Announcements - Amendment in Council General Guidelines , 2008 - (29-07-2011)

Announcements - Definition of Relative in Chapter-IV of the Council General Guidelines, 2008 - (29-07-2011)

STT and Income Tax

Securities Transaction Tax (STT) is the tax payable on the value of taxable securities transaction. STT was introduced in India by the 2004 budget and is applicable with effect from 1st October 2004.

Scrutiny on the basis of AIR

Income Tax Department nowadays selects almost all cases for scrutiny assessment under section 143(2) of Income Tax Act 1961 based upon AIR(Annual Information Return) transactions or through CASS.

Shri Pareshbhai Chandrakant Jariwala

Judgment relating to Genuine Unsecured Loans

Alidhra Textool Engineers Pvt. Ltd. vs. DCIT

Case involves penalty levied on disallowance of under valuation of semi finished goods and stock in transit.