Category: Income Tax

FAQ-Direct Tax Dispute Resolution Scheme 2016 Clarification. Penalty cases tax payments in instalments, writ petitions etc. CBDT Circular 42 of 2016

FAQ-Direct Tax Dispute Resolution Scheme 2016 Clarification. Penalty cases tax payments in instalments, writ petitions etc. CBDT Circular 42 of 2016

December 23, 2016 Income Tax
FAQ-Direct Tax Dispute Resolution Scheme 2016 Clarification. Penalty cases tax payments in instalments,  writ petitions etc.  Circular No. 42 of 2016 F.No.142/11/2016-TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes (TPL Division) New Delhi, dated 23rd December, 2016 Clarifications on the Direct …
Disallowance us 14A for practicing Senior Advocate of Supreme Court deleted as AO was not dissatisfied with correctness of claim made by assessee-ITAT

Disallowance us 14A for practicing Senior Advocate of Supreme Court deleted as AO was not dissatisfied with correctness of claim made by assessee-ITAT

December 22, 2016 Income Tax, ITAT, Judgments
Disallowance us 14A for practicing Senior Advocate of Supreme Court deleted as AO  was not dissatisfied with correctness of the claim made by assessee-ITAT ABCAUS Case Law Citation: ABCAUS 1087 (2016) (12) ITAT Important Case Laws cited: CIT vs. Taikisha Engineering Ltd. Brief Facts of the Case: The …
Potential non income tax return Filers for FY 2014-15 identified on the basis of AIR, CIB and TDS/TCS databases using Non-filers Monitoring System

Potential non income tax return Filers for FY 2014-15 identified on the basis of AIR, CIB and TDS/TCS databases using Non-filers Monitoring System

December 22, 2016 Income Tax
Potential non income tax return Filers for FY 2014-15 identified on the basis of AIR, CIB and TDS/TCS databases using Non-filers Monitoring System NMS Ministry of Finance Dated: 22/12/2016 Press Release Income Tax Department Identifies 67.54 lakh Potential Non-Filers for F.Y. 2014-15 The Non-filers Monitoring System (NMS) was …
FAQ Indirect Transfer provisions income deemed to accrue arise in India u/s 9(1)(i). Clarification issued by CBDT

FAQ Indirect Transfer provisions income deemed to accrue arise in India u/s 9(1)(i). Clarification issued by CBDT

December 21, 2016 Income Tax
FAQ Indirect Transfer provisions income deemed to accrue arise in India u/s 9(1)(i). Clarification issued by CBDT  Circular No.41 of 2016 F.no. 500/43/2012-FT&TR Government of lndia Ministry of Finance Department of Revenue Central Board of Direct Taxes (FT&TR-Division) Clarifications on Indirect Transfer provisions under the lncome Tax Act. …
Effective assessment using income tax database-e-system. CBDT constitutes Committee to re-engineer standard assessment procedures

Effective assessment using income tax database-e-system. CBDT constitutes Committee to re-engineer standard assessment procedures

December 20, 2016 Income Tax
Effective assessment using income tax database-e-system. CBDT constitutes Committee to re-engineer standard assessment procedures FTS-300315894/20 16 Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes Office Memorandum New Delhi  Date 19 December, 2016 Sub: Constitution of Committee to give recommendations regarding how to …
Political parties not immune to investigation post demonetisation if discrepancy is noticed they shall be questioned by Income Tax as is anyone else-MoF

Political parties not immune to investigation post demonetisation if discrepancy is noticed they shall be questioned by Income Tax as is anyone else-MoF

December 17, 2016 Finance Ministry, Income Tax
Political parties not immune to investigation post demonetisation if discrepancy is noticed they shall be questioned by Income Tax as is anyone else-MoF Ministry of Finance 17-December, 2016 Press Release Statement by Finance Minister Shri Arun Jaitley Following is the statement by Union Minister for Finance and Corporate …