CBDT

IT – Has Directed that Revised Income Return through Condonation Will not be Viewed 2 min read

• Income Tax

IT – Has Directed that Revised Income Return through Condonation Will not be Viewed

Diksha Garg 8 years ago

Revised Income Return through the process of condonation does not imply its content acceptable: The case: The court has to decide whether it comes under... Read More

New Rules on payment of long term capital gains on Non Securities Transaction Tax (STT) Transactions 3 min read

• Income Tax

New Rules on payment of long term capital gains on Non Securities Transaction Tax (STT) Transactions

Akanksha 8 years ago

Prior to amendments in The Finance Act 2017 U/S 10(38), income arising from sale of long term capital asset being equity shares of a company shall be exempt if... Read More

Cash deposits from Nov 09, 2016 to Dec 30, 2016 – CBDT’s Notification 2 min read

• Income Tax

Cash deposits from Nov 09, 2016 to Dec 30, 2016 – CBDT’s Notification

Akanksha 8 years ago

With the demonetisation drive going strong across the country, CBDT today notified about the compulsory quoting of PAN for all cash deposits exceeding Rs. 50000/-... Read More

CBDT issues Advisory to Deductors of TDS to validate section 197 Certification 2 min read

• Income Tax

CBDT issues Advisory to Deductors of TDS to validate section 197 Certification

Manager 8 years ago

The Central Board of Direct Taxes has issued an advisory wherein it has been pointed out that cases of huge default of ‘Short Deduction’ have... Read More

Income Tax Scrutiny Aspects In India 3 min read

• Income Tax

Income Tax Scrutiny Aspects In India

Manager 10 years ago

In general, income tax department cannot assess all the income tax returns filed in one financial year. Hence, normally random scrutiny for assessing the assessee... Read More