Taxpayer can get PAN without applying for it !! New Emerging India !!
Taxpayer can get PAN without applying for it !! New Emerging India !!
Income Tax
Consolidated circular for assessment of Startups by CBDT
Consolidated circular for assessment of Startups by CBDT Circular No. 22/2019 Government of India Ministry of Finance Department of Revenue Central Board…
Even though the assessee failed to disclose the names of the donors, the amount received as building fund was utilized for charitable purpose & hence eligible for exemption u/s 11
Even though the assessee failed to disclose the names of the donors, the amount received as building fund was utilized…
“Department must not take advantage of ignorance of assessee to collect more tax than what is legitimately due” – Circular issued prior to 1961 Act which is still relevant
“Department must not take advantage of ignorance of assessee to collect more tax than what is legitimately due” – Circular…
If the transactions through the broker are duly recorded in the books of the assessee. AO cannot treat it as Bogus
If the transactions through the broker are duly recorded in the books of the assessee. AO cannot treat it as…
Salary received by a non-resident for services rendered abroad accrues outside India and is not chargeable to tax in India. The source of the receipt is not relevant. The CIT has wide powers u/s 264 and has to exercise them in favour of the assessee in terms of CBDT Circular No. 14 (XL-35) dated 11.04.1955
Salary received by a non-resident for services rendered abroad accrues outside India and is not chargeable to tax in India.…
Taxation of Mutual Funds in one chart
Taxation of Mutual Funds in one chart Holding Period Less than One Year 1 to 3 Years More than 3…
ITAT upheld CIT(A)’s order as it was duly passed within month of conclusion of final hearing
ITAT upheld CIT(A)’s order as it was duly passed within month of conclusion of final hearing INCOME TAX: Where Commissioner…
FAQ on Sabka Vishwas (Dispute Resolution Scheme ) 2019
FAQ on Sabka Vishwas (Dispute Resolution Scheme ) 2019 FAQ om Sabka Vishwas (Dispute Resolution Scheme ) 2019
Orders passed by a statutory authority under “dictation” of a superior officer or anyone else is bad in law
Orders passed by a statutory authority under “dictation” of a superior officer or anyone else is bad in law Bently…
Where assessee challenged assessment order on crucial aspects in appellate proceedings, no attachment order should be enforced
Where assessee challenged assessment order on crucial aspects in appellate proceedings, no attachment order should be enforced ■■■ [2019] 107 taxmann.com 416…
Even if search happens in case of assessee, the AO cannot initiate proceedings u/s 153A if incriminating material is found during search of other person.
Even if search happens in case of assessee, the AO cannot initiate proceedings u/s 153A if incriminating material is found…
ITAT confirmed additions on the basis of TDS claimed as corresponding income in not offered for taxation in ITR
ITAT confirmed additions on the basis of TDS claimed as corresponding income in not offered for taxation in ITR INCOME…
196 Income Tax Return per second – Time to believe Incredible India
196 Income Tax Return per second – Time to believe Incredible India Recent statistics of Income Tax return filing shows…
The fact that “long-term capital gains” on listed shares are exempt from tax does not mean that “long-term capital loss” on such shares is not available for set-off against taxable income.
The fact that “long-term capital gains” on listed shares are exempt from tax does not mean that “long-term capital loss”…
Where notice under section 143(2) issued against assessee was returned by postal authorities and thereafter no other notice was issued within stipulated period, it was palpable that there was no issuance of notice
Where notice under section 143(2) issued against assessee was returned by postal authorities and thereafter no other notice was issued…
Landmark Judgement: The eligibility for sales-tax exemption cannot be withdrawn under GST. Government cannot backtrack on its promise
Landmark Judgement: The eligibility for sales-tax exemption cannot be withdrawn under GST. Government cannot backtrack on its promise Once a…
Business Compliance Calendar for the month of September- 2019
Business Compliance Calendar for the month of September- 2019 Naresh Jakhotia Chartered Accountant www.theTaxTalk.com Special Caution: 15th September is the due…
