Professional Update For the Day: DIRECT TAX: Income Tax: Disallowance of profit in the sale of agriculture land - whether the transaction in property by assessee-company should not be treated… Read More
Direct Tax: Professional Update For the Day: Domestic black money to be declared to jurisdictional principal CIT or CIT: CBDT clarifies No disallowance could be made on estimated basis without… Read More
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