Your digital footprints will soon be under taxman's scanner
"Income Tax Law did not give legal backing to check digital assets, so have included it. Added checking of digital elements ...
'New Income Tax Bill To Be Introduced In Monsoon Session,' Says Finance Minister Nirmala Sitharaman
New Delhi: The new Income Tax Bill will be taken up for discussion in the Monsoon session of Parliament, Finance Minister ...
Tax Guru8m
Reassessment u/s. 147 based on change of opinion without any fresh material not sustainable
ITAT Delhi held that re-assessment proceedings under section 147 of the Income Tax Act initiated due to change of opinion without having any fresh material on record is liable to be quashed.
Tax Guru11m
Initiation of penalty proceedings u/s. 271DA justified as delay was not unreasonable: Delhi HC
Delhi High Court held that imposition of penalty under section 271DA of the Income Tax Act is justifiable since there is no inordinately and inexplicably delay in initiation of penalty proceedings.
Financial Intelligence Centre freezes all company accounts linked to Bills Micro-Credit
The Financial Intelligence Centre (FIC) has frozen all company accounts linked to Bills Micro-Credit. The action was taken in ...
GOBankingRates on MSN52m
3 Ways the Social Security Fairness Act Could Affect Retirees’ Budgets
The Social Security Fairness Act, which was signed into law on Jan. 5, eliminates the Windfall Elimination Provision (WEP) ...