Category: Income Tax
RERA Odisha and jharkahnd income exempted u/s 10(46)from AY 2020-21 to 2024-25 MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) Notification No. 37/2020 New Delhi, the 25th June, 2020 S.O. 2041(E).—In exercise of the powers conferred by clause (46) of section 10 of the Income-tax …
CBDT issue Notification further extending time limit for filing ITRs, TDS/TCS returns, making investments etc. for AY 2020-21 & 2019-20 Govt extends various time limits under the Direct Tax & Benami laws, providing further relief to taxpayers for making compliances under these laws. Time limits had earlier been …
Maharashtra Electricity Regulatory Commission income exempted u/s 10(46) of Income Tax Act MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 23rd June, 2020 S.O. 2015(E).—In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961 (43 of …
Greater Noida Industrial Development Authority authority income exempted u/s 10(46) of Income Tax Act, 1961 MINISTRY OF FINANCE(Department of Revenue)(Central Board of Direct Taxes) NOTIFICATION New Delhi, the 23rd June, 2020 S.O. 2014(E).—In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, …
Non-rejection of explanation in Assessment Order amounts to AO accepting it hence no reopening on change of opinion. SC upholds High Court judgment ABCAUS Case Law Citation:ABCAUS 3322 (2020) (06) SC In a recent judgment, the Hon’ble Supreme Court had dismissed the Special Leave Petition filed by the …
Cost Inflation Index for FY 2020-21 notified by CBDT. Up-to-date Cost Inflation Index Table / Chart from FY 2001-02 to FY 2020-21 MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification No. 32/2020 New Delhi, the 12th June, 2020 Income-Tax S.O.1879(E).—In exercise of the powers conferred by …
CBDT makes 272 transfer/postings in the grade of Assistant / Deputy Commissioner of Income Tax. CBDT has made 215 transfer/postings in the grade of Assistant / Deputy Commissioner of Income Tax. In addition, 41 transfer/postings of review cases has also been made. Further 16 transfer/postings have been done …
Exemption u/s 54F allowed as vendor insisted for execution of two sale deeds to avoid TDS as agreement for purchase of property was not disputed ABCAUS Case Law Citation:ABCAUS 3319 (2020) (06) ITAT In the instant case, the appeal was filed by the assessee against the order passed …
No penalty u/s 271E where persons are properly identified and transactions are genuine as there can be no attempt to evade tax – ITAT ABCAUS Case Law Citation:ABCAUS 3318 (2020) (06) ITAT Important case law relied upon by the parties:Industrial Enterprises vs. DCIT 73 ITD 252ADIT vs. Kumari …
155 Assistant Commissioners of Income Tax (Probationers) posted on completion of training at National Academy of Direct Taxes (NADT) The CBDT has given postings to 155 Assistant Commissioners of Income Tax (Probationers) in the level 10 in the pay matrix of Rs. 56100 – 177500/- on successful completion …