Income Tax Notification

Rebate under Section 87A reduced to Rs 2500 for AY 2018-19. Budget 2017 - Rebate reduced to Rs 2500 under Section…

Cash Transactions Reporting under Rule 114E of IT Rules, 1962. New Notification by Income Tax Department for…

Customers can now refuse to pay Service Charge at Restaurants. Payment of service charge in restaurant is…

Circular No. 6 of 2016: Issue of taxability of surplus on sale of shares and securities. The CBDT has accepted that…

Roadmap to Minimize Litigation and Strengthen Litigation Management. Recently Income Tax Department Uploaded Most…

CBDT Takes Steps to discourage Cash transactions in India. Budget 2017 takes Steps to discourage Cash transactions…

CBDT issues PAN & TAN within 1 day to improve Ease of Doing Business. In order to improve the Ease of Doing…

Section 269ST - Cash Transaction Rules from 1st April 2017, FAQ on Cash Receipt of Rs.2 Lakh or More w.e.f…

Mandatory Quoting of Aadhaar For PAN Applications & Filing Return of Income: CBDT Issued new press release on…

ITR form simplified for salaried individuals; e-filing to start from April 2017. ITR forms for AY 2017-18 to be…

Transfer pricing secondary adjustments - Section 92CE. Budget 2017 introduces secondary adjustments in transfer…

Tax Audit Limit U/s 44AB Increased From 1 Crore to 2 Crore. Exemption for audit of accounts u/s 44AB increased to…