Category Archives: Income Tax

Income Tax Notificiation No 110/2021 : TDS Exemption to member of Scheduled Tribe

By | September 18, 2021

Income Tax Notificiation No 110/2021 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 17th September, 2021 INCOME TAX S.O. 3815(E).—In exercise of the powers conferred by sub-section (1F) of section 197A of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies that no deduction of… Read More »

Income Tax Notification No 113/2021 Time limit extended for Aadhar card , penalty and Notice issue

By | September 18, 2021

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 17th September, 2021 S.O. 3814(E).—In exercise of the powers conferred by sub-section (1) of section 3 of the Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020 (38 of 2020) (hereinafter referred to as the said Act),… Read More »

CBDT Extends Time for Aadhaar Linking , Penalty proceeding and Notice issue

By | September 18, 2021

Government extends certain timelines to ease compliances Posted On: 17 SEP 2021 10:54PM by PIB Delhi The Central Government, in continuation of its commitment to address the hardship being faced by various stakeholders on account of the Covid-19 pandemic, has, on consideration of representations received from various stakeholders, decided to extend timelines for compliances under… Read More »

Income Tax Department conducts searches in Mumbai and other regions Rs 175 Crore dubious transactions detected

By | September 18, 2021

Income Tax Department conducts searches in Mumbai and other regions Posted On: 18 SEP The Income Tax Department conducted a search and seizure operation at various premises of a prominent actor in Mumbai and also a Lucknow based group of industries engaged in infrastructure development. Total 28 premises spread over Mumbai, Lucknow, Kanpur, Jaipur, Delhi,… Read More »

Pay STCG on sale of flat if Deprecaition was claimed earlier and then convereted into Investment in Balance Sheet before sale I Supreme Court

By | September 17, 2021

Pay STCG on sale of flat if Deprecaition was claimed earlier and then convereted into Investment in Balance Sheet before sale I Supreme Court SUPREME COURT OF INDIA Sakthi Metal Depot v. Commissioner of Income-tax A.M. KHANWILKAR AND SANJIV KHANNA, JJ. CIVIL APPEAL NO(S). 8605 OF 2011 JULY  7, 2021 Navanjay Mahapatra, Varun Chug, Sughosh Subramanium, Advs., Mrs. Anil Katiyar,… Read More »