New Income Tax News 08.08.2018

By | August 8, 2018
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(Last Updated On: August 8, 2018)

New Income Tax News 08.08.2018

New Income Tax News

New Income Tax News

Use new utilities to File Income Tax Return for AY 2018-19 w.e.f 01.08.2018

Unsecured loan/ Gifts to be added in Income if paying capacity of giver is not proved : HC

[Video] Why to Submit Tax Saving Proof to your Employer : Income tax News 54

Income Tax on Arrear of Salary with [Video Lecture]

Income Tax on commutation of pension

Capital expenditure incurred in cash : Depreciation Disallowed w.e.f AY 2018-19

Gold /jewellery holding Limit as per Income Tax Act

Exp. incurred on education of director’s son not allowed as Business Expense : BOMBAY HC

ITR is invalid if no application made for condonation of delay for rectifying errors : GUJARAT HC

CIT(A) could pass order on issues which weren’t raised earlier in Appeal : HC

Action on those Converting Black Money into White during Demonetization

Biggest Mistake for not filing Income Tax Return

Revised Income Tax Return filed after issuance of scrutiny notice is valid: Mumbai ITAT

TDS on Property Sale -Complete Guide

ITR Due Date for AY 2018-19 Extended to 31.08.2018 : CBDT Order

Notice in name of deceased is invalid , No time limit for legal heirs to intimate death of assessee to Income Tax Department : MADRAS HC

Last Date to file ITR for AY 2018-19 (FY 2017-18)

GST and Income Tax Calendar July 2018 : Due Dates

Allow filing of ITR without furnishing Aadhaar No : Delhi High Court Judgment

Form 3CD for AY 2018-19 : Income Tax Audit Report :New and Old : Download/Print

No reassessment because assessee failed to disclose bank a/c if it was submitted during assessment : Bombay High Court

Notification No 33/2018 : Tax Audit Report Form 3CD Amended by CBDT

CBDT CIRCULAR No 4/2018 : Income Tax Return Due date will not be extended

How to Compute Tax on Profits of professionals on presumptive basis : Commentary on Section 44ADA of Income Tax Act

List of Income Tax benefits available to Salaried Persons AY 2018-19

Rebate allowable under Section 87A of Income Tax w.e.f AY 2018-19

Tax on Income of Minor Child – Analysis Section 64(1A) of Income Tax

Clubbing of Income for Income Tax : Free Study Material

No Tax on Interest awarded on enhanced compensation of compulsory acquisition of agriculture land : ITAT

Depreciation can be claimed on goodwill : ITAT

Assessing officer can make preliminary inquiries before issuing notice of reassessment : GUJARAT HC

Penalty justified if no reasonable cause for cash loan taken in contravention of Sec. 269SS : ITAT

Not necessary to submit Evidence at the time of seizure , can be submitted in Assessment : Bomaby HC

e-TDS/TCS Return Preparation Utility Ver. 2.3 : Download

Tax Audit Manual : CA Guide to Tax Audit under Income Tax : July 2018 Book Taxmann

No Penalty for Cash Loan Taken from Wife by Husband : ITAT Delhi

Son was legal representative of deceased father : Tax Recovery can be done

Significant Economic Presence of non-resident in India : CBDT asks suggestions

CBDT Circular No 3/2018 threshold limit for filing of appeal before ITAT, High Courts & Supreme Court : Download/ Print

Exemption to be allowed even if not claimed in Income Tax return : HYDERABAD ITAT

AO Jurisdiction couldn’t be questioned after expiry of 1 month from date of service of reassessment notice : Delhi HC

No ‘ Anticipatory Bail ‘ against Income tax recovery notice because assessee was ‘ defaulter ’ & not an ‘ offender ’: HC

No reassessment because capital gain shown by another co-owner is different : GUJARAT HC

Instant e PAN allotment : New Facility on Income Tax Website

Aadhar PAN Link : Date Extended till 31.03.2019 : CBDT Notification

Cost of inflation index (CII) for FY 2018-19 Notified

Country by Country (CbC) Reports : CBDT issued Instruction No 2/2018

Leave Encashment Income Tax Treatment

why you should file Income Tax Return even if your income is non-taxable

NOIDA is not local authority , No Income Tax Exemption : Supreme Court

Income Tax Notice served on security guard is Valid if Director appeared before AO : Delhi High Court

Income Tax refunds of Rs.70,000 crore issued with special drive : CBDT

Section 269ST – Cash Receipt Rs 2 Lakh or more Banned w.e.f 01.04.2017

How to e-verify Income Tax Return : Steps

Advance Ruling under Income Tax Act : Analysis

Prosecutions and Punishments under Income Tax Law of India

Rectification of Mistake in order under Section 154 of Income Tax

Income Tax Audit

Income Tax Audit u/s 44AB : Limit ,Due date, Applicability and Penalty

Income Tax Notice

Income Tax Notices for holding of assets by NRIs

Income Tax on House Property

How to Compute Income Tax on House Property Income [ FA 2018]

