Thursday, 14 June 2018

CBDT: Proposes amendments in Forms 36/36A for filing appeals / cross objections before ITAT

CBDT issues draft notification substituting old Forms 36/36A with new Forms for filing appeals / cross objections before ITAT, with a view to rationalise these Forms to make them more informative; The new Forms seek additional details about appellant, respondent, pending appeals, amount disputed in appeal or cross-objections; Invites stakeholders’ comments by July 2nd

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Share sale by Passive Shareholder taxable as Long-Term Capital Gains and not Business Income irrespective of non-compete clause in the SPA

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