Cash transaction limit on bank withdrawal u/s 269ST-CBDT Notification exempting cash withdrawal from bank from restriction imposed u/s 269ST  TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (ii)] GOVERNMENT OF INDIAMINISTRY OF FINANCE(DEPARTMENT OF REVENUE) New Delhi, the 5th April, 2017 NOTIFICATION …

No capital gain tax on flat transferred as nominee. The assessee did not inherit the property as owner but as nominee of all legal heirs – ITAT In a recent judgment, ITAT Mumbai has held that there could not be capital gain tax on flat transferred as nominee …

Claim supported by affidavit cannot be rejected without any enquiry or material brought on record to disprove the claim of the assessee – ITAT ABCAUS Case Law Citation: ABCAUS 1200 (2017) (04) ITAT The Grievance: The assessee was aggrieved by the order passed by the CIT(A) confirming the …

Cash transaction limit 269ST not apply to withdrawal from bank, cooperative bank or a post office savings bank-Press Release Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxes New Delhi, 5th April, 2017 PRESS RELEASE Budget 2017 takes Steps to discourage Cash transactions & curb Black …

Requirement to quote Aadhaar as per section 139AA of the Income-tax Act shall not apply to an individual who is not a resident as per the Aadhaar Act, 2016. Ministry of Finance Mandatory Quoting of Aadhaar for PAN Applications & Filing Return of Income Section 139AA of the …

Applicability of Presumptive Tax if actual profit is more than presumptive income. Shifting from salary to professional receipts to take benefit u/s 44ADA The Income-tax Act 1961 (‘the Act’) provides for taxation of income on presumptive or deeming basis in the case prescribed businesses. Currently, the benefit of …