Extension of last date of payment of December instalment of Advance Tax for FY 2019-20 in North Eastern States F.No.385/38/2019-IT(B)Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxes***** North Block, New Delhithe 16th December, 2019 Order under Section 119(2) (a) of the Income-tax Act, 1961 – …

Presumptive tax u/s 44AE – No addition for cash deposit in bank made out of business receipts unless rebutted by cogent findings ABCAUS Case Law Citation:ABCAUS 3197 (2019) (12) ITAT Important case law relied upon by the parties:CIT vs. Nitin Soni (2012) 21 taxmann.com 477. The instant appeal …

Human probability is that truck drivers would insist for cash payment-ITAT deleted additions u/s 40A(3) for cash payments ABCAUS Case Law Citation:ABCAUS 3196 (2019) (12) ITAT The instant appeal was filed by the assessee against the order of the Commissioner of Income Tax in confirming the disallowance u/s …

IDS Scheme 2016 – Payment of tax/interest/penalty on undisclosed income may be made till 31.01.2020 MINISTRY OF FINANCE(Department of Revenue) Notification No. 103/2019 New Delhi, the 13th December, 2019 S.O. 4455(E).—In exercise of the powers conferred by the proviso to sub-section (1) of section 187 of the Finance …

The Taxation Laws (Amendment) Act 2019. Tax on income of certain domestic companies. The Taxation Laws ( Amendment ) Ordinance, 2019 repealed MINISTRY OF LAW AND JUSTICE(Legislative Department) New Delhi, the 12th December, 2019/Agrahayana 21, 1941 (Saka) The following Act of Parliament received the assent of the President …

Sabka Vishwas Legacy Dispute Resolution Scheme, 2019 – Clarifications in context of provisions of the Finance (No.2) Act, 2019 and Rules made there-under. Circular No. 1074/07/2019-CX F. No. 267/78/2019/CX-8-Pt.IIIGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Indirect Taxes and Customs Dated, the 12th December, 2019 ToThe Principal …