CBDT has notified new Rule 10CB which prescribes computation of Interest pursuant to the Secondary Adjustment & the Time Limit for repatriation
The Safe Harbour Rules have recently been revised.
Disclosure requirements as per ICDS
The Black Money Assets Valuation
Hello. A small article by me highlighting few benefits to Individuals when they file their Income Tax Return. Comments / suggestions welcome.
This Articles tracks and specifies the new section inserted in the ITR6 form for Companies
Cases Where Depreciation Is Allowed, Though Asset Is Not Owned By The Assessee
Where any person who is liable for tax audit u/s 44AB of the Act needs to report cash transaction in form 61A
ITR filing time is right there on the door so let’s understand what is the difference between the two very similar ITR forms….
We will discuss the significant changes made in the ITR forms applicable for AY 2017-18 vis-a-vis AY 2016-17 in this article.
We will discuss each type of assessment as provided in income tax act 1961 in detail in this article.
Delay in filing of application for compounding of offences is not valid ground for rejection of application for compounding of offences u/s 279
Notification No. 37/2017 dated 11th May, 2017 issued by Department of Revenue, Ministry of Finance, GOVERNMENT OF INDIA:-
There will be a change in Valuation Mechanism relating to valuation of unquoted equity shares for the purposes of section 56 and section 50CA of the Income-tax Act, 1961 as per Draft rules issued by CBDT.
All TCS Provision such as Rates of TCS, Exemption from TCS, Due date for deposit of TCS, Due date for Filing TCS Returns, Interest on late deposit of TCS etc.
Quick glance at new sections inserted in IT Act 1961 with examples
Where any payment is to be made to a non resident, the payer is obliged to deduct at source. As per Section 195 of the Income Tax Act, an obligation on the pers
TDS defaults when amount is payable to a residenti
DISALLOWANCE IN RESPECT OF TDS DEFAULT ON PAYMENT TO NONRESIDENT/FOREIGN COMPANY
The Finance Act 2016 has introduced a new presumptive income scheme for professionals by inserting a new section 44ADA into the Income Tax Act, 1961.
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