Income Tax

Cameron Pte Ltd (Singapore) vs. ADIT (ITAT Jaipur) Case – Notice Under 143(2) must be Served Within the Specified Time Before the Expiry of the Restricted Period 3 min read

• Income Tax

Cameron Pte Ltd (Singapore) vs. ADIT (ITAT Jaipur) Case – Notice Under 143(2) must be Served Within the Specified Time Before the Expiry of the Restricted Period

Diksha Garg 7 years ago

The notice under the provisions of section 143(2) of the Income tax Act is issued when the Assessing Officer (AO) evaluates the tax return submitted... Read More

PROCEDURES TO BE FOLLOWED FOR ANY OBJECTION AGAINST THE NOTICE ISSUED UNDER SECTION 148 2 min read

• Income Tax

PROCEDURES TO BE FOLLOWED FOR ANY OBJECTION AGAINST THE NOTICE ISSUED UNDER SECTION 148

Diksha Garg 7 years ago

Any taxpayer, who is aggrieved by the issuance of notice against him under section 148 and feels that such proceedings are unwarranted, can file objections... Read More

NOTICES UNDER SECTION 148 OF INCOME TAX AND COMMON MISTAKES MADE BY TAXPAYERS IN FILLING RETURN AGAINST SUCH NOTICE 3 min read

• Income Tax

NOTICES UNDER SECTION 148 OF INCOME TAX AND COMMON MISTAKES MADE BY TAXPAYERS IN FILLING RETURN AGAINST SUCH NOTICE

Diksha Garg 7 years ago

Are you the one who has got the notice under section148? Are you confused how to file your return? In this article read about Notices... Read More

Treatment of Business Expenses related to Relative or person with substantial Interest 3 min read

• Income Tax

Treatment of Business Expenses related to Relative or person with substantial Interest

Diksha Garg 7 years ago

There is an involvement of so many people when you start up your own work as a Freelancer. Your Financial Independent goal is mostly supported... Read More

Life Not Easy for TaxPayers, – Tax Terrorism must go 5 min read

• Income Tax

Life Not Easy for TaxPayers, – Tax Terrorism must go

Diksha Garg 7 years ago

In today’s times in our country, small taxpayers are highly burdened by the compliance and it is high time that they are eased. A taxpayer... Read More

Assessing Officer Can select Any Return for Inspection after obtaining CCIT Consent- M/s Brothers Sisters Enterprise vs. JCIT (ITAT Kolkata) Case 2 min read

• Income Tax

Assessing Officer Can select Any Return for Inspection after obtaining CCIT Consent- M/s Brothers Sisters Enterprise vs. JCIT (ITAT Kolkata) Case

Diksha Garg 7 years ago

CBDT Guidelines for the analysis of Cases: Law establishes as to how the CBDT `1. As per the Guidelines for Income tax Investigation, the AO is authorized... Read More

Notification clarifying ‘genuine’ transactions for nil capital gains when no STT is paid 3 min read

• Income Tax

Notification clarifying ‘genuine’ transactions for nil capital gains when no STT is paid

Diksha Garg 7 years ago

CBDT or Central Board of Direct Taxes recently released a notification that the transactions which under the Section 10(38) of the Income Tax Act of... Read More

Income Tax – Change of Assessing Officer and its Jurisdiction 3 min read

• Income Tax

Income Tax – Change of Assessing Officer and its Jurisdiction

Diksha Garg 7 years ago

Filing of income tax return is the statutory duty of every citizen of the country. In this regard assessee needs to interact with the income... Read More

Around 300 IT Commissioners Transferred Across the Country in a Major Reshuffle 2 min read

• Income Tax

Around 300 IT Commissioners Transferred Across the Country in a Major Reshuffle

Diksha Garg 7 years ago

To fine tune the working of the Income Tax Dept, this step was taken. The list of all the transfers made is personally investigated thoroughly... Read More

Industrial Leased property Rental Income- What is CBDT stand on it 3 min read

• Income Tax

Industrial Leased property Rental Income- What is CBDT stand on it

Rebecca Ghomes 8 years ago

The Central Board of Direct Taxes (CBDT) has cleared the air on taxation on Industrial Leased property Rental Income for letting out industrial leased property... Read More