Category: Income Tax
Income of Competition Commission of India exempted u/s 10(46) for Government grants, Fee & interest income accrued for five years from FY 2021-22 to 2025-26 MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification No. 72/2021 New Delhi, the 9th June, 2021 S.O. 2246(E).—In exercise of the …
CBDT amends Income Tax Rule 31A and Forms 26Q, 27Q & 27EQ related to TDS returns CBDT has notified Income-tax 17th Amendment Rules 2021 amending Rule 31A related to statement/return of Tax Deducted at Source (TDS). Rule 31A provides for the various forms for furnishing of TDS returns, …
IIT Bhilai approved u/s 35 for Scientific Research from AY 2022-23 to 2025-26 MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification No. 70/2021 New Delhi, the 8th June, 2021 S.O. 2175(E).—In exercise of the powers conferred by clauses (ii) and (iii) of sub-section (1) of section …
Addition u/s 69A for unexplained cash deposited in bank account of the assessee in excess of his yearly salary income deleted In the instant case, the assessee had challenged the order passed by the CIT(A) in upholding the addition made by the Assessing Officer (AO) towards the difference …
Step-by-Step Guide / Procedure for registration of DSC in income tax new e-filing portal As we all know that Income Tax Department has launched it new e-filing portal namely www.incometax.gov.in which has a new look many new features . The department has advised taxpayers to re-register their Digital …
First look of new income tax e-filing portal-launched today Finally, as declared by the CBDT after six days, Income Tax Department has launched it all new e-filing portal with new look and improved features. It was stated by the CBDT that the new portal shall be more taxpayer …
Notice u/s 148 issued prior to approval granted by competent authority bad in law In the instant case, the assessee had challenged the order passed by the CIT(A) in upholding the assessment order passed u/s 143(3) r.w.s. 147 of the Income Tax Act, 1961 (the Act) in as …
Undisclosed sales being excess turnover reported in service tax return. Tribunal set aside the addition for de novo proceedings In the instant case, the assessee had challenged the order passed by the CIT(A) in confirming addition made by the Assessing Officer (AO) towards undisclosed sales on the basis …
Change of email address no ground for non-service of show cause notice as in return filed email of counsel was given ABCAUS Case Law CitationABCAUS 3505 (2021) (06) HC The assessee had filed a Writ Petition challenged the ex parte assessment order passed by the Assessing Officer (AO) …
Do taxpayers have to re-register their DSC and re-generate passwords on the new e-filing portal again from June 7th onwards? The Income Tax Department is going to launch a new E-filing website i.e. www.incometax.gov.in on 7th June 2021. In preparation of the transition to the new system, the existing E-filing portal will …
