Income tax sec 119 2 b
WebAug 16, 2024 · Section 119 empowers the Central Board of Taxes (CBDT) to issue instructions to lower level of authorities. In addition, section 119 (2) (b) empowers CBDT … WebNotice dated 15.12.2024 under Section 144 of the Act was issued and sent again at the same address. Assessment order under Section 144 of the Act was thereafter passed on 23.12.2024 making an addition of Rs.48,53,000/ under Section 69A of the Act being unexplained cash deposit. Penalty proceedings under Sections 271(1) (c), 271(1)(b) and
Income tax sec 119 2 b
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WebI.R.C. § 119 (b) (2) Certain Factors Not Taken Into Account With Respect To Meals — In determining whether meals are furnished for the convenience of the employer, the fact that a charge is made for such meals, and the fact that the employee may accept or decline such meals, shall not be taken into account. WebSub: Condonation of delay under section 119(2)(b) of the Income-tax Act, 1961 in filing of Form 10-IC for Asscssmcnt Year 2024-21-Reg. Section 115BAA of the Income-tax Act, …
WebJan 9, 2015 · The AO is not accepting the time-barred Return. It says that, first you prefer an Application for Condonation of Delay to CIT and then come to me for filing Return (after obtaining permisssion from CIT for filing belated Return). Thereafter only, I can prefer Application u/s. 119 (2) (b) to CIT. My Query: The term ‘income tax return’ means the return of the taxes imposed by subtitle A of the Internal Revenue Code of 1986. If an individual filed before November 29, 1977, an amended return for any taxable year, such amended return shall be treated as the return for such taxable year. See more In determining whether meals or lodging are furnished for the convenience of the employer, the provisions of an employment contract or of a State statute fixing … See more All meals furnished on the business premises of an employer to such employers employees shall be treated as furnished for the convenience of the employer if, … See more In the case of an individual who is furnished lodging in a camp located in a foreign country by or on behalf of his employer, such camp shall be considered to be … See more
WebSection 1.119-1(a)(2)(ii)(f). 7 Section 119(b)(4) was added by section 5002 of the Internal Revenue Service Restructuring and Reform Act of 1998, P.L. 105-206, and is effective for all taxable years beginning before, on, or after July 22, 1998 (the date of enactment). 8 For administrative purposes, in determining whether the Web119(2)(b) is a section under which Central board of direct taxes had the power to issue instructions to subordinate authorities. Section 119(2)(b)application...
WebSECTION 119 OF THE INCOME-TAX ACT, 1961 - INCOME-TAX AUTHORITIES - INSTRUCTIONS TO SUBORDINATE AUTHORITIES - CONDONATION OF DELAY IN FILING …
WebStep 1: Log in to the e-Filing portal using your user ID and password. Step 2: On your Dashboard, click Services > Refund Reissue. Step 3: On the Refund Reissue page, the details and status of refund reissue requests you have raised is displayed. To create a new request for refund reissue, click Create Refund Reissue Request. flanders pleatedWebSection 1.119-1(b) of the regulations provides that the value of lodging furnished to an employee by the employer is excludable from the employee’s gross income if three tests … can ray charles seeWebSection 119 of the income tax act, 1961 refers to the powers of the central board of direct taxes to issue instructions to subordinate authorities. Clause (b) of subsection (2) of this … can raw zucchini be frozenWeb(b) the Board may, if it considers it desirable or expedient so to do for avoiding genuine hardship in any case or class of cases, by general or special order, authorise8any income- tax authority, not being a Deputy Commissioner (Appeals) or Commissioner (Appeals)] to admit an application or claim for any exemption, 1. 2. flanders pleated air filtersWebMar 17, 2024 · The CBDT issued Circular No. 6/2024 dated March 17, 2024 regarding condonation of delay under section 119 (2) (b) of the Income-tax Act, 1961 (“the IT Act”) in the filing of Form 10-IC for Assessment Year 2024-21. Section 115BAA of the Income-tax Act, 1961 (the Act) was inserted by the Taxation Laws (Amendment) Act, 2024 w.e.f. April … canray constructionWebJan 1, 2024 · Section 119 (2) (b) of the Income Tax Act, along with circular no 09/2015 issued on 09-06-2015, is a statutory provision for condonation of late filing of returns in … flanders pleated filters amazon 20 x 20WebSep 8, 2024 · Procedure for filing return under section 119(2)(b): Step 1: File a manual or online application: File a manual application to the jurisdictional officer authorised to … flanders pleated air filters 24x16x1