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CBDT : Clarifies treatment of telecommunication, freight, etc. for Sec 10A purpose following HCL ruling

CBDT clarifies treatment of freight, telecommunication charges and other expenses/charges specified in Expl 2(iv) to Sec 10A for computation of

Aug 16,2018

Litigation pendency at ITAT falls below 95k, total disposal jumps over 50%

Litigation pendency at ITAT falls below 95k as on August 1st, total disposal jumps over 50% in July’18; Delhi tops

Aug 14,2018

Leading Pune based Chartered Accountant Sanjay Vaidya passes away

Leading Pune based Chartered Accountant Sanjay Vaidya passes away

Aug 07,2018

Issuance of re-assessment notice beyond 6 years reduced substantially: MoS Finance

Minister of State for Finance Shri Shiv Pratap Shukla (‘MoS Finance’), in a written reply in Lok Sabha, updates on

Aug 06,2018

ITAT Bar Association suggests ‘efficacious’ method for consolidating cases considering HC-order in BPTP Ltd

Members of ITAT Bar Association, New Delhi express concern over possible delay in appeal disposal considering Delhi HC direction in

Aug 02,2018

IT Dept. initiates prosecution in over 4000 cases, unearths undisclosed income of over Rs. 15,000 cr. during FY 2017-18

Government of India releases details of prosecution proceedings initiated by the IT Dept. during the last three FYs 2015-16 to 2017-18, in

Aug 01,2018

Loans and deposits of Indians in Swiss Banks reduces significantly by 80.2% - MoS Finance

Minister of State for Finance Shri Shiv Pratap Shukla (‘MoS Finance’), in Written Reply in Rajya Sabha, updates on Indian

Jul 25,2018

IT Dept. attaches over Rs. 4300 cr worth Benami properties as on June 30th – MoS Finance Shiv Pratap Shukla

Minister of State for Finance Shri Shiv Pratap Shukla (‘MoS Finance’), in Written Reply in Rajya Sabha, updates that as

Jul 25,2018

Madras HC allows petitioners to file manual returns sans Aadhaar linking

Madras HC grants relief to petitioners, including lawyers, academicians & environmental activists, allows them to file manual income tax returns

Jul 24,2018

13 Key changes in amended Form 3CD

CBDT amends Form 3CD with effect from August 20th, 2018; Amended Form 3CD seeks details regarding secondary adjustments u/s 92CE, interest

Jul 23,2018

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