Professional Update For the Day: DIRECT TAX: CBDT notifies jurisdiction for Income Declaration Scheme, 2016 Circular No. 19/2016-Income Tax. SCN cannot be issued to debtors until tax liability crystallise –… Read More
Professional Update For the Day: Direct Tax: IT : Merely because creditor could not be traced on… Read More
Professional Update For the Day: Direct Tax: CBDT has granted relaxation of time for submitting Form ITR-V to be filed electronically without attesting digital signature for the Asst. Years from 2009-10 to 2014-2015… Read More
Professional Update For the Day: Direct Tax: CBDT has issued a circular regarding Verification of tax-returns for Assessment Years 2009-2010, 2010-2011, 2011-2012 2012-2013, 2013-2014 and 2014-2015 through EVC which are pending… Read More
Professional Update For the Day: Direct Tax: IT: Taxing of capital gains u/s.50B r.w.s.2 (42C) - sale of undertaking as a going concern for a lump sum consideration - addition made… Read More
Professional Update For the Day: DIRECT TAX: IT: Waiver of levy of interest u/s 234B - Application made u/s 119(2)(a) before CCIT - Chief Commissioners of Income Tax cannot exercise that… Read More
Professional Update For the Day: DIRECT TAX: Disallowance of the deduction claimed u/s 54 - two flats situated on a different story - Held that:- There is nothing in these… Read More
Professional Update For the Day: DIRECT TAX: Now, deductor is liable to furnish of evidence of claims by employee for deduction of tax under section 192 of IT Act, 1961.… Read More
Levy of Service Tax on Services Provided By Government or Local Authority to Business Entities CIRCULAR NO.192/02/2016-ST, DATED 13-4-2016 : Any service provided by Government or a local authority to a… Read More
STARTUP INDIA PORTAL HAS BEEN FINALLY LAUNCHED STARTUP INDIA PORTAL HAS BEEN FINALLY LAUNCHED Information Availability: The portal and mobile app provide up-to- date information on various notifications/ circulars issued by… Read More