Category: Income Tax
TDS on Rent us 194IB-Quarterly return Form 26QC and TDS certificate Form No. 16C notified for individuals/huf not covered under tax audit and paying rent exceeding Rs. 50000/- p.m. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) Notification No. 48/2017 New Delhi, the 8th June, …
Safe Harbour Rules for International Transaction Eligible Assessee/Transactions. Amendment to Rule 10TA 10TB, Rule 10TC 10TD MINISTRY OF FINANCE Department of Revenue CENTRAL BOARD OF DIRECT TAXES CBDT Notification No. 46/2017 New Delhi, the 7th June, 2017 INCOME-TAX G.S.R. 557(E).— In exercise of the powers conferred by section …
TDS Refund Claim Form 26B can be EVC verified in addition to DSC. Amendment to Rule 31A (3A). Information to be filled for refund u/s 194-IA. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) Notification No. 45/2017 New Delhi, the 5th June, 2017 G.S.R. 554(E).—In …
Cost Inflation Index AY 2018-19 Base Year 2001-02 Notified by CBDT. List-Table of CII 100 for FY 2001-02 and 272 for FY 2017-18 MINISTRY OF FINANCE Department of Revenue CENTRAL BOARD OF DIRECT TEXES Notification No. 44/2017 New Delhi, the 5th June, 2017 INCOME-TAX S.O. 1790(E).—In exercise of …
Only real income can be taxed under Income Tax Act. Even if whole transaction is not verifiable only income component not the entire purchase taxable ABCAUS Case Law Citation: ABCAUS 1275 (2017) (05) ITAT The Grievance: The appellant assessee was aggrieved by the order passed by the Commissioner …
Sale of long term equity shares chargeable u/s 10(38) from AY 2018-19 if not chargeable to securities transaction tax CBDT notifies transactions for which the condition of chargeability to STT for claiming exemption under Section 10(38) of the Income Tax Act, 1961 shall not apply. MINISTRY OF FINANCE …
When substantial question of law admitted by High Court, it is apparent that addition is debatable – ITAT ABCAUS Case Law Citation: ABCAUS 1274 (2017) (06) ITAT Assessment Year : 1999-2000 Date/Month of Pronouncement: May, 2017 Important Case Laws Cited relied upon: Rupam Mercantile vs. DCIT (2004) 91 …
Extension of Form 16 furnishing due date to employee to 15-06-2017 instead of 31st May, 2017 for FY 2016-17. Amenment to Rule 31(3) prescribing due date for furnishing salary certificate/details of tax deducted. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) Notification No. 42 /2017 …
Personal jewellery of family members found during survey in physical stock was to be excluded during assessment as the burden was on AO to controvert the statement – ITAT ABCAUS Case Law Citation: ABCAUS 1273 (2017) (06) ITAT The Grievance: The appeal of the assessee was …
Addition for liability existing in balance sheet u/s 41(1). CIT(A) had no locus standi to enhance the assessment for the reason of cessation of liability – ITAT ABCAUS Case Law Citation: ABCAUS 1272 (2017) (06) ITAT The Grievance: The appeal of the assessee was directed against the order …