sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Latest Expert Exchange
Direct Tax »
 Allowances earned abroad may be tax exempt in India NRI taxation
 TDS cut but not paid to government? Here's why you shouldn't worry Income Tax alert
 CBDT amends tax audit report format
 Direct taxes code task force to be reconstituted
 Finance ministry to recast direct tax panel after discord on suggestions
 Pay tax, get rewards from the government
 Corporate advance tax growth rate doubles
 Central Board Of Indirect Taxes And Customs Notification No. 84/2018-Customs
 Rajasthan HC directs CBDT to consider further 15 Days Extension
 Delhi HC issues notice in a petition seeking extension for filing of ITR and TAR
 CBDT instructs CCITs to mop up tax collection

Income tax returns filing: This is what taxpayers must mention
June, 14th 2018

The Income Tax Department came out with a draft notification saying it is amending Form 36, 36A and Rule 47 under the I-T Act to seek information about pending disputes with a view to reframing its litigation policy.

Income tax returns: Taxpayers filing appeals before ITAT will have to provide information relating to the amount locked up in dispute along with a brief case history and the relief claimed.

The Income Tax Department on Wednesday came out with a draft notification saying it is amending Form 36, 36A and Rule 47 under the I-T Act to seek information about pending disputes with a view to reframing its litigation policy.

The form for filing appeals to the Income Tax Appellate Tribunal (ITAT) is being amended after 25 years. The last amendment was made in 1993.

"The information regarding the amount disputed in appeal is vital for designing the policy of the department for litigation management. Therefore, in order to capture the recent developments, it is imperative to rationalise these Forms, so as to make these forms descriptive and informative," the department said.

The Central Board of Direct Taxes (CBDT) has invited stakeholder comments on the draft by July 2.

As per the draft, the tax payers filing appeal before ITAT will have to provide details of pending litigation in a prescribed format.

The applicant would also have to give details of penalty disputed in appeal.

In case an appeal in relation to any other assessment year is pending in the case of the appellant with any bench of the Appellate Tribunal, the applicant would have to give details of the Bench of Appellate Tribunal, with whom the appeal is pending as also the Appeal No. And date of filing of appeal.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Internet Marketing Website Marketing Internet Promotion Internet Marketing India Website Marketing India Internet Promotion India Internet Marketing Consultancy Website Marketing Consulta

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions