Tribunal has no power to enhance assessment
0
Tribunal has no power to enhance assessment When the Income Tax Tribunal remands an issue back to the AO for…
Income Tax
Assessee Can file revised return after notice issued u/s 143(2): ITAT
Assessee Can file revised return after notice issued u/s 143(2): Tax benefit claimed by taxpayers in revised income-tax returns cannot…
Penalties in case of delay in filing of return
Penalties in case of delay in filing of return Section 234F New section has been inserted with effect from 1st…
ITAT slams Revenue Officials for committing Mistakes
ITAT slams Revenue Officials for committing Mistakes: The Hyderabad bench of ITAT in ‘DCIT v. Shashikala Ramkumar’ slammed the Revenue…
Frequently Asked Questions on SA 570 (Revised), ‘Going Concern’
Frequently Asked Questions on SA 570 (Revised), ‘Going Concern’ (Applicable for audits of financial year 2017-18) Background As the members…
Tax Audit Checklist
Tax 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”…
Capital gains calculation can be done after considering Interest paid on housing loan as Cost of acquisition
Capital gains calculation can be done after considering Interest paid on housing loan as Cost of acquisition Subhash Bana v.…
Points to Ponder for AY 2018-19 return filling.
In Finance Act 2017 following changes have been made which need to be considered for filling return of assessment year…
Indian Income Tax Return AY 2018-19 ITR-1 SAHAJ
Indian Income Tax Return Person required to file ITR-1 Individual being resident having total income of Rs 50lakhs from following…
Allahabad HC allows manual filing of TRAN-1 in special cases if electronic system doesn’t respond
Allahabad HC allows manual filing of TRAN-1 in special cases if electronic system doesn’t respond National Chemical & Dyes Company…
Let Us ensure, “Mutual Fund Sahi Hai…”
Let Usensure, “Mutual FundSahi Hai…” Many times we heard on Radio, T.V. and read in the news paper regarding Mutual…
Bonus Stripping and Dividend stripping
Bonus Stripping and Dividend stripping Dividend Stripping: Section 94(7) of Income Tax Act 1961 Dividend stripping is buying shares before dividend is declared…
Excessive or unreasonable vis a vis disallowance under section 40A(2)
IT: Where Assessing Officer held that commission paid by assessee company to its director was excessive or unreasonable, thus,…
Welcome pronouncement- Amendment vide Finance Act, 2015 in Sec 200A(1) cannot be applied retrospectively to earlier AYs: ITAT
Amendment vide Finance Act, 2015, introducing clause (c) to Sec 200A(1) cannot be applied retrospectively to earlier AYs: ITAT NEW…
Human touch in the Income Tax Act-1961
Like food, shelter & education, Medical expenses have also become an integral part & parcel of life. Income tax Act…
Notice on” WhatsApp ” A New Way of servicing notice:
Notice on WhatsApp Notice on” WhatsApp ” A New Way of servicing notice: What’s up is become very crucial part…
Equalisation Levy
Equalisation Levy Finance Act 2016 covered the concept of equalisation levy on specified services @ 6% of the amount of…
TAN Based Login on Income Tax site:
Recently Government made the option of TAN Based login possible on Income Tax site. The procedure how to register &…
