Category: Income Tax

Budget 2017-18-Rationalization of taxation of dividend income. Provisions of section 115BBDA not to apply to domestic company and certain funds, trusts etc

Budget 2017-18-Rationalization of taxation of dividend income. Provisions of section 115BBDA not to apply to domestic company and certain funds, trusts etc

February 1, 2017 Budget 2017-18, Income Tax
Budget 2017-18-Rationalization of taxation of dividend income. Provisions of section 115BBDA not to apply to domestic company and certain funds, trusts etc Budget 2017-18-Rationalization of taxation of dividend income Under the existing provisions of section 115BBDA, income by way of dividend in excess of Rs. 10 lakh is …

Operation Clean Money-Online cash deposits verification under Cash Transactions 2016 > Compliance section on income tax efiling portal

January 31, 2017 Income Tax
Operation Clean Money-Online cash deposits verification under Cash Transactions 2016 > Compliance section on income tax efiling portal  Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 31st January, 2017. Press Release Income Tax Department (ITD) launches Operation Clean Money Income …
Election Commission Applauds Income Tax Department in their role during Elections held in 2016. Election Commission of India (ECI) National Awards for 2016

Election Commission Applauds Income Tax Department in their role during Elections held in 2016. Election Commission of India (ECI) National Awards for 2016

January 30, 2017 Income Tax
Election Commission Applauds Income Tax Department in their role during Elections held in 2016. Election Commission of India (ECI) National Awards for 2016  Government of India Ministry of Finance Department  of Revenue Central Board of Direct Taxes New Delhi, 27th January, 2017. Press Release Election Commission of India …
Filing adjournment application at closing office hours. CIT(A) was justified in passing ex-parte order upholding penalty u/s 272A(1)(c) – ITAT

Filing adjournment application at closing office hours. CIT(A) was justified in passing ex-parte order upholding penalty u/s 272A(1)(c) – ITAT

January 28, 2017 Income Tax, ITAT, Judgments
Filing adjournment application at closing office hours. CIT(A) was justified in passing ex-parte order upholding penalty u/s 272A(1)(c) – ITAT   ABCAUS Case Law Citation: ABCAUS 1111 (2017) (01) ITAT Assessment Year : 2012-13 Date of Pronouncement: 19-01-2017 Important Case Laws Cited/relied upon: Smt. Rekha Rani Vs. DCIT …
CBDT Clarifications on GAAR provisions. General Anti Avoidance Rule shall be effective from AY 2018-19 onwards

CBDT Clarifications on GAAR provisions. General Anti Avoidance Rule shall be effective from AY 2018-19 onwards

January 27, 2017 Finance Ministry, Income Tax
CBDT Clarifications on GAAR provisions under the Income Tax Act, 1961 Ministry of Finance Dated: 27/01/2017 Press Release Clarifications on implementation of GAAR provisions under the Income Tax Act, 1961   The General Anti Avoidance Rule (GAAR) provisions shall be effective from the Assessment Year 2018-19 onwards, i.e. Financial Year …
FAQ implementation of GAAR provisions under Income Tax Act 1961 which comes into force from 01/04/2017. CBDT Circular 7/2017

FAQ implementation of GAAR provisions under Income Tax Act 1961 which comes into force from 01/04/2017. CBDT Circular 7/2017

January 27, 2017 Income Tax
FAQ implementation of GAAR provisions under Income Tax Act 1961. General Anti-Avoidance Rule comes into force from 01/04/2017 Circular No. 7 of 2017 F.no. 500/43/2016-FT&TR-IV Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes Date 27/01/2017 Clarifications on implementation of GAAR provisions under …