Category: Income Tax
Additions not related to reasons recorded for reopening not permissible as it was not subject matter of reasons recorded by AO for reopening the assessment – ITAT ABCAUS Case Law Citation: ABCAUS 1183 (2017) (03) ITAT The Grievance: The appellant assessee was aggrieved by the additions made by …
India-Singapore DTAA amendments made by third protocol comes into Force on 27th February 2017 Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 23rd March, 2017. Press Release Third Protocol Amending India-Singapore DTAA Comes into Force The Third Protocol amending India-Singapore …
CBDT Latest FAQ on ICDS containing 25 Question answers Circular No. 10 of 2017 F.No 133/23/2016-TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes (TPL Division) **** Date: 23rd March, 2017 Subject: Clarifications on Income Computation and Disclosure Standards (ICDS) notified under …
Quoting Aadhaar Number in Income Tax Return Compulsory. Existing PAN holders to intimate Aadhaar to Income tax Authorities or PAN will become invalid Quoting Aadhaar Number in Income Tax Return Compulsory It is learnt from unconfirmed sources that a new section 139AA has been proposed in the amended …
Entire amount of undisclosed purchases can not be added as profit. In absence of information on sales of such purchases only profit element can be taxed – ITAT ABCAUS Case Law Citation: ABCAUS 1181 (2017) (03) ITAT Assessment Year : 2007-08 Date/Month of Pronouncement: March, 2017 Brief Facts …
Cash Transaction Limit us 269ST reduced to Rs 2 lakhs. As per Revenue Secretary tweet, Govt in official amendment to Finance Bill has proposed so. Finance Bill 2017 had proposed a check on domestic black money by inserting a new section 269ST in the Income Tax Act, 1961 to provide that …
No need to Exempt interest on minor Maintenance deposit us 64 when the money is deposited in favour of child on the direction of the Court-Law Commission Prospects of Exempting Income arising out of Maintenance Money of ‘Minor’ The Punjab and Haryana High Court, in the case Payal …
TDS JAGRUKTA movie TDS- JAGRUKTA a movie by DTRTI, Kolkata in English, Hindi, Bengali, Marathi, Gujarati, Punjabi, Telgu, Tamil &Kannad has been released by Shri Gopal Mukherjee, Member ( Rev & TPS), CBDT. The Video starts with a sholk from Sanskrit followed by a short story of how …
Procedure of TAN Application through SPICe Form No. INC-32 of MCA F.No. Pr. DGIT(S)/ADG-2/TAN Application Notification/20992-21016 Government of India Ministry of Finance Central Board of Direct Taxes Directorate of Income-tax (Systems) Notification No. 2 of 2017 New Delhi, th of March, 2017 Procedure of TAN application through Simplified …
Advance for purchasing capital assets not deemed divided u/s 2(22)(e). It was a trade advance in the normal course of business – ITAT ABCAUS Case Law Citation: ABCAUS 1180 (2017) (03) ITAT The Grievance: The appellant assessee company was aggrieved by the addition made by the Assessing Officer …
