Category: 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 …
Education per se charitable us 2(15). Registration u/s 12A can not be denied for not free of cost education to needy students-ITAT ABCAUS Case Law Citation: ABCAUS 1112 (2017) (01) ITAT Important Case Laws Cited/relied upon: American Hotel & Lodging Educational Institute vs. CBDT 301 ITR 86 …
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 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 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. 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 …
100 percent Section 87A tax rebate up to income of Rs. 5 lakhs for AY 2020-21 Click Here >> 87A Rebate given in earlier budgets is as under: (a) Rebate u/s 87A FY 2018-19, AY 2019-20 Click Here >> (b) Rebate under section 87A for AY 2018-19 Rebate under section 87A for …
Form 10B income accumulation amount inadvertent mistake. Income Tax authorities were misconceived in denying the claim for the difference-ITAT ABCAUS Case Law Citation: ABCAUS 1110 (2017) (01) ITAT Assessment Year : 2003-04 Date of Pronouncement: 20-01-2017 Brief Facts of the Case: The assessee was a charitable trust …
Income Tax Basic Exemption Limits AY 2018-19. 5% tax rate for income up to Rs. 500000/- Rebate u/s 87A reduced to Rs. 2500/- As forecasted by ABCAUS, the tax rate has been reduced to 5% for first income tax slab and rebate u/s 87A has been pegged at Rs. …
Form-10 income accumulation delay condonation. When sufficient material is before AO, insistence on the form not warranted as held by Allahabad High Court-ITAT ABCAUS Case Law Citation: ABCAUS 1109 (2017) (01) ITAT Assessment Year : 2010-11 Date of Pronouncement: 11-01-2017 Important Case Laws Cited/relied upon: CIT Vs …
