New Income Tax provisions effective from 1st September 2019
New Income Tax provisions effective from 1st September 2019 Law changes not only from the beginning of the year but from…
Income Tax
CBDT has amended Rule 114 to facilitate interchangeability of PAN with Aadhaar
CBDT has amended Rule 114 to facilitate interchangeability of PAN with Aadhaar Notification No. 59/2019, dated 30-08-2019 The Finance (No.…
Cash withdrawal before 1/09/2019 won’t be subjected to TDS u/s 194N but same shall be counted in limit of Rs. 1 Cr. : CBDT
Cash withdrawal before 1/09/2019 won’t be subjected to TDS u/s 194N but same shall be counted in limit of Rs.…
Mere issue of a s. 148 notice is not sufficient. Service of notice to the Assessee is essential.
Mere issue of a s. 148 notice is not sufficient. Service of notice to the Assessee is essential: Bombay HC. If…
PMO Direct Involvement – Called information from CBDT On Withdrawal Of Low-Tax Effect Appeals By Dept
PMO Direct Involvement – Called information from CBDT On Withdrawal Of Low-Tax Effect Appeals By Dept The Prime Minister’s Office…
Agricultural Income of the Minor- Whether Required clubbing for rate purpose
Agricultural Income of the Minor- Whether Required clubbing for rate purpose The definition of income is not an…
Sabka Vishwas Dispute Resolution Scheme Notified.
Sabka Vishwas Dispute Resolution Scheme Notified. Sabka Vishwas Dispute Resolution Scheme Notified.
ITC of FY 2017-18 can be availed now!!
ITC of FY 2017-18 can be availed now!! “Input Tax” in relation to a taxable person, means the Goods and…
Step by Step Guide on Sabka Vishwas -(Legacy Dispute Resolution Scheme-2019.
Step by Step Guide on Sabka Vishwas – (Legacy Dispute Resolution Scheme-2019.) Step by Step Guide on Sabka Vishwas -(Legacy…
Interesting Ruling : Salwar / Churidhar sets, comprising of three pieces of cloths is to be classified as “Fabrics” or “articles of apparel and made up”?
Interesting Ruling : Salwar / Churidhar sets, comprising of three pieces of cloths is to be classified as “Fabrics” or…
HC through an interim order allowed assessee to manually rectify Form GSTR-3B
HC through an interim order allowed assessee to manually rectify Form GSTR-3B Panduranga Stone Crushers v. Union of India –…
Validity of assessment under section 153C if there is Non-recording of satisfaction by AO of searched person
Validity of assessment under section 153C if there is Non-recording of satisfaction by AO of searched person Short Overview: As…
It is obligatory on AO|s part to consider such ‘Notes’ while determining the book profit under section 115JB.
It is obligatory on AO|s part to consider such ‘Notes’ while determining the book profit under section 115JB. Short Overview:…
Increased limitation period of seven years under section 201(3), as amended by Finance (No. 2) Act, 2014, with effect from 1-10-2014, would not apply retrospectively
Increased limitation period of seven years under section 201(3), as amended by Finance (No. 2) Act, 2014, with effect from…
Validity of Penalty under section 271AAA if amount surrendered is not treated as undisclosed income
Validity of Penalty under section 271AAA if amount surrendered is not treated as undisclosed income Short Overview: As AO accepted…
No penalty if assessee was in bona fide belief that purchase of new property was within time limit
No penalty if assessee was in bona fide belief that purchase of new property was within time limit ITO v.…
Income from let out of ‘premises only’ is taxable under the head ‘Income from House Property’
Income from let out of ‘premises only’ is taxable under the head ‘Income from House Property’ Short Overview: In the…
2nd Date Extension for ITR Return filing : Fake message in circulation
2nd Date Extension for ITR Return due date: Fake message in circulation. There is no official notification as of now.…
