Page 35 - It Act News Today

Central Board of Direct Taxes (CBDT) has issued revised guidelines for compounding offences under the Income-tax Act, 1961 with reference to various offences covered under the prosecution provisions of the Act.

As per the provisions of section 54 of the I-T Act, 1961, deduction is eligible to be claimed in respect of LTCG invested towards purchase of one residential house property in India, within 1 year before or 2 years after the sale of the original house, or towards construction of residential house within 3 years

Get latest articles and stories on Latest News at LatestLY. The income tax department on Saturday said it has relaxed various norms relating to compounding of offences under the I-T Act and allowed compounding in cases where the applicant has been sentenced to up to two years of imprisonment. Latest News | I-T Dept Relaxes Norms for Compounding of Offence.

Bit of history and move forward. the visit to ireland was about the formal gestures, the queen bowing her head to the dead of the irish revolution in dublin, a gesture unimaginable in the years of the troubles. when i met him in court, he told me the queen had provided a powerful example of reconciliation. i powerful example of reconciliation. ., reconciliation. i thought it was a very _ reconciliation. i thought it was a very poignant - reconciliation. i thought it - was a very poignant moment....

The petitioner, People’s Union for Civil Liberties, said that many cases were pending under Section 66A of the IT Act, which has been deemed unconstitutional.

He was arrested by Versova Police for "demanding sexual favours and holding the complainant’s hand in the first week of January 2019."

Police needed to ascertain if he was trying to extort money from filmmakers or stars for not posting negative reviews of movies, the remand application said.

The CBDT will soon come out with a circular for various stakeholders, especially banks, to "clarify" the procedures on the applicability of new TDS provisions regarding benefits or prerequisites received in a business or profession.

The Central Board of Direct Taxes has notified changes to I-T rules and expanded the scope of exemption under section 206 (1G)of the I-T Act

While finding out weak monitoring mechanism in the income tax (I-T) department (ITD) for the gems and jewellery sector,