CBDT Extends Deadline to Link PAN with Aadhaar till March 31, 2019

July 03, 2018 The Central Board of Direct Taxes (CBDT) has ordered on June 30th that the time to link PAN with Aadhaar number has been extended from June 30, 2018 to March 31, 2019. It may be relevant to mention here that Constitution Bench judgment of the Supreme Court on the contentious issue pertaining to mandatory enrollment under the Aadhaar More...

by Shilpi Sharan | Published 2 weeks ago
By Shilpi Sharan On Wednesday, June 6th, 2018

Payment for Use of Trademark is Revenue Expenditure,not Deductible u/Income Tax

June 06, 2018 Case name: M/S Hilton Roulunds Ltd.v. Commissioner of Income Tax In this recent case decided by Division Bench of Delhi High Court, the Court held that payment for exclusive use of a trademark under More...

By Shilpi Sharan On Thursday, May 3rd, 2018

Income Tax:SC on Computation of Undisclosed Income during Block Assessment

May 03, 2018 Case name: Commissioner of Income Tax, Chennai v. S. Ajit Kumar Date of Judgment: May 02, 2018 Brief Facts of the case The appellant herein is the Revenue whereas the respondent is the assessee. A More...

By Shilpi Sharan On Friday, April 13th, 2018

Ministry of Commerce Notifies for Incentives for Startups

April 13, 2018 As an impetus to startups in India, the DIPP (Department of Industrial Policy and Promotion) in its notification dated April 11, 2018 has constituted a board based Inter-Ministerial Board (IMB) to More...

By Shilpi Sharan On Wednesday, April 11th, 2018

Income Tax Rules Amended to Include Transgender Category in PAN Card Application Form

April 11, 2018 The Ministry of Finance on April 9th has issued a notification amending the Income Tax Rules, 1962 vide Income–tax (Fourth Amendment) Rules, 2018 to incorporate the category of Transgender alongwith More...

By Shilpi Sharan On Wednesday, March 28th, 2018

CBDT Extends Deadline to Link Aadhaar Number with PAN

March 28, 2018 The Central Board of Direct Taxes (CBDT) has released a notification yesterday stating that the deadline to link Aadhaar Number with PAN Card has been extended from March 31, 2018 to June 30th, 2018. The More...

By Shilpi Sharan On Monday, February 26th, 2018

SC on Refund of Excess Amount of Sales Tax on Price Variation

February 26, 2018 Case name: M/s. Universal Cylinders Limited v. The Commercial Taxes Officer Date of Judgment: February 23, 2018 In the instant case, the Supreme Court has opined that an Assessee shall be More...

By Shilpi Sharan On Friday, February 9th, 2018

Supreme Court on Limitation Period for Appeal from NCLAT

February 09, 2018 Case name: Bengal Chemists & Druggists Association v. Kalyan Chowdhury Date of Judgment: February 02, 2018 In the instant case, the appeal was preferred against National Company Law Appellate More...

By Shilpi Sharan On Monday, February 5th, 2018

SC: Rule 8D of Income Tax Rules has Prospective Operation

February 05, 2018 Commissioner of Income Tax 5 Mumbai v. M/s Essar Tele holdings Ltd. Date of Judgment: January 31, 2018 In this recent, the Two –Judge Bench of Supreme Court took up a batch of petitions More...

By Shilpi Sharan On Friday, December 22nd, 2017

Time Limit to Furnish Return by NRI Extended to January 31

December 22, 2017 The Ministry of Finance, Department of Revenue yesterday issued a notification stating that the time limit for furnishing return by a non-resident taxable person in FORM GSTR-5 has been extended More...