Search Result for 'faceless assessment income tax'

In budget, 2021 which is now Finance Act, 2021, there was nothing much for the normal taxpayers but various procedures ...

FAQ on seek VC and VC adjournment: Q. What is VC? Answer: VC stands for ‘Video Conferencing’. Using the VC ...

Faceless Assessment scheme was launched full fledged for the cases of Assessment year 2018-19 and for cases of reassessment of ...

In this post we are going to discuss the various differences which we have faced in faceless scrutiny as compared ...

Hon'ble Finance Minister, while presenting the Budget, 2019, made an announcement in her speech that a new scheme of faceless ...

PAN Requirement, Applicability of Tax Rates, DTAA Benefit, Form 10F, Return Filing & SCNRR Account Foreign companies frequently earn income ...

The Income Tax Department of India, through the Central Board of Direct Taxes (CBDT), has rolled out its data-driven NUDGE ...

Understanding the Income-tax Department’s e-Verification Communications: What It Means, Why You Received It, and How to Respond Correctly   In ...

It essentially marks the initiation of detailed scrutiny for your return, which means the department has found some red flags ...

capital gains arising from redemption/sale of mutual fund units by a Singapore tax resident are taxable only in Singapore as ...

Budget 2025 is being announced on 01.02.2025 by our Hon'ble Finance Minister Nirmala Sitaraman.   MSME limit enhanced: Turnover for ...

Currently, we need to understand that this is just an intimation to assessee and not an assessment. Hence, this is ...

From FY 2023-24, Income tax department has made new tax regime as the default tax regime for Individual, HUF and ...

Below is a table where, Income tax department has released a list of FAQ discussing various situations where an Income ...

In view thereof, it is reiterated that the ITCC under Section 230(1A) of the Act, is needed by residents domiciled ...