In this article, an attempt has been made to analyze the provision whether this section is applicable to government departments.
An article on major changes in income tax for FY 2017-18/ AY 2018-19
This appears that the Govt. has chosen to ignore or not consider as relevant the recommendations of the Expert Committee formed by it.
Income Tax Department ask assessee to update their information
Onus shifted from payer to recipient of cash
Amendment is a legislation of Judicial precedents
CBDT has proposed to introduce a mechanism of self-reporting of income estimates, advance tax liability and payment thereof. CBDT has published draft notificati
44ADA: Special provision for computing profits and gains of profession on presumptive basis
Due to amendment in Finance Act, 2016, applicability of Tax audit in cases where turnover < 1 crore and net profit < 8%, tax audit is not applicable
Sample Disclosure as per Income Computation and Disclosure Standards for reporting in Tax Audit report for FY 2016-17.
1. Taxation of Capital Asset under Development Agreement with Builder - In recent past, it has quite been a trend that individual plot/house owners enter in
One of the most controversial economic issues in the last five years was the tax dispute between Vodafone and the tax department.
80JJAA: Deduction of 30% in respect of employment of new employees (TAX PALNNING)
Pan card for NRI: • PAN Card is required by an NRI if that NRI has got a taxable income in India.
Some unanswered thoughts on General Anti-Avoidance Rules
CRITICAL ANALYSIS OF THE AMENDMENT RELATING TO SECTION 132 OF INCOME TAX : REVIVAL OF TAX TERRORISM?
Once, PAN is de-activated by department, income tax e-filing login of assessee also gets blocked.This article will explain you all the steps to activate your PAN again.
The Government of India regularise the Income tax Act to cover all the income earned by Residents through their business activities and properties under the tax
Taxability of bonus in the hands of the members, received from the co-operative society
Refund process under the Income tax becomes more stricter than earlier through the amended Section 143 (1) A of the Income Tax Act, The Income tax department is
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