Income Tax

  • Income Tax

Income Tax Investigation Wing & Central charges to resume sending notices to assessees

Income Tax Investigation Wing and Central charges to resume sending notices to assessees electronically  F. No. 414/ 29 /2020 -IT…

4 years ago
  • Income Tax

Income Tax raids Chinese entities for money laundering/hawala transactions

Income Tax Department conducts search on premises of Chinese entities As per a Press Release issued by Finance Ministry, the…

4 years ago
  • Income Tax

Section 139A not to apply to non-resident who invests in a specified fund

Section 139A not to apply to non-resident (except company) who makes investment in a specified fund subject to few conditions…

4 years ago
  • Income Tax

Govt. designates 3 Special Courts in Maharashtra for trial under Income-tax Act

Govt. designates three Special Courts in Maharashtra for trial of offences punishable under the Income-tax Act, 1961 MINISTRY OF FINANCE(Department…

4 years ago
  • Income Tax

No Penalty u/s 271AAB unless undisclosed income found from seized material

No Penalty u/s 271AAB unless undisclosed income found from seized material. Disclosure made in statement u/s 132(4) not sufficient to…

4 years ago
  • Income Tax

Penalty u/s 271(1)(c) upheld despite notice without specifying applicable charge

Penalty u/s 271(1)(c) upheld despite notice without striking off the not applicable charge as in penalty order AO specified the…

4 years ago
  • Income Tax

Education cess & Secondary and Higher Education Cess are allowable deductions

Education cess & Secondary and Higher Education Cess are allowable deduction while computing income chargeable under the head of profits…

4 years ago
  • Income Tax

Mutual Agreement Procedure (MAP) Guidance Notes by CBDT

Mutual Agreement Procedure (MAP) Guidance notes released by CBDT Mutual Agreement Procedure (MAP)  The Double Taxation Avoidance Agreements (DTAAs or…

4 years ago
  • Income Tax

CBDT transfers 13 officers in the grade of CCIT/DGIT. Additional charge given to 17 Officers

CBDT transfers 13 officers in the grade of CCIT/DGIT. Additional charge given to 17 Officers CBDT has made 13 transfer/postings…

4 years ago
  • Income Tax

Promotion and Transfer Postings in the grade of PrCCIT / Pr. DGIT – CBDT Order

Promotion and Transfer Postings in the grade of PrCCIT / Pr. DGIT - CBDT Order F. No. A-22011/3/2020-Ad-VIGovernment of India Ministry…

4 years ago