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No Due Date Extension..?? CBDT asks to file IT Returns and Tax Audit Reports before 30th September

Taxscan Team

The Central Board of Direct Taxes ( CBDT ) today directed the companies and other persons whose accounts are required to be audited to submit their...

Father’s Name not Mandatory in PAN for Children of Single Parents: Govt proposes Amendment in PAN...

No Further Extension: Income Tax Dept cautions Taxpayers to file Returns by 31st Aug

Company Registered under Registration of Companies Act Sikkim is ‘AoP’ for Income Tax Purpose: ITAT...

GoDaddy liable to pay Income Tax on 40 Crore Rupees received as Royalty: ITAT [Read Order]

No Due Date Extension for Income Tax Return Filing: CBDT [Read Circular]

The Central Board of Direct Taxes (CBDT), today clarified that the rumors spreading across in social media regarding extension in due date for non-tax audit cases is fake. The Income Tax department...

Non-Residents need to furnish Unique Number in Advance Ruling Forms: CBDT Notifies Amended Form [Read Notification]

The Central Board of Direct Taxes (CBDT) has amended the Form for Advance Ruling wherein it was mandated that the non-residents have to furnish their unique number in the application in order to prove...

CBI Court sentenced Former Addl CIT in a Bribery Case

The Special Judge for CBI Cases, Mumbai (Maharashtra) has sentenced Smt. Sumitra Banerjee, then Additional Commissioner of Income Tax, Thane (Maharashtra) to undergo five years Rigorous Imprisonment...

NOIDA is not a Local Authority, No Tax Relief: Supreme Court [Read Judgment]

A two-judge bench of the Supreme Court has held that the New Okhla Industrial Development Authority ( NOIDA ) is not covered by the definition of local authority as contained in Explanation to Section...

No Income Tax on Sale of Carbon Credits: ITAT [Read Order]

The Bengaluru bench of the Income Tax Appellate Tribunal ( ITAT ) recently held that the Sale of Carbon Credits would not attract Income Tax as the same constitute a capital receipt under the Income...

ITAT slams Revenue Officials for committing Mistakes [Read Order]

The Hyderabad bench of ITAT in ‘DCIT v. Shashikala Ramkumar’ slammed the Revenue officials for making additions erroneously and making an appeal on irrelevant grounds. The assessee Shashikala...

Scraps generated in normal course of Business must be treated as part of Business Income: ITAT [Read Order]

The Hyderabad bench of the Income Tax Appellate Tribunal ( ITAT ) recently held that the scraps generated in the normal course of business must be treated as part of business income under the Income...

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