The Special Bench held that DTAA overrides the Act, even if it is inconsistent with the Act. DTAAs are entered into between two nations in good faith and are supposed to be
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The reporting requirement of these details in income tax audit form has been kept in abeyance till March 31, 2020 — meaning that all income tax audit reports need not … Read more
Supreme Court in its Latest Judgement Dated 28th Feb,2019 has considred that all allowances should be added in Basic Salary while Calculating Provident Fund. Below is the Supreme Court’s Judgement … Read more
Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 8th February, 2019 Note on Recovery of Tax in the case of Travel Khana … Read more
The Supreme Court has said that linkage of PAN with Aadhaar is mandatory for filing of income tax returns.A bench comprising Justices A K Sikri and S Abdul Nazeer said … Read more
The Pune bench of the Income Tax Appellate Tribunal (ITAT) in its latest order has considered that the Income Tax Exemption u/s 54 cannot be allowed if the assessee failed … Read more
The Income Tax Appellate Tribunal (ITAT), Kolkata ‘C’ Bench has considered that Accounting Charges paid to Non-Qualified Professional will not Liable for TDS Deduction u/s 194J. The Assessing Officer, while … Read more
The Jaipur Bench of Income Tax Appellate Tribunal (ITAT) has considered that the payment of interest by partnership firm to its partners as per Partnership Deed cannot be Disallowed by … Read more
The Banglore Bench of the Income Tax Appellate Tribunal (ITAT) in his Latest Order Considered that “Auditor can not Issue Valuation Certificate to the Companies in which they are Auditing”. … Read more
AO cannot ask for payment of even 20% of Disputed Tax till the disposal of the appeal by CIT-A – Bombay HC Decision This is a very good decision which … Read more