CBDT extends last date for filing of Form No.10AB till 30.09.2022
The application for registration or approval under Section 10(23C), 12A or 80G of the Act in Form No.10AB, for which...
Tuesday, August 5, 2025
Penalty for linking Aadhar PAN reduced for first three months i.e. April 2022 to June 2022
However, Income Tax department has vide notification no. 17/2022 Dt. 29.03.2022 reduced the late fees amount to Rs. 500 if...
Income tax department sends message that some high value transaction does not appear in Income Tax return. What to do?
Income Tax Department has identified certain high value information which does not appear to be in line with the Income...
How to plan, save and reduce capital gain tax from share market before the end of financial year i.e. before 31st March
Thus, this is how losses save you taxes and one should plan his portfolio accordingly and check it 1-2 days...
Income Tax Department conducts searches in Maharashtra
The search also revealed evidences of borrowings on Hundi aggregating to Rs. 55 crore, and their repayment in cash in...
Due date to link PAN and Aadhar is 31.03.2022 | Penalty of Rs. 1,000 for not linking PAN-Aadhar and Higher rate of TDS
As per Rule 114AAA of Income Tax rules, if a person doesn’t link his PAN with Aadhar, PAN will become...
Income Tax Department conducts searches in a prominent Real Estate Group of North India
The key employees/business heads of various projects have stated the modus operandi of the group and have admitted that the...
Important clarification with regard to taxation on mining of cryptocurrency and set off of losses of Virtual digital asset in India
As per the proposed provisions of section 115BBH, infrastructure cost incurred in mining of VDA (eg. crypto asset) will not...
Assessment/ Scrutiny cases due for completion on 31.03.2022 transferred to jurisdictional AO from Faceless system
CBDT has vide internal circular and by way of order under section 114B and 119 of the Income Tax Act...
Income Tax Department conducts searches in Mumbai on cable operator
As a result of the search action, cash of Rs. 66 lakh has been seized. Digital data and documentary evidence...
Net Direct Tax collections for the F.Y. 2021-22 at Rs. 13,63,038 crore showing a growth of over 48.4% | More than collection in last many years
The gross collection of Rs. 15,50,364.2 crore includes Corporation Tax (CIT) at Rs. 8,36,838.2 crore and Personal Income Tax (PIT) including Security Transaction...
[Breaking news] CBDT has allowed Condonation in filing of Form 10-IC for section 115BAA for Assessment Year 2020-21
Hence, the extended due date for filing Form 10-IC is 30.06.2022, however it is important to note that as of...
CBDT issues circular with instructions/ FAQ on deduction of TDS on salary income under section 192 for FY 2021-22
CBDT has issued circular 04/2022 for FY 2021-22 on 15.03.2022 and in this circular, it has discussed various aspects of...
People receiving messages from Income tax department about some significant financial transaction being reported? What is it?
Attention XXXXX (PAN XXXXX0000X ) Income Tax Department has received information about certain significant financial transactions relating to FY 2021-22...
What is advance tax and who needs to pay it? Advance tax on income from stock market | 4th Installment due on 15th March
Each and every person whose tax liability during the year is above ₹ 10,000 (as per Section 208 of Income...
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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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