#income-tax
-
Clarifications on provisions of the Direct Tax Vivad se Vishwas Act 2020
CBDT has released the clarification on various matters related to the applicability and procedures of the Scheme. To download the…
Read More » -
Finance Ministry issues Taxation and other Laws (Relaxation of Certain Provisions) Ordinance, 2020 today
In order to give effect to the announcements made by the Union Finance Minister vide Press Release dated 24.03.2020, regarding several relief…
Read More » -
Finance Act 2020
The President of India has assented the Finance Act 2020 on 27th March 2020. To download the Finance Act 2020,…
Read More » -
Notification No. 02/2020-Central Tax – Rate on maintenance, repair and overhaul (MRO) services in respect of aircraft from 18% to 5% with full ITC
To download the Notification, click here NN 02-2020-CT-Rate
Read More » -
Finance Minister Smt. Nirmala Sitharaman announcements on 24-03-2020
1.The last date for Income tax return for FY 2018-19 shall be extended from 31-03-2020 to 30-06-2020. Interest on delayed…
Read More » -
Restriction of entry into Income Tax Office at Civic Centre, Delhi
In a precautionary measure by the Department, the entry to the Income Tax Office at Civic Centre, Delhi has been…
Read More » -
Forms required to submit for availing benefit under ‘DIRECT TAX VIVAD SE VISHWAS’ Scheme will be available in the e-Filing soon
After the President gives accent to the Direct Tax Vivad Se Vishwas Act, 2020 on 17th March, 2020, the Income…
Read More » -
the provisions of Sec.2(22)(e) were not applicable since the payment was mere reimbursement of expenditure by M/s PHL – ITAT Mumbai
The provisions of Sec.2(22)(e) were not applicable since the payment was mere reimbursement of expenditure by M/s PHL. However, Ld.…
Read More » -
Service of notice upon a dead person under section 142(1) would not authorise him to assume jurisdiction to pass assessment order on the Legal Representatives – ITAT Ahemdabad
It is found that before service of notice under section 142(1), assessee had already expired. His legal heirs did not…
Read More » -
Where the assessee provided all the confirmation of the creditors at the CIT(A) level, the orders of the lower authorities set aside and send back for reconsideration – ITAT Delhi
During the assessment proceedings, the Assessee fails to provide confirmation of 04 creditors and the AO added the whole amount…
Read More »