Daily Archives: December 1, 2017

Limited scrutiny under income Tax : CBDT instructions to Assessing Officer

By | December 1, 2017

F.No. DGIT(Vig.)/HQ/Sl/2017-18 Government of India Ministry of finance Department of Revenue Central Board of Direct Taxes New  Delhi-11 0001 Dated:    30th November, 2017 Subject: Unauthorized expansion of the scope of limited scrutiny- instructions- reg. CBDT has issued detailed guidelines/ directions for completion of cases of limited scrutiny selected through CASS module. These guidelines postulate that an… Read More »

Section  6 Income Tax Act 1961 : Residence in India.

By | December 1, 2017

Section  6 Income Tax Act, 1961 Amended by Finance Act 2017 ( Section  6 Income Tax Act 1961 explains Residence in India.) Residence in India. 6. 13 For the purposes of this Act,— (1) An individual is said to be resident in India in any previous year, if he— (a) is in India in that year for a period… Read More »

Form 49B Income Tax : Download : Application for allotment of TAN

By | December 1, 2017

Form 49B [For Applying Form 49B  TAN Application for deduction of Tax under Income tax refer  sections 203A of Income  tax  and rule 114A of Income Tax Rules ] Form of application for allotment of Tax Deduction and Collection Account Number under section 203A of the Income-tax Act, 1961 Download Form 49B for TAN under… Read More »

Section 234E of Income Tax Act : Fee for default in furnishing statements.

By | December 1, 2017

Section 234E Income Tax Act [ Section 234E of Income Tax Act Inserted by the Finance Act, 2012, w.e.f. 1-7-2012 explains Fee for default in furnishing statements. ] 1[G.—Levy of fee in certain cases ] Fee for default in furnishing statements. 234E. (1) Without prejudice to the provisions of the Act, where a person fails to… Read More »

Section 195 Income Tax Act 1961: Other sums.

By | December 1, 2017

Section 195 Income-tax Act 1961 ( AS AMENDED BY FINANCE ACT, 2017 ) ( Section 195 Income-tax Act 1961 explains Other sums.) Other sums. 23 195. 25[(1) 26Any person responsible for paying to a non-resident, not being a company, or to a foreign company, any interest 27[(not being interest referred to in section 194LB or section 194LC)] 28[or section 194LD] 29[***] or any other sum chargeable… Read More »