Category: Income Tax
CBDT signs MOU with Ministry of MSME to enable check & classify enterprises Memorandum of Understanding (MoU) between CBDT and MoMSME signed today A formal Memorandum of Understanding (MOU) was signed today between the Central Board of Direct Taxes (CBDT) and the Ministry of Micro, Small and Medium …
Services of web promotion, social media management held not liable to withholding tax u/s 195 as per the provisions of the DTAA ABCAUS Case Law Citation:ABCAUS 3335 (2020) (07) ITAT Important case law relied upon by the parties:ITO vs. B. A. Research India Pvt. Ltd.ITO vs. Cadila Health …
Interest on FDR pledged as security for obtaining contract is business income and profits to be computed by applying NP rate ABCAUS Case Law Citation:ABCAUS 3334 (2020) (07) ITAT In the instant case the appeal was filed by the assessee against the orders passed by CIT(A) in holding …
CPC-TDS established procedure for refund of excess TDS deposited ABCAUS Case Law Citation:ABCAUS 3333 (2020) (07) HC In the instant case, a writ petition had been filed seeking a direction to the Income Tax Department to remove technical glitches and enable the TRACES portal so that petitioner could …
Section 292BB not applicable to legal representative. High Court quashed reopening notice issued in the name of deceased assessee. ABCAUS Case Law Citation:ABCAUS 3332 (2020) (07) HC Important case law relied upon by the parties:Pr. Commissioner of Income Tax vs. Maruti Suzuki India Limited, (2019) 416 ITR 613 …
Income Tax Department to start e-campaign to ask taxpayers to verify financial transaction information for FY 2018-19 received from various sources Government of IndiaDepartment of RevenueMinistry of FinanceCentral Board of Direct Taxes New Delhi, 18th July, 2020 PRESS RELEASE CBDT to start e-campaign on Voluntary …
New Form 26AS will desist those taxpayers who inadvertently conceal financial transactions in returns Government of IndiaDepartment of RevenueMinistry of FinanceCentral Board of Direct Taxes New Delhi, 18th July, 2020 PRESS RELEASE New Form 26AS is the Faceless hand-holding of the Taxpayers The new …
Income of RERA Bihar exempted u/s 10(46) of Income Tax Act 1961- CBDT Notification Income of RERA Bihar exempted MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification No. 49 /2020 New Delhi, the 17th July, 2020 S.O. 2380(E).—In exercise of the powers conferred by clause …
CBDT refunded Rs. 71,229 crore to help taxpayers liquidity during COVID-19 pandemic CBDT has refunded Rs. 71,229 crore so far to help taxpayers during COVID-19 pandemic As per a Press Release by the Central Board of Direct Taxes (CBDT), upto 11th July, 2020, it has issued refunds amounting …
Goa & Telangana State RERA income exempted u/s 10(46) for five years from AY 2019-2020 to 2023-2024. MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification No. 47/2020 New Delhi, the 13th July, 2020 S.O. 2327(E).—In exercise of the powers conferred by clause (46) of section 10 …