Short overview of the Change in the Guidelines of the Compounding of Offences under the Income Tax Act-1961
Employees of Nationalized Bank & PSU are not Government Employees for availing exemptions under section 10 or (10AA) of Income tax Act 1961
OECD released Stage 2 MAP Peer Review Reports for 13 jurisdictions including UAE, Bahrain, Oman & Qatar
Insurance Company not required to do TDS on the interest compensation awarded till 01.06.2015 even if the interest amount exceeds Rs.50,000 per claimant in the financial year: P & H HC
Any provision for deduction of tax at source in the said section would not govern the taxability of the receipt: P & H HC
Reopening after 3 years possible only if the AO is able to establish that income escaped is more than Rs. 50 Lakh: Rajasthan High Court
CGST Bhiwandi Commissionerate arrested one person for fraudulent availment of ITC on bogus invoices of Rs 45 cr