Latest Update

Circular

Penny stock : Tax Effect limit for filing appeal by Revenue Removed

Penny stock : Tax Effect limit for filing appeal by Revenue Removed

Penny stock :  Tax Effect limit for filing appeal by Revenue Removed
Consolidated circular for assessment of Startups by CBDT

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 of...

“Department must not take advantage of ignorance of assessee to collect more tax than what is legitimately due” – Circular issued prior to 1961...

“Department must not take advantage of ignorance of assessee to collect more tax than what...
TDS DUE DATE FOR FILLING 24Q IS EXTENDED

TDS DUE DATE FOR FILLING 24Q IS EXTENDED

TDS DUE DATE FOR FILLING 24Q IS EXTENDED
Conditions on tax compliances of undisclosed foreign income and assets

Conditions on tax compliances of undisclosed foreign income and assets

BMA circular15_2015 Conditions on tax compliances of undisclosed foreign income and assets

IT Judgement

Income from other sources-Fair market value of premium on share-Report of valuer under DCF method-Valuation done by valuer as per mandate of statute

 Income from other sources---Fair market value of premium on share---Report of valuer under DCF method---Valuation...

No addition can be made under Section 68 of the Income Tax Act 1961.

No addition can be made under Section 68 of the Income Tax Act 1961. Dcit, New Delhi vs...

Whether rectification/modification of the order of the Tribunal under section 254 Possible?

Whether rectification/modification of the order of the Tribunal under section 254 Possible? National Mineral Development ... vs...

Cancellation of Registration u/s 12A of the Income Tax Act,1961

Cancellation of Registration u/s 12A of the Income Tax Act,1961 Lilavati Kirtilal Mehta Medical ... vs...

Whether the payment of provident fund and employees state insurance dues deposited by the Assessee within the grace period would qualify for deduction under...

Whether the payment of provident fund and employees state insurance dues deposited by the Assessee...

Notification

Exchange Rates Notification No.88/2019-Customs (NT) Dated 05.12.2019

Exchange Rates Notification No.88/2019-Customs (NT) Dated 05.12.2019
CBDT has amended Rule 114 to facilitate interchangeability of PAN with Aadhaar

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...
TDS DUE DATE FOR FILLING 24Q IS EXTENDED

TDS DUE DATE FOR FILLING 24Q IS EXTENDED

TDS DUE DATE FOR FILLING 24Q IS EXTENDED

Press release

Whether Co-owners of Property receiving rental income can be treated as AOP?

Whether Co-owners of Property receiving rental income can be treated as AOP? Conclusions : Co-owners having definite...

Income from other sources-Fair market value of premium on share-Report of valuer under DCF method-Valuation done by valuer as per mandate of statute

 Income from other sources---Fair market value of premium on share---Report of valuer under DCF method---Valuation...

No addition can be made under Section 68 of the Income Tax Act 1961.

No addition can be made under Section 68 of the Income Tax Act 1961. Dcit, New Delhi vs...

Pre Budget Memorandum for Union Budget 2019 by ICAI

Pre Budget Memorandum for Union Budget 2019 by ICAI

TAX ON PRESUMPTIVE BASIS IN CASE OF CERTAIN ELIGIBLE BUSINESSES OR PROFESSIONS

TAX ON PRESUMPTIVE BASIS IN CASE OF CERTAIN ELIGIBLE BUSINESSES OR PROFESSIONS To give relief to...