Income TaxTribunal has no power to enhance assessment23 Jun 20180Tribunal has no power to enhance assessment When the Income Tax Tribunal remands an issue back to the AO for…
Income TaxAssessee Can file revised return after notice issued u/s 143(2): ITAT23 Jun 20180Assessee Can file revised return after notice issued u/s 143(2): Tax benefit claimed by taxpayers in revised income-tax returns cannot…
Income TaxPenalties in case of delay in filing of return23 Jun 20180Penalties in case of delay in filing of return Section 234F New section has been inserted with effect from 1st…
Income TaxITAT slams Revenue Officials for committing Mistakes23 Jun 20180ITAT slams Revenue Officials for committing Mistakes: The Hyderabad bench of ITAT in ‘DCIT v. Shashikala Ramkumar’ slammed the Revenue…
NotificationFrequently Asked Questions on SA 570 (Revised), ‘Going Concern’23 Jun 20180Frequently Asked Questions on SA 570 (Revised), ‘Going Concern’ (Applicable for audits of financial year 2017-18) Background As the members…
Income TaxTax Audit Checklist23 Jun 20180Tax Audit Checklist [button color=”” size=”” type=”round” target=”” link=”https://thetaxtalk.com/”]home[/button] [button color=”” size=”” type=”round” target=”” link=”https://thetaxtalk.com/submit-article-publish-your-articles-here/”]Submit Article [/button] [button color=”” size=”” type=”round”…
Interesting Income TaxIT JudgementCapital gains calculation can be done after considering Interest paid on housing loan as Cost of acquisition21 Jun 20180Capital gains calculation can be done after considering Interest paid on housing loan as Cost of acquisition Subhash Bana v.…
Income TaxPoints to Ponder for AY 2018-19 return filling.20 Jun 20180In Finance Act 2017 following changes have been made which need to be considered for filling return of assessment year…
Income TaxIndian Income Tax Return AY 2018-19 ITR-1 SAHAJ20 Jun 20180Indian Income Tax Return Person required to file ITR-1 Individual being resident having total income of Rs 50lakhs from following…
IT JudgementAllahabad HC allows manual filing of TRAN-1 in special cases if electronic system doesn’t respond20 Jun 20180Allahabad HC allows manual filing of TRAN-1 in special cases if electronic system doesn’t respond National Chemical & Dyes Company…
Tax PlanningLet Us ensure, “Mutual Fund Sahi Hai…”19 Jun 20180Let Usensure, “Mutual FundSahi Hai…” Many times we heard on Radio, T.V. and read in the news paper regarding Mutual…
Income TaxBonus Stripping and Dividend stripping19 Jun 20180Bonus Stripping and Dividend stripping Dividend Stripping: Section 94(7) of Income Tax Act 1961 Dividend stripping is buying shares before dividend is declared…
IT JudgementExcessive or unreasonable vis a vis disallowance under section 40A(2)18 Jun 20180 IT: Where Assessing Officer held that commission paid by assessee company to its director was excessive or unreasonable, thus,…
IT JudgementWelcome pronouncement- Amendment vide Finance Act, 2015 in Sec 200A(1) cannot be applied retrospectively to earlier AYs: ITAT18 Jun 20180Amendment vide Finance Act, 2015, introducing clause (c) to Sec 200A(1) cannot be applied retrospectively to earlier AYs: ITAT NEW…
ArticleHuman touch in the Income Tax Act-196118 Jun 20180Like food, shelter & education, Medical expenses have also become an integral part & parcel of life. Income tax Act…
Income TaxNotice on” WhatsApp ” A New Way of servicing notice:16 Jun 20180Notice on WhatsApp Notice on” WhatsApp ” A New Way of servicing notice: What’s up is become very crucial part…
Income TaxEqualisation Levy16 Jun 20180Equalisation Levy Finance Act 2016 covered the concept of equalisation levy on specified services @ 6% of the amount of…
Income TaxTAN Based Login on Income Tax site:16 Jun 20180Recently Government made the option of TAN Based login possible on Income Tax site. The procedure how to register &…