Income TaxTDSHow to claim TDS refunds if it is not shown in the ITR filed26 Feb at 5:21 am0How to claim TDS refunds if it is not shown in the ITR filed Filing of Income Tax Return (ITR)…
Income TaxProvisions of Section 56(2)(vii)(C) of the Income-tax Act are not applicable in case of allotment of shares, it is only applicable in case of transfer of shares24 Feb at 5:53 am0Provisions of Section 56(2)(vii)(C) of the Income-tax Act are not applicable in case of allotment of shares, it is only…
Income TaxInterest on loan taken to invest in a subsidiary is allowable as a deduction: Bombay HC24 Feb at 5:39 am0Interest on loan taken to invest in a subsidiary is allowable as a deduction: Bombay HC PCIT Vs Videocon Industries…
Income TaxCBDT amends ITR-2 ITR-3 & ITR-5 forms – Additional disclosures regarding section 80DD 80 U & 54D have been prescribed23 Feb at 6:21 am0CBDT amends ITR-2 ITR-3 & ITR-5 forms – Additional disclosures regarding section 80DD 80 U & 54D have been prescribed…
Income Tax100 % Penalty cannot be imposed if Show Cause Notice is issued under section 7323 Feb at 6:06 am0100 % Penalty cannot be imposed if Show Cause Notice is issued under section 73 In the High Court of…
Income TaxBonafide error in filing return – No loss of revenue – Technicalities should not come in the way for allowing rectification: Mum HC23 Feb at 5:29 am0Bonafide error in filing return – No loss of revenue – Technicalities should not come in the way for allowing…
Income TaxFinancial Intelligence Unit- India: An overview22 Feb at 5:46 am0Financial Intelligence Unit- India: An overview Introduction: Financial Intelligence Unit – India (FIU) is the central, national agency responsible for…
Income TaxRecipient cannot be held liable for circulating bogus invoices by the Supplier.21 Feb at 10:30 am0Recipient cannot be held liable for circulating bogus invoices by the Supplier. The Hon’ble Calcutta High Court in the…
Income TaxDRC 03 made in Protest by Taxpayer to be treated as Appeal Pre-Depsoit by Revenue: Bombay HC20 Feb at 6:00 am0DRC 03 made in Protest by Taxpayer to be treated as Appeal Pre-Depsoit by Revenue: Bombay HC The copy…
Income TaxITAT Chennai dismisses appeal for late filing beyond 8 years:20 Feb at 5:47 am0ITAT Chennai dismisses appeal for late filing beyond 8 years: Adithya Ferro Alloys Pvt. Limited Vs AO (ITAT Chennai)…
Income TaxCheck Income tax portal now: Pending tax demand of up to RS 1 lakh per individual waived by govt20 Feb at 5:25 am0Check Income tax portal now: Pending tax demand of up to RS 1 lakh per individual waived by govt …
Income TaxCBDT Order for nullifying Income Tax Demand up to Rs. 25,000/-19 Feb at 9:56 am0CBDT Order for nullifying Income Tax Demand up to Rs. 25,000/- The copy of the order is as under:…
Income TaxROC imposed penalty on auditors for non-disclosure of required information in financial statements19 Feb at 6:19 am0ROC imposed penalty on auditors for non-disclosure of required information in financial statements ROC levied penalty of Rs.1.50 lakhs…
Income TaxContract Farming: Whether eligible for exemption under Income Tax Act?19 Feb at 5:53 am0Contract Farming: Whether eligible for exemption under Income Tax Act? Introduction: Agriculture income earned by individuals and HUF is…
Income TaxHousing loan & Tax Treatment of Pre-Construction Period Interest19 Feb at 5:30 am0Housing loan & Tax Treatment of Pre-Construction Period Interest Query 1] We have booked an under construction flat for Rs.…
Income TaxKey Changes in ITR 6 applicable to companies for AY 2024-2517 Feb at 6:39 am0Key Changes in ITR 6 applicable to companies for AY 2024-25 CBDT has notified Income-tax Return Form 6 for…
Income TaxHow is the Income Tax Act regulating business practices to ensure timely Payments to MSME? 17 Feb at 6:18 am0How is the Income Tax Act regulating business practices to ensure timely Payments to MSME? MSME are growth engines…
Income TaxCBIC attempts to put a curb on unnecessary litigations16 Feb at 11:04 am0CBIC attempts to put a curb on unnecessary litigations There are various instances wherein the unnecessary litigation is carried…