News

Income tax calculator: This is how you can use it to compute your tax liability
On income tax portal, you can compute your tax payable by entering all the necessary figures such as total income earned, ...
Tax Guru1h
Mere custody of funds by Director not Deemed Dividend u/s 2(22)(e)
ITAT Bangalore rules that a director's mere custody of company funds, without personal use or formal loan, does not constitute a deemed dividend under Section 2(22)(e) of the Income-tax ...
Tax Guru4h
Appeal filed within extended time as per Circular 20/2016 cannot be dismissed on ground of delay
Gujarat High Court held that appeal filed within extended time on 15.06.2016 as per Circular No. 20/2016 dated 26.05.2016 cannot be dismissed on the ground of delay. Thus, order set aside and matter ...