Income Tax

  • Income Tax

Liability of TDS u/s 194C(2) of Transporters for payments to trucks owners/operators. SC explains the Law

Liability of TDS u/s 194C(2) of Transporters for further payments to trucks owners/operators. Supreme Court explains the Law ABCAUS  Case…

4 years ago
  • Income Tax

Due date for furnishing return of Income (ITR) for AY 2019-20 extended to 30.09.2020

Due date for furnishing return of Income (ITR) for AY 2019-20 extended to 30.09.2020 Due date for furnishing return AY…

4 years ago
  • Income Tax

Mere TDS deduction not decisive factor to treat payment received as income

Mere TDS deduction not decisive factor to treat payment received as income of the assessee ABCAUS Case Law Citation:ABCAUS 3347…

4 years ago
  • Income Tax

Cash withdrawal to be considered as source of bank deposits after deduction for household expenses

Cash withdrawal to be considered as source of cash deposited in bank after deduction for reasonable household expenses - ITAT…

4 years ago
  • Income Tax

Statement of income of investment fund to unit holders u/s 115UB to be in electronic form

Statement of income of investment fund to unit holders u/s 115UB to be in electronic form. CBDT amends form 64C…

4 years ago
  • Income Tax

Addition based on statement recorded deleted as witness not appeared for cross examination

Addition based on statement recorded deleted as witness did not appear for cross examination on Departments notice ABCAUS Case Law…

4 years ago
  • Income Tax

Disallowance u/s 40A(2)(b)-Excess over FMV to be seen as per legitimate needs of business

Disallowance u/s 40A(2)(b) AO has to form opinion if expenses more than FMV according to legitimate needs of business. ABCAUS…

4 years ago
  • Income Tax

Chart of extended due dates for filing of TDS / TCS returns etc. due to Covid-19 Pandemic

Chart of extended due dates for filing of TDS / TCS returns etc. due to Covid-19 Pandemic Revised Due dates…

4 years ago
  • Income Tax

Assessee not permitted to change head of income as per his own sweet will & convenience – ITAT

Assessee not permitted to change head of income as per his own sweet will and convenience. ITAT upheld addition following…

4 years ago
  • Income Tax

CBDT amends TCS Rules. Amount on which TCS not collected from buyer to be reported

CBDT amends TCS Rules. Amount received or debited on which TCS was not collected from buyer to be reported  …

4 years ago