Category: Income Tax
Rent held Business Income not House Property income When the the assessee company had only one business and that is of leasing its property and earning rent therefrom, the income so earned should be treated as its business income and not as income from house property-Supreme Court ABCAUS Case …
EVC by Bank and Demat Account CBDT vide notification No. 1/2016 dated 19-01-2016 had provided additional modes of EVC by bank and demat account,. Electronic Verification Code (EVC) can be generated by pre-validating your Bank Account on the e-Filing portal. Punjab National Bank and United Bank of India …
F.No. A-22011/2/2016-Ad-VI Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North Block, New Delhi-110 001 Date: 10.08.2016 Order No.143 of 2016 The following postings I transfers in the grade of Commissioner of Income Tax (Local Change) are , hereby , ordered with immediate effect and …
e-Return Intermediary-Company Secretaries and Cost Accountants also qualified along with Chartered Accountants MINISTRY OF FINANCE Department of Revenue CENTRAL BOARD OF DIRECT TAXES NOTIFICATION New Delhi, the 9th August, 2016 S.O. 2670(E).—In exercise of the powers conferred by sub-section (1B) of section 139 of the Income tax Act, …
PAN compulsory in Form No 10 for author founders trustees managers of charitable trust or institution in application for registration u/s 12A MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 9th August, 2016 INCOME-TAX S.O. 2671(E).— In exercise of the powers …
Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS RELEASE New Delhi, 9th August, 2016. Sub: Direct Tax Collections Increase by 24.01% up to July, 2016- reg The figures for direct tax collections up to July, 2016 show that net revenue collections …
Revision of Media Policy of Income Tax Department. CBDT constitues of committee to draft amended guidelines to regulate interaction with Media F. No.402/95/2016-17/MC Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 9th August, 2016. OFFICE MEMORANDUM Sub: Revision of the …
Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 8th August, 2016 Press Release Sub: Surging growth in Electronic filing of Income Tax Returns for F.Y. 16-17-reg. The facility of e-verification of IT returns has been used by over 75.3 Lakh …
Penalty 271(1)(c) can not be imposed when High Court admits substantial question of law on quantum addition making apparent that addition is debatable – ITAT ABCAUS Case Law Citation: 982 2016 (08) ITAT Assessment Year: 2005-06 Date/Month of Judgment: August 2016 Brief Facts of the Case: During the …
Penalty 271(1)(c) for claiming STCG as LTCG and deduction us 54F quashed by the ITAT holding that if the assessee had not concealed any fact while filing the return and filed the copies of the document along with the return, merely because the sale proceeds were shown as a long term capital gain …
