Guidelines for compulsory selection of returns for Complete Scrutiny during the Financial Year 2022-23
As per the amendments brought by Finance Act 2021, the time limit for service of notice u/s 143(2) of the...
Thursday, January 29, 2026
Instructions issued by CBDT in response to judgement passed by Hon’ble Supreme court in case of notice issued u/s 148 after 01.04.2021
CBDT has issued this instructions while reading it with the extension provided in TOLA and stating that this will extended...
3 new transaction prescribed by Income Tax department where mentioning PAN or Aadhar is mandatory
CBDT has vide notification no. 53 of 2022 dt. 10.05.2022 prescribed 3 new transactions in relation to cash deposit, cash...
Supreme court Judgement on controversial issue of notice u/s 148 issued after 01.04.2021 passed in favor of Revenue | Detailed analysis of full judgement
The Supreme court has not completely reversed judgement of High courts, as high courts have also mentioned that AO were...
Income Tax Form for filing Updated return announced by Income Tax Department | ITR-U
Assessee can file updated return for assessment year commencing on the 1st day of April, 2020 and subsequent assessment years...
Timeline to Update/ Validate UDIN on e-filing website has been extended to 31.05.2022
Income Tax department has extended timeline to validate/ update UDIN on e-filing website from 30.04.2022 till 31.05.2022.
Income Tax e-filing website sending messages to CA | 30.04.2022 last date to update UDIN on e-filing website
The below mentioned mail is being received by the Chartered Accountant registered as such on Income Tax Portal and who...
New conditions prescribed under seventh proviso of section 139 for individuals who need to compulsorily file Income tax return
Now, CBDT has prescribed some other conditions under fourth clause of above proviso vide notification No. 37/2022 Dt. 21.04.2022 wherein...
Form 10-IC now enabled for AY 2020-21 as per condonation under circular 6 of 2022
The two conditions required while filing Form 10-IC for AY 2020-21 are as under: The return for AY 2020-21 for...
E-dispute Resolution scheme, 2022 announced by Income Tax department for small taxpayers
This, scheme is a bit different from Vivad se vishwas scheme and other dispute resolution scheme which have been announced...
TDS credit can be claimed in a year even when corresponding income was offered for tax in earlier year | Delhi ITAT | Case law
Thus, in the present case where the assessee has claimed to have offered the revenues for tax in previous years...
Facility for CA to update and validate UDIN of tax audit report and other audit report forms enabled on e-filing website filed after April 2021
Please note that this functionality may not be used for updating UDIN for Forms submitted prior to April 2021. In...
Canada, USA and UK listed as notified country under section 89A for taxation of income from retirement benefit account
Section 89A deals with providing relief from taxation on income from retirement benefit account maintained in a notified country wherein,...
Intimation issued u/s 143(1) of the Act for AY 2020-21 does not allow depreciation on adjustment of WDV due to additional depreciation to companies opting for section 115BAA
To resolve the issue Income Tax department should take an initiative, issue a circular, reprocess all the returns and provide...
39 more amendments in Finance Bill which was implemented in Finance Act, 2022 received assent of President
1) Loss from one Virtual Digital Asset (VDA) cannot be set-off against income from another VDA. 2) Definition of ‘transfer’...
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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
- Taxation and Income tax return of Foreign Companies Earning Income from India under special rates
- Income Tax Department’s NUDGE Initiative 2025-26: A Clear Warning for Taxpayers to Ensure Accurate Reporting
- Notice from Income tax department e-verification cell for non-filing ITR. How to respond
- 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?
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