Category: Income Tax
LPG Bottling activity amounts to production under sections 80HH, 80-I and 80-IA-Supreme Court. The word production is wider than the word manufacture. ABCAUS Case Law Citation: ABCAUS 2014 (2017) (08) SC The Substantial Question of Law framed for determination: Whether bottling of LPG is an activity which amounts …
Govt notifies 121 countries-specified territories us 9A(3) for Eligible Investment Fund Management activity not to be regarded business connection in India Section 9 of the Income Tax Act, 1961 deals with the income which is deemed to accrue or arise in India for taxation purpose. As per sub …
Income Tax Offices to remain open till midnight on 5th August 2015 for receiving ITRs in view of the extended last date for filing ITR by certain categories F.No.225/270/2017/ITA. II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North Block ITA.II Division …
Reopening notice us 148 against amalgamated company was void ab initio as on that day the company was not in existence. Even if Department was not aware of that fact, will not make any difference to the legal position – High Court ABCAUS Case Law Citation: ABCAUS 2013 …
Increase in number of Income Tax payers after demonetisation Press Information Bureau Government of India Ministry of Finance 01-August-2017 17:45 IST Increase in number of Income Tax payers after demonetisation The number of income tax payers has increased after demonetization. During the period of 09.11.2016 to 31.03.2017, 1.96 …
Section 68 not attracted to amount representing credit purchases. Findings of ITAT upheld by High Court ABCAUS Case Law Citation: ABCAUS 2012 (2017) (08) HC The respondent assessee was a Government Contractor in the business of road construction. His return of income was selected for scrutiny and …
Extension of due date of 31st July for filing ITR for AY 2017-18 to 5th August, 2017 CBDT Order u/s 119 The CBDT has extended the due date of 31st July, 2017 to 5th August, 2017 The extension was first declared through Income Tax Department Twitter handle and …
ITR-Tax Audit Due Date Extension for Last 16 Years from AY 2003-04 to AY 2022-23 ITR / Tax Audit Due Date Extension CBDT orders for Last 16 Years from AY 2003-04 to AY 2022-23. Due Dates of Filing Income Tax Returns and Tax Audit Report: Under section 44AB …
Revised guidelines for stay of demand at first appeal stage. Minimum deposit amount for grant of stay increased to 20% of the disputed amount from existing 15% F. No. 404/72/93-ITCC (FTS:284146) Government of India Ministry of Finance Department of Revenue Central Board ofDirect Taxes New Delhi, 31st July, …
Filing Income tax return without linking Aadhaar to PAN allowed but linking to be done before 31st August, 2017. However, ITRs shall not be processed until linkage. Filing Income tax return without linking Aadhaar to PAN Allowed With the extension of the due date of 31st July 2017 …