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Filing Date for Return & Audit Extended !

The Central Board of Direct Taxes (CBDT) has extended the due date for filing of Income-tax returns as well as the report of audit...

Manual Selection of Scrutiny Cases During Fy 2018-19 Out!

CBDT has issued INSTRUCTION NO.04/2018 , DATED 20-8-2018 by which the selection criteria for the scrutiny cases are fixed. The parameters for selection of...

CASS Scrutiny 2018 Cycle 1 Cases Selected ! Next 20 days are crucial for...

Like every year , CBDT has finalized and run its server to select the Computer Aided Selection of Scrutiny (CASS) for for the tax...

Return Filing Date for Asst Yr 2018-19 Extended !

CBDT , on expected line extended the due date of filing of tax return from 31st July 2018 to 31st August 2018. F.No.  225/242/2018/ITA.II Government...

Quantum Jump in Monetary Limit for Appeals !

CBDT has just issued circular no 3/2018 dt 11/07/2018 by which the department has increased limit for filing appeal before ITAT, High Courts and...

Why SLP Dismissal by Supreme Court is Not Always the End of Litigation on...

Recently Supreme Court dismissed an SLP filed by taxpayers in Home Finders Housing Ltd vs ITO Corporate Ward 2(3)  94 taxmann.com 84 (SC) against the judgment...

Cost Inflation Index for FY 2018-19 Notified !

The government has announced cost inflation index for FY 2018-19 at 280 by  issuing Notification No.26/2018/F.No.370142/3/2018-TPL dt 13th June 2018. So the full table...

GST Council : One Monthly GST Return Only by All Except Composition Dealers

GST Council today in its 27th meeting approved principles for filing of new return design based on the recommendations of the Group of Ministers...

What is Missing in CBDT FAQ on LTCG ?

My attention is drawn from the twitter handle of income tax department about the publication of FAQs on changes in long term capital gains...

GST Commissioner Arrested on Bribery Charges

The Goods and Services Tax commissioner from Kanpur and eight others, including three officials, are arrested on Saturday for running an alleged bribery racket in the...