Income Tax - Understand Income Tax notices on AIS/TIS mismatch for FY 2022-23. Learn what actions to take, how to trace transactions, and submit responses to avoid penalties. Expert advice included....
Income Tax - Understand Notice u/s 143(1)(a): Learn about its purpose, common situations, response deadlines, and how to address discrepancies in your tax return effectively....
Income Tax - Analyzing the complexities of non-profit sectors globally, this guide on Assessment of Charitable and Religious Trusts and Institutions is key to understanding taxability of income & conditions for claiming exemptions. CBDT circulars & annexures included....
Income Tax - It's essential to be aware of the various situations that may prompt such notices to ensure compliance with tax regulations. In this detailed exploration, we will examine different scenarios that can lead to notices from the Income Tax Department....
Income Tax - Received an SMS/Email from Income Tax? Explore insights on the high-value transactions advisory, its purpose, and how to respond. Understand the significance of AIS, discrepancies, and consequences of non-compliance. Stay informed with professional advice...
Income Tax - In-depth analysis of the Income Tax Department crackdown in Chhattisgarh, uncovering a Rs. 13 crore scam involving a PEP, associates, and officials....
Income Tax - In a recent search operation in Odisha, Jharkhand, and West Bengal, Income Tax Department reveals staggering tax evasion of a group involved in liquor, healthcare, and education businesses....
Income Tax - Income Tax Department conducts search & seizure operation in Tamil Nadu and Puducherry, revealing tax evasion, unaccounted funds, and diversification in education and other businesses....
Income Tax - Income Tax Department conducted search and seizure operations on a business group operating largely in North Bengal region of the State of West Bengal. The business group is controlled by a person with an active political background. Search was also conducted on his close business associate....
Income Tax - Income Tax Department is pacing with technology and now it has launched mobile application for AIS view. Now the taxpayer can view AIS within a click. The assessee can also provide feedback on information reflecting in AIS. The application launched is totally free of cost. AIS is Annual Information Statement in which Significant Financial...
Rishu Enterprise Vs Commissioner of CGST & Excise (CESTAT Kolkata) - Rishu Enterprise vs. CGST & Excise: CESTAT Kolkata rules service tax demand unjustified solely on Form 26AS. Detailed analysis of the case provided....
Kerala Co-Operative Deposit Guarantee Fund Board Vs CIT (Exemption) (Kerala High Court) - Kerala High Court directs swift decision on Kerala Co-operative Deposit Guarantee Fund Board's exemption application under Section 10(46A) of the Income Tax Act....
ITO Vs Indus Realty Pvt Limited (ITAT Kolkata) - In-depth analysis of ITAT Kolkata order on Income Tax Department's misuse of Section 68 powers. Dismissal of appeal for unexplained cash credit of Rs.3 Cr....
G.K.Reddy Vs DCIT (Madras High Court) - In the case of G.K. Reddy vs. DCIT, Madras High Court has directed the Income Tax Department to lift the attachment of a pension account, considering the age and ailment of the assessee. Learn more about this judgment....
Fusion Engineering Products Vs Union of India (Jharkhand High Court) - Explore the legal case of Fusion Engineering Products vs. Union of India regarding a delay in TDS deposit and the quashing of criminal proceedings. Analysis and insights....
Dy. No. 1759745 FM/FMP/2021 - (22/07/2021) - Nirmala Sitharaman Minister of Finance and Corporate Affairs Government of India Dy. No. 1759745 FM/FMP/2021 22/07/21 Message My heartiest felicitation to the Income Tax Department on the occasion of the 161st Income Tax Day. System of Direct Tax in India, though, is much older than that. Our ancien...
Trade Notice No. 07/2021-22 - (26/05/2021) - Following DGFT services will not be available from 1 st June 2021 to 6th June 2021: i. Application for a new IEC ii. Application for Amendments/Modification in an IEC iii. One-time linking of Aadhaar for e-sign purposes. In view of the above, all stakeholders may therefore plan their activities acco...
NO.ITO/PR/PRESS/2019-20 - (30/07/2019) - A note said to be written by Shri. V G Siddhartha (VGS) of CCD is doing the rounds. Among others it was mentioned in the note about the attachment of Coffee day shares by the Income Tax department. The authenticity of the note is not known and the signature does not tally with Shri VGS's signature a...
Press Release No.402/92/2006-MC (07 of 2011) - (14/03/2011) - The Income Tax Department today said that tax returns filed by senior citizens above 60 years and small taxpayers with gross total income of less than Rs 10 lakh will not be scrutinised in a routine manner. "It has been decided that during the financial year 2011-12, cases of senior citizens and sma...
No.402/92/2006-MC (05 of 2010) - (25/01/2010) - On or about 12th January 2010, an officer in the Income Tax department, Mumbai, noticed that refunds had been issued from his jurisdiction without his knowledge or approval of his higher authorities. He immediately brought the matter to the notice of his superior officers. 2. On internal inquiry by ...
Rishu Enterprise Vs Commissioner of CGST & Excise (CESTAT Kolkata) -
Kerala Co-Operative Deposit Guarantee Fund Board Vs CIT (Exemption) (Kerala High Court) -
ITO Vs Indus Realty Pvt Limited (ITAT Kolkata) -