Taxation in news

Section 43B of Income Tax Act read with Section 15 and 16 of MSME Act makes buyer oblige to pay pending dues to supplier within 45 days from the date of purchase of goods or services. Burning Issues on 43B of Income tax Act MSME : 1. What is the time limit to make payment … Read more

Agriculture land in India not having any capital gain tax implication if located in rural area or having above limit of 8 kilometers from urban area. However, there where many questions and confusion lies in this topic due to various complex transaction taken place when you sale your agriculture land. it’s absolutely correct to say … Read more

I hereby providing you the of the modification to the existing Change Request PAN Application Form. The revised Change Request PAN application form is enclosed below. INSTRUCTIONS Note: As per provisions of Section 272B of the Income Tax Act., 1961, a penalty of Rs. 10,000 can be levied on possession of more than one PAN. Also … Read more