Income tax calculator for AY 2024-25 with changes proposed by Finance Bill, 2023 released by Income tax department
No amendment has been proposed in the old Tax regime for Individual and HUF but amendments have been only proposed...
Friday, June 27, 2025
CBDT notifies Income Tax Return Forms in PDF for Assessment Year 2023-24 well in advance
The Central Board of Direct Taxes (CBDT) has notified Income-tax Return Forms (ITR Forms) for the Assessment Year 2023-24 vide...
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Amendment proposed in Charitable trust, assessment proceedings by Finance Bill, 2023
The utilization of corpus, loans or borrowings by a charitable or religious trust prior to 01-04-2021 will not be considered...
Important Direct Tax Amendments in Budget 2023 for individual and business owners
Considering the above standard deduction and new tax slabs it was mentioned in the Parliament that a salaried employee will...
Consequences of Accepting cash while selling a Immovable property, land or house | 100% Penalty
However, is it correct that one could accept consideration in cash while selling house or land and there are no...
E-mail from TRACES to deductors explaining the e-verification scheme. What to do?
So, if we go through the e-mail it is mostly regarding a new feature being introduced by the Income tax...
Limit of SFT reporting in case of interest removed by Income Tax Department
CBDT has vide notification no. 01/2023 Dt. 05.01.2023 removed any limit for filing SFT report u/s 285A of the Income...
Provisions related to Set off of losses under various heads of Income during the year in Income Tax Act
Inter head adjustment of losses means adjustment of losses of one head of income against income from another head during...
Extension of time limit for compliance to be made for claiming any exemption under Section 54 to 54GB of the I.T. Act till 31.03.2023
Do you think that the circular is helpful because in our opinion that this relaxation is a bit late as...
Clarification for the purposes of Section 269ST of the I.T. Act in respect of dealership/distributorship contract in case of Co-operative Societies
References have been received in respect of Milk Producers' Cooperative as to whether under the provisions of Section 269ST of...
Income tax Non-filers are receiving notice from Income Tax department for filing income tax return
Based on available information with Income Tax department, it appears that you were required to file ITR for A.Y. 2022-23...
Taxpayers receiving notice from Income tax department for high value information not appearing in Income tax return
Income Tax Department has identified certain high value information which does not appear to be in line with the Income...
Digitally signing the notice does not satisfy that notice was issued to assessee: Bombay High Court [Read order]
In view of the discussion made above, we hold that mere digitally signing the notice is not the issuance of...
What is the meaning of Total Income under Income Tax Act
In computing the total income of a previous year of any person, any income falling within any of the following...
31.12.2022 is the last date for filing Income tax return for AY 2022-23
However, w.e.f. 01.04.2021 it was announced by Income Tax Department that the due date for filing belated or revised return...
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GSTR 9/ 9C due date to be extended to 31.10.2020 | E-invoicing will be voluntary in the beginning
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How to pay Membership and COP fees of ICAI for 2020-21 |
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Code/ Nature of payment 6CR updated by NSDL in challan 281 for paying TCS on sale of goods
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Are all the due dates of tax audit and Income tax return for FY 2019-20 extended to 31.03.2021 by the bill presented in Lok sabha Dt. 18.09.2020
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SFT transaction mentioned in Form 26AS | What does it mean? | Who reports it? | SFT codes transaction type
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