Income Tax

Impacts of Non-issuance of TDS certificate within time 2 min read

• Income Tax

Impacts of Non-issuance of TDS certificate within time

11 years ago

There is a grievance that often the tax deductors fail to issue TDS certificate in spite of many reminders by the deductee for such issue.... Read More

Filing of Income Tax Return without paying Self Assessment Tax makes it defective 2 min read

• Income Tax

Filing of Income Tax Return without paying Self Assessment Tax makes it defective

11 years ago

Present provisions of section 139(9) of the Income Tax Act: The present provisions of section 139(9) of the Income Tax Act contain the conditions the... Read More

The New Channel of Collecting Information Return for AIR 3 min read

• Income Tax

The New Channel of Collecting Information Return for AIR

Aditijh 11 years ago

The new channel of collecting information in the form of Annual Information Return provided in Section 285BA of the I.T. Act 1961 has come across... Read More

No addition to income can be allowed for unexplained investment based on an unsigned agreement for sale of property 5 min read

• Income Tax

No addition to income can be allowed for unexplained investment based on an unsigned agreement for sale of property

11 years ago

It has recently been held by the ITAT, Hyderabad in the case of R.Nalini Devi vs. Department of Income Tax, (ITA Nos. 930 and 931... Read More

Glimpses of taxation amendments in budget 2015 6 min read

• Income Tax

Glimpses of taxation amendments in budget 2015

11 years ago

Regarding income of all kinds of assessees liable to pay income tax for the assessment year 2015-2016, the rates of income tax have been stated... Read More

Assessing Officers directed to quickly comply with the appeal orders 3 min read

• Income Tax

Assessing Officers directed to quickly comply with the appeal orders

Baisakhi Ganguly 11 years ago

The Central Board of Direct Taxes has recently passed a direction on 07.10.2015 wherein it has been notified that the Assessing Officers of the Revenue... Read More

Article: Penalty u/s. 271(1)(c)- A boon or a curse? 2 min read

• Income Tax

Article: Penalty u/s. 271(1)(c)- A boon or a curse?

Anuj Mathur 11 years ago

India has gone digital from groceries to ITR filing online. However, income tax return registration has become easy; there is a cliché to it. The... Read More

Impacts of Non-issuance of TDS certificate within time 2 min read

• Income Tax

Impacts of Non-issuance of TDS certificate within time

Baisakhi Ganguly 11 years ago

There is a grievance that often the tax deductors fail to issue TDS certificate in spite of many reminders by the deductee for such issue.... Read More

CBDT Instruction regarding Compulsory Manual Selection of Cases for Scrutiny during FY 2015-2016 5 min read

• Income Tax

CBDT Instruction regarding Compulsory Manual Selection of Cases for Scrutiny during FY 2015-2016

Manager 11 years ago

The CBDT (Central Board of Direct Taxes) has issued the above Instruction on August 31, 2015 to lay the parameters for compulsory manual selection of... Read More

Is “mens rea” an essential factor for levy of penalty? 4 min read

• Income Tax

Is “mens rea” an essential factor for levy of penalty?

Baisakhi Ganguly 11 years ago

The debate as to whether “mens rea” is an essential ingredient for levy of penalty has been never ending. It is a common issue as... Read More