Income Tax

Process of availing immunity of TDS default u/s 201 of the IT Act 3 min read

• Income Tax

Process of availing immunity of TDS default u/s 201 of the IT Act

10 years ago

There is an increase of Defaulting in TDS submissions. And so there is an increase in applications for immunity from accountants. In the cases in... Read More

A summary on Section 234E of the Income Tax Act 2 min read

• Income Tax

A summary on Section 234E of the Income Tax Act

10 years ago

The constitutional validity of Section 234E has been challenged by the different High courts in the cases appearing before them. Fee for default in furnishing... Read More

Revision of Tax Audit Report 2 min read

• Income Tax

Revision of Tax Audit Report

10 years ago

Generally, there is no provision regarding revision of a tax audit report. But if an assessee changes the financial statement, a new tax audit report... Read More

When can reopening of assessment be allowed? 4 min read

• Income Tax

When can reopening of assessment be allowed?

10 years ago

Section 147 of the Income Tax Act, 1961 allows reopening of assessment of income, in case the Assessing Officer believes that any income which is... Read More

Definition Of Service As Per Service Tax Act 2 min read

• Income Tax

Definition Of Service As Per Service Tax Act

10 years ago

Definition Of Service As Per Service Tax Act Service as per Service Tax is described as the action that is taken for consideration and is... Read More

ITAT Delhi explains the scope of proviso to section 2(15) relating to deduction for charitable institutions 5 min read

• Income Tax

ITAT Delhi explains the scope of proviso to section 2(15) relating to deduction for charitable institutions

10 years ago

The ITAT Delhi in the case of Association of State Road Transport vs. CIT – V, Astru Bhawan, Plot No. 4A, PSP Block, Pocket-14, Sector-8,... Read More

All about income tax scrutiny 3 min read

• Income Tax

All about income tax scrutiny

10 years ago

It is practically not possible for the Income Tax Department to make regular assessment of all the returns filed before them in any assessment year.... Read More

Which Accounts can be made subject to Special Audit under section 142(2A) by Assessing Officer? 2 min read

• Income Tax

Which Accounts can be made subject to Special Audit under section 142(2A) by Assessing Officer?

Aditijh 10 years ago

  The amendment in the taxation laws in 1975, brought in to existence the sub-section (2A) to section 142 of the Income tax act of... Read More

Consequences of Non-filing of I.T. Return in Time 2 min read

• Income Tax

Consequences of Non-filing of I.T. Return in Time

Manager 10 years ago

Consequences of Non-filing of I.T. Return in Time If a man escapes a taxable income his income is considered as black money and he is... Read More

Rules for arrest and bail relating to offences as provided in the Finance Act, 2013 2 min read

• Income Tax

Rules for arrest and bail relating to offences as provided in the Finance Act, 2013

Manager 10 years ago

Recently some circulars have been issued regarding the amendments introduced by the Finance Act, 2013, for offences punishable under the provisions of Service Tax, Central... Read More