenue in nature

Expenditure on ERP Software allowed as Revenue in nature despite being treated as deferred revenue expenditure in the books of…

4 years ago
  • Income Tax

Transparent Taxation – Honoring the Honest platform – No new news

“Transparent Taxation – Honoring the Honest” Platform to be launched on 13th August 2020. Transparent Taxation – Honoring the Honest…

4 years ago