PPT-Penalty Provisions under Income Tax Act, 1961

CA Sanjiv Chaudhary Contents 2 Section 2711c Provisions amp Judicial Precedents 4 Recent Judicial RulingsAn Insight 5 Other Administrative provisions of Penalty 1 Overview of Penalty Provisions. p153 Part5 By SK Tyagi Of late the Government of India has been making use of the provisions of Tax Deduction at Source TDS for augmenting tax revenues Vide Finance Act 1995 the scope of TDS has been vastly enlarged There are certain provisions in CA MEHUL THAKKER. 1. Let’s consider the provisions of section 41 (1) . Section . 41(1) is applicable if the following conditions are satisfied—. Condition . one - In any of the earlier years a deduction was allowed to the taxpayer in respect of loss, expenditure or trading liability incurred by the . - tax Act, 1961 for rendering help to the victims of Nepal Earthquake The Prime Minister of India has promised that India would make all efforts to render assistance to the people of Nepal who have An Overview. 1. CA Sanjeev Lalan. 2. Tax Rates. Individual, HUF, AOP, BOI:-. No Change in threshold-limits or slabs. Surcharge to be levied @ 10% where total income exceeds Rs. 1Crs.. No Change in . Introduced in . Lok. . Sabha. on 20.03.2015, passed by . Rajya. . Sabha. on 13.05.2015 and received the assent of President on . 26.05.2015. PRESENT LAW. 4. th. proviso to sec. 139. . A resident even if not required to file return but has any asset outside India or signing authority in an account out of India is required to file return. payable as income-tax on a total income of one crore rupees, by more than the amount of income that exceeds one crore rupees.(d) In other cases (including sections 115-O, 115QA, 115R or 115TA), the su & Interest . under Income-tax Act. WIRC. 13/07/2012. CA. . Reepal. G. . Tralshawala. tralshawalareepal@gmail.com. . 2. Penalties. Scheme & Object (Legislative intent). Abide Laws. Deterrent Effect. Kishor. . Phadke. 1. MAT issues. Background / concept / issues. Challenge . Losses set-off. Tax Holidays. Audited . accounts, Capital Gains, Capital Receipts. Other Accounts based issues (14A + Lease + DRR, etc.) . 2. 2. Learning Objectives. Apply the concept of realization and explain when taxpayers recognize gross income . Understand the distinctions between the various sources of income, including income from services and property. INCOME OF FAMILIES AND PERSONS IN THE UNITED STATES1961Advance data on the 1961 income of families and persons were issued In August 1962 InCurrent Population Reports Series P-60 No 38For the country CMA S VENKANNA. Behind Every Successful Business Decision, There Is Always A . CMA. TAX. ” IS A “. FINE” . FOR . DOING . “RIGHT”. A “FINE” IS A “. TAX” . FOR . DOING “WRONG”.. Exercise carried out by a tax . . SURAJ BHAN NAIN. Advocate. Former Chief Commissioner of Income Tax. Email: . surajnain@hotmail.com. Mob.: 9468400600. OLD PROVISIONS. 147..  If the Assessing Officer . has. . reason to believe* . DIRECT TAX PRPOVISIONS. PRESENTED TO FARIDABAD CHAPTER OF ICSI. FEB’ 02, 2021. SUSHIL SINGH & ASSOCIATES. CHARTERED ACCOUNTANTS. D-124, EAST OF KAILASH. NEW DELHI-110065. INFO@CASKS.IN. +91-99902 39607. (Basics). Duna Jogeswar Rao. Income tax . Income . tax is a direct tax that a government levies on the income of its citizens. The Income Tax Act, 1961, mandates that the central government collect this tax. The government can change the income...