Friday, February 1, 2019

Finance bill proposes a move to digital economy by making all assessments and verification electroni

Finance minister has proposed to make all the verifications and assessment of returns selected for scrutiny to be done electronically within a period of 2 years.

from taxmann.com News http://bit.ly/2UrF8SS

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AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

INCOME TAX : Where assessee had purchased a flat and incurred expenditure of Rs. 23 lakhs for purpose of renovating house and Assessing Offi...