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Disallowance under S. 14A read with rule 8D can be made only if there is actual nexus between tax-free income and expenditure

1 week ago
ITA No. 331 of 2009 1IN THE HIGH COURT OF PUNJAB AND HARYANA ATCHANDIGARHITA No. 331 of 2009 (O&M)Date of decision: November 4, 2009Commissioner of Income Tax-II ...AppellantVersusM/s Hero Cycles Ltd. ...RespondentCORAM:- HON'BLE MR. JUSTICE ADARSH KUMAR GOELHON'BLE MR. JUSTICE GURDEV ..
Tags: punjab, nexus, 8d, income tax act, income tax act 1961, question of law, dividend income

Taxability of Gifts in kind in excess of Rs.50000

1 month ago
No.402/92/2006-MC (21 of 2009)Government of India / Ministry of FinanceDepartment of RevenueCentral Board of Direct Taxes**************************************************New Delhi dated the 30th September 2009PRESS RELEASEThe Income Tax Act 1961 (the Act) has been amended with effect from 1st ..
Tags: rupees, rupees, 30th september, 30th september, income tax act, income tax act 1961, direct taxes

Procedure for filing TDS returns with insufficient deductee PAN

1 month ago
As per instructions issued by the Central Board of Direct Taxes (CBDT), it ismandatory for deductors to file TDS/TCS statements with a threshold limit ofPermanent Account Number (PAN) of deductees. To facilitate deductors who faceproblem in filing TDS returns because of insufficiency of PAN of ..
Tags: attempts, rs 1, rs 50, direct taxes, tds, itd, threshold limit

CHALLAN VERIFICATION INCORPORATED IN FVU 2.128

1 month ago
Normal 0 false false false MicrosoftInternetExplorer4 Reason for incorporating Challan Verification in FVU- Mismatch in challan · Normally following mistakes were found in challan data uploaded by bank and furnished in etds return ..
Tags: drawback, uploaded, submission, mismatch, serial number, tin nsdl, bsr code
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