Category: Income Tax

Transfer Pricing Documentation and Country-by-Country Reporting

Transfer Pricing Documentation and Country-by-Country Reporting. Rules 10DA, 10DB and form nos. 3CEBA to 3CEBE proposed laying down guidelines  for maintaining and furnishing of transfer pricing documentation in the Master File and Country-by-Country report. Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes …

Penalty 271(1)(c) for interchanging opening wdv of fixed assets with assets of higher depreciation rate

Penalty 271(1)(c) for mistakenly interchanged opening wdv of fixed assets with block of assets admissible a higher rate of depreciation   ABCAUS Case Law Citation: ABCAUS 2089 (2017) (10) ITAT The Challenge/Grievance: The appellant assesseeschallenged the order passed by the CIT(A) confirming action of Assessing Officer  (AO) in …

Taxpayers consent to e-proceedings migration-format of letter

Format of Letter for Consent of taxpayers and Letter for Migration of Email Based E-Assessment in E-Proceeding   Annexure-A: Migration of email based E-Assessment to E-Proceedings in ITBA Dear Taxpayer, Subject: Migration of ongoing scrutiny proceedings from ‘e-mail based communication’ to ‘E-Proceeding’ on Income-Tax Business Application (ITBA) platform …