demonetisation

  • Income Tax

Benefit of cash deposit up to 2.50 lacs not available separately for non taxpayer wife

Benefit of cash deposit up to 2.50 lacs for demonetisation period not available separately for household earnings of non taxpayer…

11 months ago
  • RBI

RBI issues 15 FAQs on Withdrawal of Rupees 2000 Denomination Banknotes 

RBI issues 15 Question & Answers (FAQs) on Withdrawal of Rupees 2000 Denomination Banknotes  1. Why are ₹2000 denomination banknotes…

1 year ago
  • RBI

RBI to withdraw Rs. 2000 Banknotes from Circulation but continue as Legal Tender

RBI to withdraw Rs. 2000 Denomination Banknotes from Circulation but Will continue as Legal Tender The Rs. 2000 denomination banknote…

1 year ago
  • Income Tax

Addition u/s 69A for cash gifts received on the occasion of marriage deleted

Addition u/s 69A for cash gifts received on the occasion of marriage and deposited in bank deleted ABCAUS Case Law…

1 year ago
  • Income Tax

NFAC passes copy paste order narrating wrong facts. ITAT deleted addition u/s 69A

NFAC passes copy paste order narrating wrong facts. ITAT deleted addition towards cash deposits u/s 69A ABCAUS Neutral Case Law…

1 year ago
  • Income Tax

Sales & collection from debtors in SBN during demonetization held assessee’s own money

Sales & collection of sundry debtors in SBN during demonetization period held to be assessee’s own money  ABCAUS Case Law…

1 year ago
  • Income Tax

No revision u/s 263 simply because AO in order did not make elaborate discussion – ITAT

No revision u/s 263 simply because AO in order did not make an elaborate discussion - ITAT ABCAUS Case Law…

2 years ago
  • Income Tax

No addition for cash deposit by housewives during demonetization if less than 2.5 lakhs

AO not allowed to make addition in the hands of the housewives for cash deposit in bank during demonetization if…

3 years ago
  • Income Tax

Addition u/s 68 for cash deposited in bank during demonetization period deleted

Addition u/s 68 for cash deposited in bank during demonetization period deleted as cash was deposited by trade debtors ABCAUS…

3 years ago
  • Income Tax

Verification of cash deposits during demonetisation period CBDT issues detailed Checklist

Verification Cash deposits during demonetisation period to undergo sharp scanner during scrutiny assessment. CBDT issues detailed instructions/checklist for help of…

5 years ago