Due to outbreak of the Covid-19 pandemic, there is severe disruption in the normal working of almost all sectors. To mitigate the hardships of … [ Read more ]
With a view to redress genuine hardship faced by the deductors due to the severe disruption of normal life and breakdown of communication systems … [ Read more ]
Sub-section (1C) of section 197A of the Income-tax Act, 1961 (the Act) read with rule 29C of the Rules, inter alia, provides that no deduction of … [ Read more ]
Section 12A of the Income-tax Act, 1961 (the Act) provides for conditions for applicability of Sections 11 and 12 of the Act. One such … [ Read more ]
The Central Board of Direct Taxes (CBDT) has entered into 2 Bilateral Advance Pricing Agreements (APAs) during the month of November, 2017. These Agreements … [ Read more ]
The Central Board of Direct Taxes (CBDT) told the Supreme Court that there has been a substantial hike in the assets of seven Lok … [ Read more ]
The Income Tax Department launched an app that allows entities track TDS, pay taxes and apply for permanent account number (PAN).It will also help … [ Read more ]
The CBDT has notified revised income tax scrutiny notices that will allow taxpayers to conduct their business with the taxman over the Internet without … [ Read more ]
In order to reduce transfer pricing disputes, to provide certainty to taxpayers, to align safe harbour margins with industry standards and to enlarge the … [ Read more ]
Section 285BA of the Income-tax Act, 1961 requires furnishing of a Statement of Financial Transaction (SFT) for transactions prescribed under Rule 114E of the … [ Read more ]
India clinched the compound team gold medal to conclude their Archery World Cup Stage 1 campaign in Shanghai on 21st May, 2017. Shri Abhishek … [ Read more ]
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