Income Tax: What to do When same PAN is allotted to two or more Taxpayers?
The Directorate of Income Tax has noticed the instances of allotment of one PAN to two persons and in rare cases even to more than two persons have...
![Income Tax: CBDT relaxes ‘residency rule’ for NRIs, if forced stay in India due to COVID-19 resulted in Double Taxation [Read Circular]](https://www.taxscan.in/wp-content/uploads/2021/03/NRI-CBDT-Income-Tax-COVID-Double-Taxation-Residency-Status-Taxscan.jpg "Income Tax: CBDT relaxes ‘residency rule’ for NRIs, if forced stay in India due to COVID-19 resulted in Double Taxation [Read Circular]")
![CBDT again extends Deadline for filing declaration under Vivad Se Vishwas Scheme [Read Notification]](https://www.taxscan.in/wp-content/uploads/2021/02/Vivad-Se-Vishwas-Scheme-CBDT-Income-Tax-Department-Amnesty-Scheme-VSVS-Extended-Taxscan.jpg "CBDT again extends Deadline for filing declaration under Vivad Se Vishwas Scheme [Read Notification]")
![Provisions relating to Book Profit not applicable when there is No Income Tax payable on Normal provisions of the Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/Provisions-Book-Profit-income-tax-normal-provisions-of-the-Act-ITAT-Taxscan.jpg "Provisions relating to Book Profit not applicable when there is No Income Tax payable on Normal provisions of the Act: ITAT [Read Order]")
Interest received on delayed Compensation for Compulsory Land Acquisition exempted from Income Tax: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) Chennai, has ruled that interest received by the assessee towards delayed payment of compensation for compulsory acquisition of land is akin to compensation...
![Interest received on delayed Compensation for Compulsory Land Acquisition exempted from Income Tax: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/Compensation-Compulsory-Land-Acquisition-exempted-from-Income-Tax-ITAT-Taxscan.jpg "Interest received on delayed Compensation for Compulsory Land Acquisition exempted from Income Tax: ITAT [Read Order]")
Budget 2021: Transaction Taxable under Income Tax are not liable for Equalisation Levy [Read Finance Bill]
The Finance Minister Nirmala Sitharaman has clarified in the Budget 2021 speech that, Transaction Taxable under Income Tax are not liable for Equalisation Levy. She also said that, In order to...
No Income Tax applicable on receipt of Software License Fees from Indian subsidiary: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench held that no income Tax applicable on receipt of software license fees from an Indian subsidiary. The assessee, SCA Hygiene Products AB is a...
![No Income Tax applicable on receipt of Software License Fees from Indian subsidiary: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/01/Income-Tax-receipt-of-software-license-fees-Indian-subsidiary-ITAT-Taxscan.jpg "No Income Tax applicable on receipt of Software License Fees from Indian subsidiary: ITAT [Read Order]")
