Income Tax : Discover if the 20% pre-deposit for tax disputes is always mandatory or if there are exceptions. Learn about discretionary powers ...
Income Tax : The CBDT implements the interim budget's historic announcement of waiving old tax demands up to specified amounts for certain fina...
Income Tax : Discover the implications of sections of the Income Tax Act, 1961, and articles of the Constitution of India in tax assessments an...
Income Tax : India's Income Tax Act of 1961 governs the taxation of income in India. Income tax is levied on income earned by various kinds of ...
Goods and Services Tax : Extra income tax demands may be triggered if certain entries reflected in GSTR 2A are not taken in GSTR 3B. Learn how to address t...
Income Tax : KSCAA Representation regarding adjustments (over and above 20% of disputed demand) by CPC despite assessments pending before first...
Income Tax : Grievances and suggestions with respect to the functioning of Demand Facilitation Center, CPC (DFC) in connection to the outstandi...
Income Tax : The Taxpayer can submit the response online to the outstanding demand by performing the below steps. 1. Go to the Income Tax e-Fil...
Income Tax : CBDT desires that all the work related to cleaning up of the tax demands and calculating the tax payable or refundable in respec...
Income Tax : Verify online notice/order issued by the Income Tax Department Now Taxpayer can verify notice/order issued by the Income Tax Depar...
Income Tax : Read the full text of the judgment from Madras High Court on G.K. Reddy's case against DCIT. Court rules pension cannot be attache...
Income Tax : Assessee had not been able to make out a prima facie case in its favour and had a ‘lot to answer’ in the appeal. Assessee's pl...
Income Tax : Delhi HC directs refund of Income Tax amount exceeding 20% of the demand. Read about the Max Life Insurance case and the decision ...
Income Tax : ITAT reversed the demand under Section 200A attributable to merely wrong mention of TAN in the TDS deposit challan...
Income Tax : Uptill AY 2016-17, if a scrutiny notice u/s 143(2) is issued, the return is not required to be processed u/s 143(1) for grant of r...
Income Tax : Instruction No. 01 of 2023 by Directorate of Income Tax (Systems), exploring implications for income tax payers and their response...
Income Tax : ADVISORY NO.: 45 Dated:- 14.07.2022 0/o PCDA(0) Pune, Public Relation office (PRO) Subject: Income Tax Demand Notice under section...
Income Tax : Corrigendum to Order under section 119 of the Income-tax Act, 1961 dated 16.10.2020 for exercising power of intrusive or coercive ...
Income Tax : The functionality of demand adjustment by AO u/s 245 can be accessed while passing assessment order, rectification order into the ...
Income Tax : As per the Central Action Plan issued for the F.Y. 2017-18, all pending appeals having tax effect of Rs. 50 crore or more are to ...
The Income Tax department is all set to move the Supreme Court for a final judgement on its tax claims of around Rs 2,000 crore (Rs 20 billion) in cases involving dividend stripping prior to 2002-03. The taxman had lost the case in the Bombay high court last year. Though the government in 2005 put […]
