Taxability of Interest on Employee Contribution to PF over Rs 2.5 Lacs in a Financial Year
(New Provision Proposed in Union Budget to be effective from 1st April 2021) Background of Provident Fund Employee Provident Fund is…
Category: Income Tax Articles
Taxation of National Pension System -Tier-I (NPS-T1) and relevant provisions of the IT Act, 1961
Also Read: Union Budget 2021: Direct Tax Proposals at a glance Follow us for free tax updates : facebook Twitter…
CBDT issues Instructions regarding handling of Income Tax and Black money cases
The CBDT has issued instructions vide F. No. 225/24/2021/ITA-II dated 23rd February, 2021 under Section 119 of the Income-tax Act, 1961 read…
Delay in deposition of the employee contribution of fund will never be allowed as deduction
Several amendments have been proposed in the Income Tax Act, 1961 through Finance Bill, 2021 presented by the Finance Minister…
Tax Deduction at source (TDS) on purchase of goods: An overview
Chapter XVIIB of the Income Tax Act relates to deduction of tax at source. The provisions of this chapter provide…
Expenditure by CA Firm towards defending Suit against Partner is Deductible: ITAT
The Income Tax Appellate Tribunal (ITAT), Delhi Bench in its recent ruling in the case of M/s Deloitte Haskins &…
![Order confirming disallowance of leased line charges on account of non-deduction of TDS quashed by ITAT [Read Order]](https://www.taxwallah.com/wp-content/uploads/2020/07/judge-5313542_640.jpg)
Order confirming disallowance of leased line charges on account of non-deduction of TDS quashed by ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune Bench has in its recent ruling in the case of M/s. Barclays Technology…
CBDT directed to consider request for extension of Income tax Deadlines by Uttarakhand High Court
We are all aware that denying the relief of due date extension to Taxpayers and Professionals, the Gujarat High Court…
![CBDT directs Income Tax Officers to levy Penalty u/s 271AAD for False Entry in Books [Read Circular]](https://www.taxwallah.com/wp-content/uploads/2021/01/Penalty.Picture.Dollar.Photo_.Club_.1.4.16-1.jpg)
CBDT directs Income Tax Officers to levy Penalty u/s 271AAD for False Entry in Books [Read Circular]
As per the newly inserted Section 271AAD of the Income Tax Act, 1961 which is effective from 1st April, 2020,…
Gujarat High Court rejects petition seeking extension of Due date for Tax Audit Reports & Income Tax Returns
Denying the relief of due date extension to Taxpayers and Professionals, the Gujarat High Court has rejected the petition seeking…
No further Extension in due date of filing of Tax Audit Report: CBDT [Read Order]
The Central Board of Direct Taxes (CBDT) vide its detailed order under Section 119 of the Income Tax Act, 1961…