Form 15G 15H for receiving Rent Payments without TDS deduction from 01-06-2016. Budget 2016-17 amendment to section 197A and 194I Enabling of Filing of Form 15G/15H for rental payments The provision of sub-section 194-I of the Income Tax Act, 1961 provides for tax deduction at source (TDS) for …

Section 12AA 80G5 charitable trust approval-rejection on defective dissolution clause in deed is beyond the scope of enquiry for grant of registration INCOME TAX APPELLATE TRIBUNAL, KOLKATA ‘A’ BENCH, KOLKATA I.T.A. Nos. 1456 & 1457/KOL/ 2015 RP-Sanjiv Goenka Group CSR Trust …. Appellant vs. CIT (Exemptions) …. Respondent Date of …

If higher GP rate applied no further trading account disallowance can be made INCOME TAX APPELLATE TRIBUNAL, KOLKATA ‘B’ BENCH, KOLKATA I.T.A. No. 1307/KOL/ 2013 Assessment Year: 2007-2008 Income Tax Officer….Appellant vs. Smt. Farida Begum….Respondent Date of Order: 04-03-2016 ORDER Per Shri P.M. Jagtap :- This appeal is preferred …

CIT-Appeals has no power u/s 251 to send back file to AO to verify claim of the assessee. INCOME TAX APPELLATE TRIBUNAL KOLKATA BENCH ‘A’, KOLKATA ITA No. 196/Kol/2013 : Asstt. Year : 2009-2010 ITO (APPELLANT)  vs. Satyapriya Joardar (RESPONDENT) Date of Order: 04-03-2016 ORDER Per Shri S.S.Viswanethra Ravi, J.M. This …

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 …