Income Tax : CBDT extends due dates for electronic filing of various Forms
On consideration of difficulties reported by the taxpayers and other stakeholders in electronic filing of certain Forms under the provisions…
Category: Income Tax Articles
Framing of rules for the amendments made by the Taxation Laws (Amendment) Act, 2021
The Taxation Laws (Amendment) Act, 2021 (2021 Act), which received the assent of the President on August 13, 2021, has,…
CIT(A) can’t make disallowance on an issue not covered by ‘limited scrutiny’: ITAT
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) in its recent ruling in the case of M/s. Arjun Transport…
![Interest on late payment of TDS u/s 201(1A) is not a Deductible Expenditure: ITAT [Read Order]](https://www.taxwallah.com/wp-content/uploads/2021/08/TDS.png)
Interest on late payment of TDS u/s 201(1A) is not a Deductible Expenditure: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore bench in its recent ruling in the case of Jindal Aluminium Limited has…
IT Refund cannot be adjusted beyond 20% of the Disputed Demand: Delhi HC
Hon’ble Delhi High Court in its recent ruling in the case of Eko India Financial Services (P) Limited vs Assistant…
CBDT extends Due Date for filing various Income Tax Forms [Read Circular]
The CBDT has issued Circular No. 15/2021 dated 3rd August 2021 for extension of timelines for electronic filing of various Forms under…
New IT Rules notified for electronic furnishing of returns, statements etc.
The CBDT vide Notification No. 83/2021, dated 29th July 2021 has issued the Income Tax (21st Amendment) Rules, 2021 to further amend…
IT deduction cannot be claimed during re-assessment u/s 153A
Karnataka High Court has in its recent ruling in the case of GMR Infrastructure Ltd. v. the Deputy Commissioner of…
Income Tax / GST exemptions granted to ameliorate stress due to COVID-19
The Government has decided to provide income tax exemption to the amount received by a taxpayer for medical treatment from…
Rule for computation of capital gain & WDV u/s 50 if dep. was claimed on goodwill notified
The Central Board of Direct Taxes (CBDT) has vide Notification No. 77/2021 dated 7th July 2021 notified a new Rule…
Income Tax: CBDT grants further relaxation in electronic filing of Forms 15CA/15CB
As per the Income-tax Act, 1961, there is a requirement to furnish Form 15CA/15CB electronically. Presently, taxpayers upload the Form…
New Income Tax Rules / Form w.r.t. capital gains on reconstitution of partnership firm
The CBDT vide Notification No. 76/2021 dated 2nd July 2021 has promulgated ‘the Income Tax Amendment (18th Amendment), Rules, 2021’ to further…