CBDT directs that monetary
limits for filing of appeals in income tax cases as prescribed in Para 3 of
Circular 3 of 2018, “shall also apply to Wealth Tax appeals through extension
of the Circular to Wealth tax matters in a mutatis mutandis manner,” with
certain modifications; Prescribes modification with respect to the definition
of ‘tax effect’ for the purpose of wealth tax appeals; Also states that the
monetary limits specified in para 3 shall not apply to writ matters; Lastly,
CBDT clarifies that “The said extension of the Circular to wealth tax appeals
shall come into effect from the date of issue of this Circular.”
Subscribe to:
Post Comments (Atom)
-
In this article, for the benefit of our reader’s we have come up with detailed FAQ on procedures of issuance, requirement of Form 15CA an...
-
1. Situation I. Tax Department Summons An employee received a summons from the tax department demanding an explanation for failing to discl...
-
Particulars in Part 1 and Part 2 of Step-2 of registration form are required to be exactly the same as reported in the TDS statement. Plea...
-
In this post, I will discuss Secretarial Standards related to Proxies under SS – 2. Right to Appoint: A Member entitled to attend and ...
-
Many of us rely on home loans to purchase residential property, but are you fully aware of how tax laws impact your financial strategy? Unde...
-
Summary of the relevant updates is provided below for ease of your reference: A) Proposals relating to GST law, Compliances an...
-
Particulars Singapore Hong Kong Corporate Tax rate 17% 16.5%. Numb...
-
The circular of the Board dt. 28.06.1965 No. 17 (XL-36), provides for inspection fees and fees for certified copies of assessment and...
-
The posting had been move to another website. Please click the link below to get the access of the same. https://taxofindia.wordpress....
No comments:
Post a Comment