Income Tax - 721. page

Assessee argued that the clear transactions involving payment of share application money cannot be treated as international transactions of loans given by the assessee company to its AE merely because […]

Spouse with joint account or sole nominee can continue with account of deceased under Senior Citizen Saving Scheme    In exercise of the powers conferred by section 15 of the […]

Prescribe Procedure for surrender of PAN by Firms – ICAI   In case of firms, who have discontinued their business still have to file return u/s 139(1), since no procedure […]

At present, no online grievance handling mechanism is in existence to resolve the difficulties being faced by assessees relating to TDS or E-filing of income-tax returns. To enable the assessees […]

I-T returns should also include wealth tax returns – TARC   Filing of tax returns o    I-T returns should also include wealth tax return so that the taxpayer need not […]

E-voting not mandatory for shareholders meeting till 31.12.2014   General Circular No. 20/2014, Dated 17th June, 2014 Subject: Clarification with regard to voting through electronic means reg. Section 108 of […]

TARC recommendations on Scrutiny in direct taxes and audit in indirect taxes   Scrutiny in direct taxes and audit in indirect taxes o   Hearing in all tax cases by personal […]

Taxpayers helpless against rude or arbitrary behaviour of Tax officers – TARC     Taxpayers express helplessness against rude or arbitrary behaviour of officers with little assigned accountability in practice: […]

1. Who can use this Return Form? This Form can be used a person being a firm, LLPs, AOP, BOI, artificial juridical person referred to in section 2(31)(vii), cooperative society […]