Income Tax Files

Range : All 1 yr 6 months 30 days 1 week

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Income Tax Comparison for 2020 21 Old & New Scheme

Income Tax Comparison for 2020 21 Old & New Scheme

This is an easy reference to compare the tax liability under old scheme and new scheme of Income tax, opting for reduced rate of tax liability ...

Posted on 29 April 2020 (Downloads: 869) Income Tax

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Clarification in respect of Residency under 6 of Income Tax

CBDT has clarified on how the residential status shall be determined for person stuck in India due to COVID-19...

Posted on 11 May 2020 (Downloads: 119) Income Tax

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Revised TDS & TCS Rate Chart from 14 May 2020 to 31st March 2021

Revised TDS & TCS Rate Chart from 14 May 2020 to 31 March 2021...

Posted on 18 May 2020 (Downloads: 729) Income Tax

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True and Full Disclosure - A Fetter on the power of the AO to reopen

Article on the discussion regarding Proviso to S. 147 of the Income Tax Act including reference to the recent judgment of NDTV vs. DCIT [2020] 116 taxmann.com 151 (SC)....

Posted on 18 May 2020 (Downloads: 116) Income Tax

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269SU: Mandatory facilitating of accepting payments through electronic modes

CBDT issues clarification with respect to the prescribed electronic modes under section 269SU of the Income-tax Act, 1961 vide Circular No.12/2020 dated 20th May, 2020....

Posted on 22 May 2020 (Downloads: 156) Income Tax

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Guided by â€œSabka Saath, Sabka Vikas, Sabka Vishwasâ€, the Finance Minister Smt. Nirmala Sitharaman had introduced a new No Dispute but Trust Scheme â€“ â€˜Vivad Se Vishwasâ€™ in the Budget 2020 in the Lok Sabha on 5th February, 2020. Expectations are t...

Posted on 27 May 2020 (Downloads: 146) Income Tax

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Section 194N- TDS on Cash Withdrawal

I have compiled all the relevant provisions and latest amendment of Section 194N which deals with TDS on Cash Withdrawal. The impact of latest 13.05.2020 press release of 25% TDS rate reduction is also covered in this. ...

Posted on 22 May 2020 (Downloads: 415) Income Tax

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TDS & TCS Revised Rate 2020-21 (a.y.2021-22)

TDS & TCS revised rate for 2020-21 (A.Y.2021-22)...

Posted on 27 May 2020 (Downloads: 1117) Income Tax

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CBDT Notification 23/2020

Procedure to be followed by assessed when he considers that action of tax authority is not in accordance with Mutual Agreement Procedure...

Posted on 27 May 2020 (Downloads: 100) Income Tax

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Validity of CBDT circular incentivising CIT(A) to pass orders in a particular manner

Validity of CBDT circular incentivising CIT(A) to pass orders in a particular manner...

Posted on 25 April 2019 (Downloads: 151) Income Tax

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Provisions relating to payment of advance tax

Provisions relating to payment of advance tax...

Posted on 27 April 2019 (Downloads: 593) Income Tax

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Concise provision for Leave Travel Allowance

Concise provision as per Sec 10(5) read with Rule 2B of Income tax act 1961 Employee fulfil these conditions to avail the benefit of related section of income tax act....

Posted on 16 May 2019 (Downloads: 300) Income Tax

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Guidelines for Compounding of Offences under Direct Tax Laws, 2019

Guidelines for Compounding of Offences under Direct Tax Laws, 2019...

Posted on 17 June 2019 (Downloads: 471) Income Tax

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India TP Controversies and TP Audit Process - 20Jun19

While the season for transfer pricing audits, is coming up, just thought to share some information on common TP controversies being faced by the Indian taxpayers alongwith the routine India TP audit process. The purpose is to make aware, about the risk ar...

Posted on 24 June 2019 (Downloads: 175) Income Tax

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