Tag: Income tax updates

The initial analysis of seized evidences of both the groups has revealed that they were engaged in large scale tax ...

A preliminary investigation indicates that the group has indulged in generation of unaccounted income exceeding Rs. 150 crore. So far, ...

The assessee can file a revised return in a case where there is an omission or a wrong statement. But ...

As per proviso to section 56(2)(x) any amount of money or property received by the family member of a deceased ...

(a) books of account, including the following, namely: - (i) cash book; (ii) ledger; (iii) journal; (iv) copies of bills, ...

Evidence gathered during the search further reveals that some benamidars have been made partners in a firm doing the sand ...

Your income-tax return has been identified under risk management process of the Income-Tax Department. In this context, your confirmation is ...

Statutory Compliance Chart for the Month of August 2022 : Below mentioned are some important due dates under Income tax, GST, company ...

4. It has been decided that in respect of any electronic transmission of return data on or after the date ...

Hon’ble ITAT has mentioned that the word “may” cannot be considered as “shall”, and hence passed on a judgement that ...

This Return Form can be used by a company as per section 2(17) of the Income Tax Act. This form ...

The initial analysis of the seized documents has also revealed that these groups have suppressed income to the tune of ...

Although there have been no key changes in filing of ITR 7 or it's content as such but it is ...

This modus-operandi of unaccounted cash sales of pharmaceutical medicines, including cash receipts through hawala for sale of medicines to Afghanistan, ...

The modus-operandi followed by the group includes unfair regular collection on coal transportation throughout the State of Chhattisgarh leading to ...