reasons for reopening

Reasons for Reopening of Assessment or Disposing the Objection by Assessee is a Must...

It often happens that assessing officer issues notice u/s 148 for reassessment . These notices for reassessment , almost always, do not contain any...
Penalty

No Penalty if Return After Survey u/s 133A is Accepted by A.O!

Penalty imposition by assessing officer in a case selected for scrutiny after conducting survey u/s 133A is routine affair. However, times and gains ,...
DVO report

Can DVO report be basis for reassessment u/s 147?

It is routine for the assessing officer  to refer the valuation of a property to DVO during the assessment proceeding. As is the norm,...
agriculture land

TDS is Applicable on Interest on Delayed Agriculture Land Acquisition Payment

It is clear that agriculture land does not come within purview of section 194LA of the Income Tax Act .However, when the interest is...
shipping income

Shipping Income by UAE Residents Tax Free in India!

The casual shipping business income of non-residents are charged to tax under Section 172 of the Income Tax Act which apply for the purpose...

Section 194J :Fees for professional or technical services

Fees for professional or technical services.(1) Any person, not being an individual or a Hindu undivided family, who is responsible for paying to a...
Contempt Proceedings

Personal Cost & Contempt Proceedings on Departmental Representative by ITAT

The income tax department losses most of its appeal cases before ITAT or High Court.s Even though major reason for such loss is bad...
section 172

Section 172: Interest u/s 244A Allowed on Refund of Tax !

Section 172 is the presumptive taxation scheme for Non Residents who have causal  income from shipping business under which a ship is not let...
education_cess

No Education Cess if DTAA Rate Applicable !

The education cess  was introduced from Assessment Year 2005-06 vide Finance Act 2004 by which an additional tax was imposed computed on the basis...
penalty

Penalty:Supreme Court Sets 4 Major Principles !

Penalty u/s 271(1)© of the Income Tax Act is initiated  by assessing officer , usually when he makes addition while computing total income in...

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