Direct Tax/ Income Tax Archive
Bombay HC: AMJAD AHMED SHAIKH VERSUS ITO:2025 (3) TMI 358 Background: The case concerns a dispute regarding the validity of income tax notices and assessment orders issued by the Department in the name of a deceased individual. The petitioner, Amjad Ahmed Shaikh, is the legal heir of Late Ahmed Gulamnabi Shaikh, who passed away on …
A discussion on maintainability of Writ Petition under Article 226 – where disputed questions of facts exist. Under Article 226 of the Constitution of India, the High Courts are given the power to issue writs. That this power to issue writ is a discretionary power of the High Courts. However, the High courts while entertaining …
The Finance Act, 2017 inserted Section 139AA to the Income Tax Act, 1961 mandating lining of Aadhaar number with PAN w.e.f 1.7.2017. An update on Law on linking of Aadhaar number with PAN can be downloaded here -> Aadhaar linking to PAN. CBDT’s Press Release on easing linkage of Aadhaar with PAN can be accessed …
Update on Section 194-IB of the IT Act, 1961 as inserted by Finance Act, 2017 Update on Section 194-IB of IT Act By:- CA Rajiv Kr. Jain +91-9810288997 rajivkjain0608@gmail.com
A Comprehensive update on Notification No. 95/2015 dated 30.12.2015 relating to rule 114E u/s 285BA (Annual Information Report) IT-Update on Rule 114E By:- CA Rajiv Kr. Jain +91-9810288997 rajivkjain0608@gmail.com
Changes in TDS/ TCS Rates and Thresholds w.e.f. 01.06.2016 Depicted in the attached table: IT-Revised Tabular Update on TDS-TCS-Advance Tax By:- CA Rajiv Kr. Jain +91-9810288997 rajivkjain0608@gmail.com
A comprehensive note on amended Rule 12 of Income Tax Rules, w.e.f. 01.04.2017, related to Income Tax Returns is discussed in the attached document. Update on IT Rule 12 & ITR Forms (AY 2017-18) By: CA Rajiv Kr. Jain +91-9810288997 rajivkjain0608@gmail.com
A note on restrictions imposed on cash transactions vide Section 269ST of the Income Tax Act, 1961 w.e.f. 01.04.2017 is discussed in the attached document. IT-Update on Section 269ST By: CA Rajiv Kr. Jain +91-9810288997 rajivkjain0608@gmail.com
As we all know, it is indeed a common practice to accumulate wealth without payment of legitimate taxes. Such type of unaccounted wealth or money is generally called ‘Black Money’. It is also very much common to park such type of black Money in movable/immovable properties in the names of other persons. In India, this …
