Expert Knowledge,
Straight from Practitioners.
Tax tips, legal guides, and financial advice written by the same verified CAs, Advocates, and Advisors you can consult on ConsultEase.
Exception to monetary limits for filing appeals: Circular No. 23 of 2019 (CBDT)
CBDT has issued a new circular regarding the Exception to monetary limits for filing appeals specified in any Circular issued under Section 268A of the Income-tax Act, 1961-reg. Following is the text of the circular: F. No. 279/Misc.lM-93/20l8-ITJ(Pt.) Government of India Ministry of Finance Department of
CBDT guidelines for manual selection of returns for detailed scrutiny
CBDT guidelines for manual selection of returns for detailed scrutiny CBDT issued a circular for guidance on manual selection of returns for detailed scrutiny. There are 5 parametres to for selection of returns for scrutiny. F.No.225/169/2019/ITA-II Government of India Ministry of Finance Department of Revenue
FAQs on RBI notification on Foreign Liabilities & Assets Reporting
1. What is the notification about? RBI vide its notification dated 28 June 2019 has revised the reporting norms for Indian Entities w.r.t. Annual Return on Foreign Liabilities and Assets. With the objective to enhance the security-level in data submission and to further improve the
Tax Slabs and Deductions
Tax Slabs and Deductions In this article we have discussed the various Tax Slabs and Deductions under Income Tax Act while calculating the taxable income for the assessment. Tax slabs for Individuals for FY 18-19 (AY19-20) Particulars Tax rate for Individuals below the age of 60
6th Residential Conference by FTAP
6th Residential Conference by FTAP FTAP is organizing the 6the Residential Conference from the 1st of the March 2019. The attendees must reach the venue by 10:15 AM on 1st March 2019. Schedule for the First Day: 1st March 2019 Pre Lunch Technical Session: 11.00 AM
No sec. 263 revision for further disallowance
No sec. 263 revision for further disallowance if part of exp. was disallowed after proper verification No sec. 263 revision for further disallowance if part of exp. was disallowed after proper verification. The ITAT Ahmedabad has given the order. Following is the conclusion of the
Date for Income Tax Return extends till 15th October 2018
The date for Income Tax Return extends till 15th October 2018 The date for Income Tax Return extends till 15th October 2018. The income tax return and audit reports which are to be submitted on 30th September 2018 extends. The Ministry of Finance has issued
Taxation of Charitable and Religious Trusts
Taxation of Charitable and Religious Trusts The trust is an obligation annexed to ownership and arising out of the confidence reposed in and accepted by the owner for the benefit of another. The person who re-poses the confidence is called the “author of the trust”;
Update on Instructions for filling out Form ITR-7
Update on Instructions for filling out Form ITR-7 On the 1st September 2018, the e-filing site has updated on Instructions for filling out Form ITR-7. Following are the instructions issued: These instructions are guidelines for filling the particulars in this Return Form. In case of
Update on Instructions for filling ITR-4 SUGAM
Update on Instructions for filling ITR-4 SUGAM On the 1st September 2018, the e-filing site has updated on Instructions for filling ITR-4 SUGAM. Following are the instructions issued: General Instructions These instructions are guidelines for filling the particulars in this Return Form. In case of
Update on Instructions for filling out Form ITR-3
Update on Instructions for filling out Form ITR-3 On the 1st September 2018, the e-filing site has updated on Instructions for filling out Form ITR-3. Following are the instructions issued: These instructions are guidelines for filling the particulars in this Return Form. In case of any
Update on Instructions for filling out Form ITR-2
Update on Instructions for filling out Form ITR-2 On the 1st September 2018, the e-filing site has updated on Instructions for filling out Form ITR-2. Following are the instructions issued: These instructions are guidelines for filling the particulars in this Return Form. In case of