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Late Filers can still submit their Income Tax Returns till 31st March with a Late Fee of Rs. 10,000: CBDT
The Central Board of Direct Taxes ( CBDT ) has informed that the taxpayers who could not file their income tax returns for A.Y. 2018-19, can still...
![Fund Management activities through Fund Managers registered under SEBI Mutual Funds Regulations not amount to “Business Connection” in India: Govt [Read Notification]](https://www.taxscan.in/wp-content/uploads/2019/03/Fund-Management-SEBI-Taxscan.jpg "Fund Management activities through Fund Managers registered under SEBI Mutual Funds Regulations not amount to “Business Connection” in India: Govt [Read Notification]")
![Mere Suspicion that Expenditure is for Non-Business purposes can’t be Ground for Addition: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/01/Expenditure-Taxscan.jpg "Mere Suspicion that Expenditure is for Non-Business purposes can’t be Ground for Addition: ITAT [Read Order]")
![Manufacture of Herbal Products eligible for Income Tax Deduction: Madras HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2019/03/Deduction-Income-Tax-Calvin-Care-Taxscan.jpg "Manufacture of Herbal Products eligible for Income Tax Deduction: Madras HC [Read Judgment]")
![Delay in Statutory Audit is a Reasonable Cause for late filing of Tax Audit Report: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/01/Audit-Report-Taxscan.jpg "Delay in Statutory Audit is a Reasonable Cause for late filing of Tax Audit Report: ITAT [Read Order]")
![TDS deductible on Salary of Missionaries / Nuns: Madras High Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/07/Revision-Order-Madras-High-Court-Taxscan.jpg "TDS deductible on Salary of Missionaries / Nuns: Madras High Court [Read Judgment]")
Addition for Unexplained Share Capital and Share Premium can’t be made prior to 2013 Amendment: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has held that the addition in respect of share capital and the share premium by treating the same as unexplained cannot be made under...
![Addition for Unexplained Share Capital and Share Premium can’t be made prior to 2013 Amendment: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/04/Share-Premium-ITAT-Taxscan.jpg "Addition for Unexplained Share Capital and Share Premium can’t be made prior to 2013 Amendment: ITAT [Read Order]")
Asset Management Company eligible to Claim Business Deductions after getting Approval from SEBI to Commence Business: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai has held that an asset management company was not eligible to claim business deductions from the day the Securities and Exchange Board of India (SEBI)...
![Asset Management Company eligible to Claim Business Deductions after getting Approval from SEBI to Commence Business: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2019/03/Asset-Management-ITAT-Taxscan.jpg "Asset Management Company eligible to Claim Business Deductions after getting Approval from SEBI to Commence Business: ITAT [Read Order]")
![Non-Tariff Charges Except Cheque Dishonour Fee is exempted from GST: AAAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2019/03/Cheque-Dishonour-GST-AAAR-Taxscan.jpg "Non-Tariff Charges Except Cheque Dishonour Fee is exempted from GST: AAAR [Read Order]")
