Category: Tax Litigation

Avoiding Income tax notice by defrauding address is now irreparable

Income tax rules have been amended to insure that notices, summons or any other communication issued by the department is delivered through post or e-mail.

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Date extended for ITR/Tax Audit Reports for ay 17-18 to 7 Nov, 17

Central Board of Direct Taxes (CBDT) decided to boost the deadline for e-filing of income tax returns for those taxpayers who file audit reports for Assessment Year (AY) 2017-18. Taxpayers and professionals appealed to authorities through several modes to extend the last date for tax audit reports. Reason being, deficiency of clerical staff at chartered … Continue reading “Date extended for ITR/Tax Audit Reports for ay 17-18 to 7 Nov, 17”

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File an Appeal if your Claim gets Rejected by Accessing Officer

After demonetization, there has been cases where in the businesses or individuals have deposited huge amounts in to their bank account. In such cases they received income tax department’s notice to explain the source of the cash. Although the cash deposited was made out of sale, individuals were asked for explanation. There can be possibility … Continue reading “File an Appeal if your Claim gets Rejected by Accessing Officer”

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IT Department To Investigate Those Who Changed Returns After Demonetisation

Several steps are being taken after the ban on black money to tighten the currency. Now the Income Tax Department is engaged in identifying those who make changes in ITR after the ban, after which they will be examined.

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No Tax Scrutiny of Big Transaction If It Matches Declared Income

If someone has recently spent any expensive thing or service or made a big investment, but according to all its declared income, then the income tax department will not scrutinize its accounts.

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IT Department introduces new facility to link Aadhaar card from PAN card

The Income Tax Department has introduced a new e-facility for linking PAN number with Aadhaar card. Explain that the government has mandated the Aadhaar card number along with PAN number for filing income tax return.

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Due Date Extended for filing online Quarterly DVAT Returns

The DVAT Department has extended Due Date/ Last Date for Filing of online return for Q4 (Mar. 2017) of 2016-17 upto 15 May 2017.

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No Income Tax on Salary deducted for Notice Period Pay cut

The Income-tax Appellate Tribunal (ITAT) which adjudicates Income-tax (I-T) disputes, has held that an amount deducted by an employer for not serving out a notice period cannot be brought to tax.

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Amenities to employees outside CTC may trigger GST liability

GST would be payable if there is a supply of free goods or services to an employee exceeding the stipulated sum, if an employee avails of a company asset for personal use

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Income Tax Dept. give mercy to 1200 tax evaders

1,200 applications from accused seeking mercy under compounding of offences rules with several of them approaching authority’s post-demonetisation.

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