Petitions seeking condonation of delay in making payment of first instalment under the Income disclosure Scheme 2016

Petitions seeking condonation of delay in making payment of first instalment under the Income disclosure Scheme 2016

Order under section 119 of the Income-tax Act, 1961 Subject: Petitions seeking condonation of delay in making payment of first instalment under the Income disclosure Scheme, 2016-reg.- The Board has received condonation petitions under section 119 of the Income-tax Act, 1961 (‘Act’) from some … Continue Reading →
Latest FAQs on Income Computation and Disclosure Standards (ICDS) notified u/s 145(2)

Latest FAQs on Income Computation and Disclosure Standards (ICDS) notified u/s 145(2)

Clarifications on Income Computation and Disclosure Standards (ICDS) notified under section 145(2) of the Income-tax Act, 1961. CBDT Circular No. 10/2017, Dated: March 23, 2017 Sub-section (1) of section 145 of the Income-tax Act, 1961(‘the Act’) provides that the income chargeable under the head “Profits … Continue Reading →