Applicants for PAN are required to provide the AO code in their application.The AO Code is a combination of Area Code, AO Type, Range Code and AO Number.List of A.O Code for Haryana & Himachal Pradesh is given below The list of AO codes given below is to help the PAN applicant to choose the AO [...]
Scrutiny of the case is done by officer of the rank of Income Tax Officer (ITO ) and Assistant Commissioner of Income Tax (ACIT) ot Deputy Commissioner of Income tax. The jurisdiction has been distributed among these ranks as per return income. As per CBDT instruction , generally the ITOs have jursidiction over cases where return income is below Rs 10 lakhs whereas the jurisdcition of ACIT/DCIT are on all kinds of cases without any limit if return income.
Yes, under transfer pricing mechanism , there is scope of notional interest taxation. This is held by Delhi bench F in Perot Systems TSI ( India) Ltd. vs. DCIT, ITA No. 2320 to 2322/Del/08, Delhi Bench ‘F’ order dated 30.10.2009. Facts of the case The aseessee, an India company, advanced interest free loans to its 100% foreign subsidiaries....
My mother has a agriculture land within municipal limit of the city and about to sell it for 6cr. The agriculture land came to her via a will which was done by my grandmother in 1979. After grandmother died the land was transferred to my mothers name in 1999. She has been the owner for