#income-tax

Income Tax Income Tax Latest 

ITR 1 and ITR 4 notified for the AY 2020-21

January 5, 2020 Taxcharcha 0 Comments #cbdt, #income tax forms notified, #income-tax, #ITR 1 and ITR 4 notified, #ITR form for AY 2020-21, #tax charcha, #tax charcha.com, #taxcharcha.com, taxcharcha

In a surprising move by the Income Tax Department, the ITR 1 and ITR 4 have been notified for the

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Income Tax Income Tax Latest 

Rupay enabled Debit card and UPI notified as prescribed mode of payment under section 269SU

December 31, 2019 Taxcharcha 0 Comments #BHIM UPI, #income-tax, #notification 105/2019 income tax, #rule 119AA, #rupay debit card, #section 269SU, #tax charcha, #tax charcha.com, #taxcharcha.com, #UPI, taxcharcha

With effect from 1st January 2020, every person carrying on business, if his total sales, turnover or gross receipts, as

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Income Tax Income Tax Latest Recent Case Laws 

Where the assesse has made the FDR out of borrowed funds, the interest on such FDRs cannot be added back by invoking the provisions of section 57(iii) of the Income Tax Act, 1961 – ITAT Delhi

December 13, 2019 Taxcharcha 0 Comments #case law in december 2019, #case law in favor of assessee, #case law on section 14A, #case law on section 57(iii), #cbdt, #income-tax, #tax charcha.com, #taxc harcha, #taxcharcha.com, taxcharcha

Crux : Where the assesse has made the FDR out of borrowed funds, the interest on such FDRs cannot be

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Income Tax Income Tax Latest Recent Case Laws 

Where no satisfaction note in the searched persons proceeding recorded separately, the jurisdiction assumed u/s 153C in the case of the assessee is not in accordance with provisions of section 153C – ITAT Delhi

December 11, 2019 Taxcharcha 0 Comments #ACIT vs M/s Gracious Projects Pvt Ltd., #cbdt, #income-tax, #ITAT Delhi, #search and seizure, #section 153C, #section 153c case law, #section 153c case law in favor of assessee, #tax charcha, #tax charcha.com, #taxcharcha.com, taxcharcha

To download the complete order, click here  ITA No.1720-Del-2015-ACIT vs. Gracious Project Pvt. ltd.

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Income Tax Income Tax Latest Recent Case Laws 

Where the order is passed ex parte making an addition of Rs. 6 Lacs, the case is remanded back to CIT(A) directing it to provide final opportunity of being heard to the assessee

December 11, 2019 Taxcharcha 0 Comments #case law for income escapement, #case law for opportunity not give of being heard, #case law in favor of assessee for section 148, #income-tax, #section 147, #section 148, #tax charcha, #tax charcha.com, #taxcharcha.com, #Vipul vs ITO ITA 5897/Del/2018 (Order dated 11.12.2019), taxcharcha

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Income Tax Income Tax Latest Recent Case Laws 

Where the notice issued u/s 271(1)(c) read with section 274 of the act does not specify whether the penalty is for concealment of income or for furnishing of inaccurate particulars of income, the same is bad in law and no penalty can be levied.

December 11, 2019 Taxcharcha 0 Comments #271(1)(c), #case law for concealment of income, #cases in favour of assesse for concealment of income, #cbdt, #concealment of income, #income-tax, #ITAT case law, #ITAT mumbai, #tax charcha, #tax charcha.com, #taxcharcha.com, taxcharcha

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Income Tax Latest 

CBDT notifies Form 26QD and Form 16D for TDS under section 194M

November 20, 2019 Taxcharcha 0 Comments #form 16D, #form 26QD, #income-tax, #india, #section 194M, #section194M, #tax charcha, #tax charcha.com, #tax deduction at source, #taxcharcha.com, #tds, taxcharcha

The Central Board of Direct Taxes (CBDT) has notified the Form 26QD and Form 16D for the TDS deduction and

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Blogs Income Tax Latest 

All about National E-Assessment Scheme

October 7, 2019 Taxcharcha 0 Comments #e-assessment, #e-assessment scheme, #income-tax, #national e assessment scheme, #scrutiny under income tax, #tax charcha, #tax charcha.com, #taxcharcha.com, taxcharcha

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Income Tax Latest 

Notification no 63/2019-Cost Inflation Index for FY 2019-20

September 15, 2019 Taxcharcha 0 Comments #cost inflation index, #cost inflation index for capital gain, #income-tax, #tax charcha, #tax charcha.com, #taxcharcha.com, taxcharcha

Central Board of Direct Taxes has notified the cost inflation index for the FY 2019-20 which is 289 vide notification

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Income Tax Latest 

Notification no. 62/2019 – Giving effects to E assessment scheme 2019

September 15, 2019 Taxcharcha 0 Comments #e-assessment proceedings, #income-tax, #notification no. 62/2019, #tax charcha, #tax charcha.com, #taxcharcha.com, taxcharcha

To give effect to the E-assessment scheme, the Central Board of Direct Taxes has notified the notification no. 62/2019 to

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