Income Tax

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Income Tax

Payment made to a Non-resident Supplier amount to Royal...

ITAT Case Law

The Income Tax Appellate Tribunal, Ahmedabad bench, has held that the payment by the assessee to a non-resident supplier shall amount to royalty. The bench...

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Income Tax

Income Tax Return Filing Due Date Extended for Business...

Income Tax Return Filing Due Date Extended for Businesses by CBDT

CBDT is an acronym for Central Board of Direct Taxes, a statutory authority responsible for the administration of direct taxes through the income tax depar...

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Income Tax

Deemed Dividend under Income Tax Act- Meaning, Taxabili...

Deemed Dividend under Income Tax Act- Meaning, Taxability & Case Laws

Dividend refers to the return earned by the shareholder for investing in a company by purchasing its shares. It can be a reward, cash, etc., that a company...

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Income Tax

Income Tax Appeal Filing Procedure: Detailed Overview...

Income Tax Appeal Filing Procedure Detailed Overview

The Income Tax Act 1961 comprises provisions and procedures for filing Income Tax appeals before concerned authorities. The taxpayers' dispute cannot go un...

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Income Tax

Safeguards to Assessee under Section 148 of IT Act

Section 148 of IT Act

The Income Tax Act 1961 was enforced to regulate the tax laws in India and protect the interests of the country's taxpayers. Every taxpayer is obligated to...

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Income Tax

Guidelines for compounding of offences under Income Tax...

compounding of offences

To facilitate the ease of doing business and decriminalise the offences, The Central Board of Direct Taxes has issued revised Guidelines on compounding of...

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Income Tax

Powers of Income Tax Appellate Tribunal (ITAT)

Income Tax Appellate Tribunal (ITAT)

The Income Tax Appellate Tribunal (ITAT) deals with appeals against the orders passed by the income tax authorities. The idea behind forming an appellate t...

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Income Tax Taxation

How to File an Income Tax Appeal with ITAT?

Income Tax Appeal

ITAT stands for Income Tax Appellate Tribunal. ITAT is a quasi-judicial body set up in January 1941 established by the Central Government for the speedy di...

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