Income Tax

Blog, News, Income Tax

August 3, 2022

No Section 194C TDS on FMV of by-product arose from paddy milling: ITAT

Case Details: Assistant Commissioner of … Continue reading “No Section 194C TDS on FMV of by-product arose from paddy milling: ITAT”

Blog, News, Income Tax

August 2, 2022

SC refers matter to larger bench to decide issue whether assessee can challenge certificate issued u/s 197

Case Details: National Petroleum Construction … Continue reading “SC refers matter to larger bench to decide issue whether assessee can challenge certificate issued u/s 197”

Blog, News, Income Tax

August 2, 2022

CBDT reduces time limit to verify ITR from 120 days to 30 days

Notification no. 5/2022, dated 29-07-2022 … Continue reading “CBDT reduces time limit to verify ITR from 120 days to 30 days”

Blog, News, Income Tax

August 1, 2022

Sum disallowed u/s 14A can’t be added to net profit while computing book profit for MAT purposes: ITAT

Case Details: ACIT v. Geometric … Continue reading “Sum disallowed u/s 14A can’t be added to net profit while computing book profit for MAT purposes: ITAT”

News, Blog, Income Tax

August 1, 2022

[Analysis] Obligations to Deduct Tax at Source u/s 194R & CBDT Circular No. 12/2022

Ved Jain – [2022] 140 … Continue reading “[Analysis] Obligations to Deduct Tax at Source u/s 194R & CBDT Circular No. 12/2022”

Blog, Income Tax

October 11, 2024

Guide to Income under the Head Salaries and Its Computation

Table of Contents What do … Continue reading “Guide to Income under the Head Salaries and Its Computation”

Blog, News, Income Tax

July 30, 2022

Income Tax Department conducts search operations on group based in Tamil Nadu

  Press Release, dated 28-07-2022 … Continue reading “Income Tax Department conducts search operations on group based in Tamil Nadu”

Blog, News, Income Tax

July 30, 2022

No penalty for non-deduction of tax at year-end if amount payable to payees wasn’t identifiable: ITAT

Case Details: ACIT v. Parsons … Continue reading “No penalty for non-deduction of tax at year-end if amount payable to payees wasn’t identifiable: ITAT”

Blog, News, Income Tax

July 29, 2022

HC validates issue of Sec. 148 notice as income in Form 26AS is higher than income disclosed in P&L account

Case Details: Distributors India C … Continue reading “HC validates issue of Sec. 148 notice as income in Form 26AS is higher than income disclosed in P&L account”

Blog, News, Income Tax

July 29, 2022

CBDT notifies procedures for allotment of PAN to an LLP

Notification No. 04/2022, dated 26-07-2022 … Continue reading “CBDT notifies procedures for allotment of PAN to an LLP”