ITR 2 AY 2019-20 Online Filing Process कैसे फाइल करें ? Related post : Income Tax Return FY 2018-19 (AY 2019-20 ) Penalty for Late Filing of Income Tax Return 74 Changes in Income Tax Return 2019 Rule 12 of Income Tax Rules from 1st April 2019 for ITR of AY 2019-20 Who has to… Read More »
CIT(Appeals) cannot travel beyond the subject matter of the appeal, which in the present case is as to, whether fee u/s. 234E of the Act can be levied or not; and not the question, whether the return of TDS filed by the assessee is non est in law? We are, therefore, of the view that the… Read More »
” …………. if the buyer furnishes to the person responsible for the tax a declaration in writing in prescribed form declaring that the goods in question are to b e utilized for the purposes of manufacturing processor producing articles or things or for the purpose of generation of power and not for trading purposes. The… Read More »
Ministry of Finance E-filing of Income Tax Returns registers an increase of 19% Posted On: 06 MAY 2019 There have been some incorrect reports in media pertaining to reduction in numbers of Income Tax Returns(ITR) e-filed during Financial Year(F.Y.) 2018-19 as compared to F.Y. 2017-18. This is factually untrue, because the figures for F.Y. 2017-18… Read More »
The Central Board of Direct Taxes (CBDT) has made it mandatory all deductors to issue the TDS certificate in Part B of Form no. 16 by downloading it through TRACES Portal. This will be applicable in respect of all sums deducted on or after April 1, 2018 under the provision of Section 192. CBDT Notification… Read More »
It is a settled position in law that the Assessing Officer acquires jurisdiction to issue a re-opening notice only when he has reason to believe that income chargeable to tax has escaped Assessment. This basic condition precedent is applicable whether the return of income was processed under Section 143(1) of the Act by intimation or… Read More »
HIGH COURT OF MADRAS Smt. Ritha Sabapathy v. Deputy Commissioner of Income-tax, Circle-1, Chennai DR. VINEET KOTHARI AND C.V. KARTHIKEYAN, JJ. TAX CASE APPEAL NO. 169 OF 2019 FEBRUARY 19, 2019 R. Sivaraman, Sr. Standing Counsel for the Appellant. Mrs. V. Pushpa for the Respondent. JUDGMENT Dr. Vineet Kothari, J. – The Assessee has filed this Tax Case (Appeal) under Section 260-A… Read More »
It can be safely be concluded that the assessee in the case before us was entitled to claim exemption u/s. 54 to the extent he had invested towards the purchase of the new residential property under consideration upto the date of filing of his revised return of income under Sec. 139(5) i.e. on 15.11.2014. IN… Read More »
ITR 4 Sugam AY 2019-20 Key Changes आयकर रिटर्न फॉर्म ITR4 सुगम
Direct Taxes Ready Reckoner (42nd Edition A.Y. 2019-20 & 2020-21) by Dr. Vinod K. Singhania (Author) The main features of the book are: Amendments made by the Finance Bill, 2019, are duly incorporated in respective Chapters of the Reckoner and are appropriately highlighted. Comprehensive analysis of amendments with illustrations is given separately in Reference 2: Amendments at a glance. Law stated in this… Read More »