INTEREST INCOME SHOULD BE SHOWN IN RETURN EVEN FORM 15G/15H FILED
Interest income should be shown in Return even Form 15G/15H filed Central Board of Direct Taxes (CBD...
Withholding Tax in India: A Tax Deduction at source
Withholding tax means the tax deducted at source by the payer of income. It is also called retention...
AO cannot sit in the chair of the businessman and direct him to do business in a particular fashion
ITAT Visakhapatnam in a recent judgment has ruled that Assessing Officer cannot sit in the chair of...
Tax Collected at Source in India: Rates & TDS Difference
Tax Collected at source (TCS) is governed by Section 206C of Income Tax Act, 1961 in India. A person...
Mere hiring of vehicle without any risk associated with the carriage of goods not a contract liable to TDS u/s 194C(2)
Mere hiring of vehicle without any risk associated with the carriage of goods does not amount to car...
Assessment u/s 263 based on judgement delivered after the date of original assessment bad
Assessment in pursuance of order u/s 263 based on a judgement subsequent to the date of original ass...
Disallowance u/s 14A/Rule 8D upheld where major part of partners capital, bank and unsecured loans were stuck up in receivables
In a recent judgment, ITAT, Amritsar has upheld the disallowance u/s 14A read with Rule 8D where ma...
Cancellation of Charitable Trust Registration u/s 12AA for Bogus Donation Entries without evidence
In a recent order, ITAT Lucknow has quashed an order cancelling registration u/s 12AA of a charitabl...
House rent addition on notional basis u/s 23 for unrealised rent upheld when property was not vacant
In a recent judgment Chennai ITAT has upheld the addition made for notional house rent under the pro...
When bye-laws was amended, society was entitled to registration u/s 12AA from the date of establishment
In a recent judgment, ITAT Chennai has held that when the amendment was made in the . of the so...