Category: Income Tax
No Penalty 271(1)(c) if income offered u/s 132(2) is accepted by Assessing Officer u/s 153A and assessed INCOME TAX APPELLATE TRIBUNAL, KOLKATA ‘A’ BENCH, KOLKATA I.T.A. No. 622/KOL/ 2008 Assessment Year: 2003-2004 Smt. Sarita Mohta……Appellant vs. Deputy Commissioner of Income Tax……..Respondent Date of Order: 04-03-2016 ORDER Per Shri P.M. …
Tax incentives for start-ups in Budget 2016-17 With a view to providing an impetus to start-ups and facilitate their growth in the initial phase of their business, it is proposed in Budget 2016-17 to provide a deduction of one hundred percent of the profits and gains derived by an …
Cash advance received adjusted against sales could not be added u/s 68 treating the same as unexplained THE INCOME TAX APPELLATE TRIBUNAL, KOLKATA ‘SMC’ BENCH, KOLKATA I.T.A. No. 2284/KOL/ 2014 Assessment Year: 2009-2010 M/s. Narendra Nath Paul (Appellant ) vs. Income Tax Officer (Respondent) Date of Order: 10-02-2016 …
Instructions for filling PAN Card Application Form 49A. Document required as proof of identity, address and date of birth INSTRUCTIONS FOR FILLING PAN CARD APPLICATION FORM 49A a Form to be filled in English only. b Fields marked by asterisk (*) are mandatory. c Each box, wherever provided, should …
CBDT clarifications on various provisions of the Income-tax Act for reducing litigation and easing burden of compliance Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxes PRESS RELEASE New Delhi, 3rd March, 2016 Sub: Decision’s of CBDT clarifying various provisions of the Income-tax Act for reducing …
Outstanding disputed demand stay to be granted by assessing officer on payment of 15 percent till disposal of first appeal if pending before CIT(A) Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxes PRESS RELEASE New Delhi, 3rd March, 2016 Subject: Issue of revised guidelines for …
TDS on payments by broadcasters/TV channels to production houses for production of content, programme for telecasting Circular No.4/2016 F.No.275/07/20 16-IT(B)Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxes (CBDT) North Block, New Delhi, the 29th of February, 2016 Sub: Tax Deduction at Source (TDS) on payments …
No TDS on payments by TV channels / newspaper companies to advertising agency for booking/procuring/canvassing advertisements Circular No.5/2016 Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxes North Block, New Delhi, the 29th of February, 2016 Sub: Tax Deduction at Source (TDS) on payments by television …
CBDT Guidelines-Gains on sale of shares and securities whether Capital Gains or Business Income Circular No.6/2016 Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxes North Block, New Delhi, the 29th of February, 2016 Sub: Issue of taxability of surplus on sale of shares and securities …
CBDT Circular No. 14 (XL-35) dated 11/04/1955-Department must not take advantage of ignorance of assessee to collect more tax than what is legitimately due Central Board of Direct Taxes Circular No. 14 (XL-35) Miscellaneous—Refund and reliefs due to assessees—Departmental attitude towards Dated: 11/04/1955 ASSESSMENT SECTIONS 143, The Board have issued …
