Category: Income Tax
Income of non resident shipping company u/s 172-Assessee asked to furnish proof that income tax return filed in foreign country or certificate from IRA ABCAUS Case Law Citation:ABCAUS 3059 (2019) (07) ITAT Important Case Laws Cited/relied upon by the parties:Alabra Shipping Pte Ltd. (2016) 129 DTR (Rjt) (Trib) …
Issues on payment of 3rd installment under IDS-2016. Bank Holidays towards due-date and delayed credit by Bank. CBDT Circular Circular No. 15/2019 Government of IndiaMinistry of Finance Department of RevenueCentral Board of Direct Taxes (ITA. II) North Block, New Delhi, the 12th day of July, 2019 Subject: Issues …
Clarification on certain procedural and technical issues regarding IDS 2016. Excess payment of liability, non uploading IDS Form 3. CBDT Order u/s 119 F. No.225/282/2017/ITA.II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes (ITA.II) North Block, New Delhi, the 12th day of …
Requirement u/s 143(2) is of service of notice and not issue of notice. ITAT explains the law on service of notice under Income Tax Act , 1961 ABCAUS Case Law Citation:ABCAUS 3058 (2019) (07) ITAT Important Case Laws Cited/relied upon by the parties:V. R. A. Cotton Mills P. …
Download Pre-filled XML of ITRs 1, 2, 3 and 4 for AY 2019-20. Step by Step Procedure Pre-filled XML of ITR 1, 2, 3 and 4 for AY 2019-20 are now available at Income tax efiling website. Prefilled XML of other ITRs are expected shortly. Step by Step …
Penalty u/s 272A(2)(k) for delay in filing TDS returns deleted as TDS was deposited within due time to the credit of the Central Government ABCAUS Case Law Citation:ABCAUS 3057 (2019) (07) ITAT The instant appeal was filed by the assessee against the appellate order passed by Commissioner of …
Extension of last date for filing Income Tax returns, no such proposal yet says Ministry Government has recently changed Form 16 and Form 24 Q to bring more disclosures. In order to enable pre-filling of return of income of salaried taxpayers, the Government has amended Form No. 16 …
No exemption u/s 54B for purchase of agricultural land belonging to Scheduled Caste which cannot be transferred unless converted to non-agricultural land. ABCAUS Case Law Citation:ABCAUS 3056 (2019) (07) ITAT Important Case Laws Cited/relied upon by the parties:Mysore Minerals Ltd. Vs CIT 239 ITR 775CIT Vs. Podar Cement …
All Excel and Java Income Tax Return Preparation utility for ITR 1, 2, 3, 4, 5, 6 & ITR 7 for AY 2019-20 made available for e-Filing. ITR Description Excel Utility/ Version Release Date ITR-1 For Individuals being a Resident (other than Not Ordinarily Resident) having Total Income …
If AO examines a claim and not reject it then it can’t be said that AO had not formed any opinion so as reopen the case without any new or additional material-SC dismisses SLP of ITD ABCAUS Case Law Citation:ABCAUS 3055 (2019) (07) SC Important Case Laws Cited/relied …
