Daily Archives: March 4, 2019

FDR Interest income not Taxable if to be applied for welfare of the State: ITAT

By | March 4, 2019

The funds from the Central and State Governments flow directly to the Assessee company as equity and Subordinate Debt/Loans. The objective is to create and maintain a fund for the development of infrastructural assets on a continuing basis and, therefore, the Assessee is a SPV formed by the Government of India and Government of West… Read More »

ESOPs Holding period to be from date of grant not from date of vesting : ITAT

By | March 4, 2019

IN THE ITAT BANGALORE BENCH ‘SMC-B’ N.R. Ravikrishnan v. Assistant Commissioner of Income-tax, Circle 3(3)(1), Bengaluru JASON P. BOAZ, ACCOUNTANT MEMBER IT APPEAL NO. 2348 (BANG.) OF 2018 [ASSESSMENT YEAR 2007-08] OCTOBER  31, 2018 Sudheendra B.R., Adv. for the Appellant. Smt. H.L. Soumya Achar, Addl. CIT for the Respondent. ORDER 1. This appeal by the assessee is directed against the… Read More »

Ban on Cash Transactions above Limits : CBDT Advisory

By | March 4, 2019

CBDT Advisory prohibiting Cash Transactions above Limits The Central Board of Direct Taxes ( CBDT ), in a bid to promote cashless transactions, has issued an advisory on its official website regarding cash transactions over and above the prescribed limits specified under the law. An advisory issued by the income tax department on its official… Read More »

Beware of fake Income tax refund messages ! नकली आयकर रिफंड संदेशों से सावधान !

By | March 4, 2019

Beware of fake Income tax refund messages ! In this Income Tax Refund Video you will learn 1. How to identify that income Tax Refund email is from Income Tax department 2. How to check fake income tax Refund Email ? 3. How to check income tax refund status from official website ? Click here… Read More »

what is the Password of e-Aadhaar?

By | March 4, 2019

What Is the Password of e-Aadhaar? Combination of the first 4 letters of name in CAPITAL and the year of birth (YYYY) as password. For Example: Example 1Name: SURESH KUMARYear of Birth: 1990Password: SURE1990 Example 2Name: SAI KUMARYear of Birth: 1990Password: SAIK1990 Example 3Name: P. KUMARYear of Birth: 1990Password: P.KU1990 Example 4Name: RIAYear of Birth:… Read More »