Income Tax Deductions

Income Tax Deductions AY 2019-20 (FY 2018-19)

Income Tax Benefits of Life Insurance Policy, Health Insurance & Medical Treatment

Section 80TTB Income Tax : Deduction of Rs 50000 p.m to senior citizen from AY 2019-20

Income Tax TDS

Late Fees & Penalty for delay in filing TDS/TCS Statements under Income Tax

TDS on Interest , Professional Fees , royalty under Income Tax [FA 2018]

TDS Rates for AY 2019-20 (FY 2018-19)

TCS Rates for AY 2019-20  (FY 2018-19 )

Income Tax Refund

How to Claim Refund of Excess Income Tax Paid by the Taxpayer

Taxability of Interest on Income Tax Refund

Video -Check Income Tax Refund Online : आयकर रिफंड का पता करें : Income Tax News [Part 26] : TaxHeal.Com

How to Request for Refund Re-issue on IncomeTaxIndiaEfiling

New Income Tax Articles

When Reference to Valuation officer is made under Income Tax Act [FA 2018]

How to Compute Income Tax on House Property Income [ FA 2018]

Turnover/gross receipts Meaning for Transactions in shares, securities and derivatives

Income Tax Calendar 2018-19

Major Changes in Income Tax Act w.e.f 01.04.2018

Various Threshold Limits under Income Tax Act AY 2019-20

Depreciation Rates under Income Tax [ As amended by Finance Act 2018]

Income Tax Exemption for Capital Gain on Residential Property Sale / Transfer

Income Tax Dept. issues Revised Income Tax Informants Reward Scheme 2018

New Benami Transactions Informants Reward Scheme 2018 launched

Income Tax on Benami Property : Free Study material

New Income Tax Notifications

Notification No 33/2018 : Tax Audit Report Form 3CD Amended by CBDT : dated 20.07.18

No TDS u/s 193 on ‘ IRFC 54EC Bonds ’ & ‘ PFC 54EC Bond ’ : CBDT Notification

Income Tax Appeal to ITAT :Form 35 and 36A to be Revised : CBDT Issued Draft Notification

New Income Tax Press Release

Amendment in Rule 10CB of IT Rules, 1962 in respect of computation of interest income pursuant to secondary adjustment u/s 92CE of IT Act, 196

New Books on Income Tax Released

Taxation of Trusts & NGOs (Finance Act 2018) – by Dr. Manoj Fogla

Income Tax Return

Income Tax Return Provisions

How to Fill & File Salary ITR 1 Sahaj for AY 2018-19 (FY 2017-18) : Income Tax return :

Income Tax Return Assessment

e Proceeding / e -Assessement under Income Tax -User Manual

Reassessment Not Valid if Income Tax Notice not issued on officially notified address : CHHATTISGARH HC

Income Tax and Losses

Restriction on set-off of loss from house property w.e.f AY 2018-19

How to Set off and Carry Forward Loss under Income Tax [ FA 2018]

Income Tax on Salary

Standard deduction from salary income w.e.f FY 2018-19 (AY 2019-20)

No standard deduction from family pension under Income tax Act

List of Income Tax benefits available to Salaried Persons AY 2018-19

Form No 16 for TDS on salary : Income Tax provisions

Income Tax on amount received from Provident Fund

Income Tax Penalty

Penalties under Income Tax Act [FA 2018]

Income Tax Commissioner power to reduce or waive Penalty

New Income Tax Judgments

Deduction allowed for payment to sugarcane grower in excess of administered price : HC

Determining when legislative changes apply retrospectively: Analysis

Payments for marketing and distribution rights is taxable royalty : ITAT

No reassessment on basis of objections raised by audit party : Bombay HC : Dated 24.04.2018

Notice not served to all legal representatives to initiate reassessment proceedings against deceased person : ITAT

Gift received by individual from his HUF not exempt under Income Tax : ITAT

Deposits in Bank from Credit card Withdrawal : No Penalty : ITAT

Depreciation on Road constructed on BOT basis allowed as Intangible asset : ITAT

Apply TDS u/s 194J on provision for Audit Fees :ITAT Chennai

Income Tax Study Material

Income Tax Return : Free Study Material

Income Tax on Shares / Securities Trading Income : Free Study material

 

Direct Taxes Ready Reckoner
Service Tax Ready Reckoner
Company Law Ready Reckoner
tax deduction at source

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