Income-tax department is very ridiculously making additions in the assessments which is resulting in heavy demand on the taxpayers. After demand, rigourous recovery action is taken which starts
The Central Board of Direct Taxes ( CBDT ) has directed to communicate that all the CsIT(A) in respective regions be directed that all such pending appeals for
Imran Sherkhan Vs ITOWhether cash deposit made by the assessee in his bank account followed by cash withdrawal of higher amount cannot be disputed by the Revenue to
This has led to bloated tax liability on capital gains and denial of credit for TDS, among other issues. Hundreds of taxpayers are believed to have received notices
F. No. 225/333/2019/ITA-1IGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxes Nor~Block, New Delhi,Dated, the 29 of November, 2019ToAll Pr. Chief-Commissioners of Income Tax/All Pr. Directors
Sowmya V. belongs to 2011 batch of Indian Revenue Service, presently working as Deputy Director of Income Tax, CPC, Bangalore. She has over 8 years of experience in
Reduced rate applicable from current FY; final call on fiscal deficit will be taken at Revised Estimate stage The lower minimum alternate tax (MAT) rate announced as part
Despite the popularity of chit funds in India, the tax treatment of income from this preferred investment option is not too clear Chit funds are still a preferred
Indian tax officials are pushing back against Prime Minister Narendra Modi’s new faceless tax assessment programme, complaining about a lack of consultation and inadequate resources to implement the
Where assessee duly discharged the initial onus of proving the identity of the investors, creditworthiness of the investors and genuineness of the transactions and where notices issued under
