Do you know the consequences of non-deposit of TDS?
Recently, the Income Tax Department and the CBDT are taking the late payment and non-deposit of TDS very seriously. They have imposed new rules to... Read More
CBDT
IT – Has Directed that Revised Income Return through Condonation Will not be Viewed
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
New Rules on payment of long term capital gains on Non Securities Transaction Tax (STT) Transactions
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
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
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
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
ITAT Amritsar: No Section 269SS Violation for One-Time Cash Payment Before Sub-Registrar 
Tax Officials Unleash Digital Dragnet: How New Raid Powers Redefine Privacy, Property Rights in India and likely to Fuel Corruption 
Income Tax Department Rewards for Reporting Tax Evasion: A Comprehensive Guide 
Forfeiture of Gratuity by Employer- What are the Remedies for an employee- Can employer be challenged?