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Income Tax Rule 40(b)

Apr 06, 2016 at 22:40 | Source: PTI
In October 2015, the Bombay High Court had set aside an order of Income Tax Appellate Tribunal (ITAT) which had ruled that the I-T department had powers to raise tax demand on the company in a Rs 8,500 crore transfer pricing (TP) case.
Apr 01, 2016 at 18:16 | Source: Moneycontrol.com
To provide tax certainty, investment funds can seek prior approval from the income- tax administration to ascertain their eligibility status to access the Safe Harbour rule.
Jan 06, 2016 at 17:54 | Source: Moneycontrol.com
Though senior citizens need not pay advance tax, they have to account for income tax and pay it. Also they are expected to file income tax returns, as per rules.
Dec 18, 2015 at 08:15 | Source: PTI
The Finance Ministry said amendment in the Income Tax Rules have been made to "strike a balance between reducing the burden of compliance and collection of information" in case of payments made by domestic entities to non-residents.
Oct 14, 2015 at 15:55 | Source: Moneycontrol.com
Income tax rules allow you to change your income tax returns after filing. However follow the right process.
Aug 24, 2015 at 12:35 | Source: Moneycontrol.com
Not all gifts attract income tax. Know the rules that decide tax treatment of gifts.
Aug 22, 2015 at 16:06 | Source: PTI
"The Shah report in fact has come out. I believe they have said the Minimum Alternate Tax (for the period before April 1, 2015) issue should be resolved quickly, which I think will be positive for the market...," he told reporters at the launch of 'Innofest' at the Indian Institute of Science here.
May 07, 2015 at 21:37 | Source: CNBC-TV18
Following a decision of the Authority of Advance Ruling (AAR), Income Tax department slapped 68 notices on foreign portfolio investors saying they have to pay 20 percent MAT totalling Rs 602.83 crore on untaxed capital gains made by them over the past three years.
Apr 24, 2015 at 15:09 | Source: PTI
Following a court ruling, the Income Tax department had slapped notices on foreign portfolio investors (FPIs), saying they have to pay 20 percent MAT on untaxed capital gains made by them over the past three years.
Mar 01, 2015 at 12:41 | Source: Reuters
India, keen to rekindle economic growth, wooed foreign investors on Saturday with a budget that delayed controversial rules to target tax avoidance and maintained lower taxes on income from debt investments.
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