ITAT: OYO Exempt from TDS on Minimum Guarantee Payments to Hotels The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has ruled that assessee, is not subject to TDS under Section 194C of the...
Calcutta High Court Rejects Income Tax Department's Appeal Citing Low Tax Effect The Calcutta High Court has dismissed the Income Tax Department’s appeal on the ground of low tax effects. The...
CBDT Grants TDS Exemption for Ship Leasing Income in IFSC Unit The Central Board of Direct Taxes (CBDT) has granted an exemption from Tax Deducted at Source (TDS) on income from ship leasing to units...
Gujarat High Court: Adequate Reasons Required for Reopening Assessments The Gujarat High Court's division bench has recently ruled that the authority's decision to reopen the assessment based on...
Income Tax Audit Report: CBDT informs Schema Change Document for Form 3CA-3CD In respect to the Income Tax Audit Report, the Central Board of Direct Taxes (CBDT) has notified a Schema Change...
CBDT: One-time relaxation, proof of all ITR e-filed for 2020-21, pending proof and processing Central Board of Direct Taxes (CBDT) has announced a one-time relaxation for verification of all...
Calcutta High Court Directs CBDT To Dispose Of Representations Under Income Tax Act The Central Board of Direct Taxes could not justify before the court its inaction with regards to the...
Delhi High Court Sets Aside Assessment Order For Violation of Faceless Assessment Scheme The Petitioner submitted that no personal hearing was granted as per Standard Operating Procedure For...
Supreme Court Pulls Up Central Govt Over Delayed Revenue Appeals FilingTrend The Supreme Court of India (SC) bench of Justices DY Chandrachud and MR Shah was hearing an appeal u/s 35L of Central...
Supreme Court Directs CBDT to Decide within 3 Weeks on IT Exemption to NRIs The Supreme Court of India (SC) directed the Central Board of Direct Taxes (CBDT) to decide on income tax exemption to...
Budget 2021 proposes Dispute Resolution Committee for small taxpayers Endeavor is to ensure that a taxpayer feels motivated to voluntarily comply with tax laws and the honest taxpayer gets all...
Ministry of Finance: Central Goods and Services Tax (Twelfth Amendment) Rules, 2020The Central Board of Direct Taxes, vide its notification dated 15th October, 2020 and in exercise of the powers...
