Cost Inflation Index has become the every country’s matter of concern in these fluctuating economic conditions. So far India is concerned, the country is constantly experiencing... Read More
Reassessment of income as the word suggests is assessing the income of an assessee again even when the assessment has taken place earlier. Such reassessment... Read More
Negative List Of Services As Introduced In Year 2012’s Budget : A new concept of negative list for service tax was announced in the year... Read More
Can penalty under section 234E of the Income Tax act be waived of under any circumstances?
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If a tax payer is charged with a penalty according to the provisions of section 234E of the Income Tax Act, the same has to... Read More
Continued from Provision Of Reassessment Under Income Tax Act 1961- PART I Case Situation 3 In case, the assessee has to file u/s 92 E reports against... Read More
The ITAT at Amritsar in the case of Sibia Healthcare Private Limited St No. 8, Ajit Road, Bhatinda 151 001 (TAN – PTLS15043A) (Appellant) vs.... Read More
The Hon’ble High Court at Karnataka on 13.7.15 has held that the provisions of section 54F are beneficial in nature and should be interpreted liberally.... Read More
Any failure on the part of a deductor in filing of TDS returns or statements or late filing of TDS returns or statements shall attract... Read More