CBDT has released a discussion paper on Tax Accounting Standards for inviting comments/suggestions from all the stake holders, to read the discussion paper click on the link given below: DiscussionPaper_
Sachin R. Tendulkar vs. Assistant Commissioner of Income-tax, Range 193 IT APPEAL NOS. 428 TO 430 AND 6862 (MUM.) OF 2008 FACTS Facts of the case, in brief, are that the assessee is a leading cricketer and filed his return of income on 31-10-2003 declaring total income of Rs. 18,51,06,510. In the computation statement
SECTION 281 OF THE INCOME-TAX ACT, 1961 – CERTAIN TRANSFERS TO BE VOID – GUIDELINES FOR PRIOR PERMISSION UNDER SECTION 281 TO CREATE A CHARGE ON THE ASSETS OF BUSINESS CIRCULAR NO. 4/2011 [F. NO. 402/69/2010-ITCC], DATED 19-7-2011 References have been received by the Board regarding issuance of guidelines for granting of prior permission u/s
NOTIFICATION NO. 37/2011 [F. NO. 149/68/2011-SO (TPL)]/S.O. 1497(E) DATED : 1st July 2011 In exercise of the powers conferred by section 295, read with section 139 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely :— 1.
NOTIFICATION NO. 36/2011 [F. NO. 142/09/2011 (TPL)], DATED 23-6-2011 In exercise of the powers conferred by sub-section (1C) of section 139 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby exempts the following class of persons, subject to the conditions specified hereinafter, from the requirement of furnishing a return of income under
