No need to attach “Proof of Withdrawal ” in Form 4 of Vivad...
Have you applied for the settlement of your dispute under The Direct Tax Vivad SeViswas Act, 2020? If yes, then once you...
If Assessee Files Appeal before Tribunal, Time Limit for Passing Penalty Order Gets Extended!
It happens all the time. The AO passes an order, and you file an appeal. As is customary, the AO also...
Is interest to NBFC in the first year allowable under I.T.Act paid when the...
Under the Income Tax Act, section 36(1)(iii) regulates the allowance of deduction of interest while computing profit of the business. Section 36(1)(iii) ...
10 takeaways from FAQ issued by the CBDT on Vivad se Vishwas Scheme
Lok Sabha passed THE DIRECT TAX VIVAD SE VISHWAS BILL, 2020 and CBDT released answers to 55 frequently asked questions related...
Restriction u/s 54F for More than One House Purchase Not Applicable for Adjacent Houses
Section 54 or section 54F of the Income Tax Act deals with the exemption from long term capital gains on an investment...
Good News For Trust- Delay in Form 10 Condoned for Asst Yr 2017-18
The rule of filing the form 10 or form 9A electronically was introduced from Asst Yr 2016-17 vide Finance Act 2015...
Tax Planning : One Simple Way to Prevent TDS on Buying Property
Are you planning to buy property -land or flat or building? In that case , now tax burden is not just of...
From Asst Yr 2017-18, Assessee Can Apply to AO for Immunity from Penalty &...
In my previous post 11 New Penalty RulesThat Affect Assessments for AY 2017-18 , I had indicated that Finance Act 2016 provided...
11 New Penalty RulesThat Affect Assessments for AY 2017-18
The assessment orders pertaining to assessment year 2017-18 will surely have penalty initiation by the assessing officers....
Huge Relief from Prosecution to Taxpayers
The government is taking a lot of steps in the direction to lessen the fear and harassment of taxpayers. So, the law...