Direct Tax Collections for F.Y. 2022-23 up to 10th March 2023
So far as the growth rate for Corporate Income Tax (CIT) and Personal Income Tax (PIT) in terms of gross...
Monday, August 4, 2025
Format of Form 26AS changed by Income tax department | Advance tax and self assessment tax not available in Form 26AS
However, in past 1-2 days we have seen that Income Tax department has changed the format and nature of information...
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...
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...
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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
- Default under TDS for 20% TDS or short deduction? Here is a relief from non-linking of Aadhar-PAN
- Received Notice Under Section 143(2) of Income Tax Act? Here’s Why You Got It and How to Tackle It Effectively?
- Statutory Compliance Calendar for June 2025 | Income tax, GST and various other laws
- Statutory Compliance Calendar for May 2025 | Income tax, GST and various other laws
- ITAT Mumbai: Capital Gains on Indian Mutual Funds Not Taxable in India for Non-Residents under DTAA [Case law]
- Statutory Compliance Calendar for April 2025 | Income tax, GST and various other laws
- No relief under section 87A for capital gain even after date extended to file revised return for AY 2024-25?
- Statutory Audit of Cash and Cash Equivalents in Indian Companies [Company Law]
- Statutory Audit of Trade Receivables in Indian Companies [Company law]
- Statutory Compliance Calendar for February 2025 | Income tax, GST and various other laws
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