Instructions for filing Form 15E online for certificates under section 195(2) and 195(7) of the Income Tax Act
it has been decided that no such request for issue of the certificates for a particular financial year shall be...
Tuesday, August 5, 2025
Freebies given to doctors by Pharmaceutical companies cannot be claimed as expense under section 37 of Income tax act: Supreme Court of India
The conceded participation of the assessee- i.e., the provider or donor- was plainly prohibited, as far as their receipt by...
Income Tax Department conducts searches in Mumbai
The evidences so seized strongly indicate a close nexus between these contractors and the said person. Particulars of about 3...
Income Tax Department conducts searches in a major Telecom Group
The ultimate shareholding of the group lies with a foreign entity of a neighbouring country. The searches, which were spread...
Does partnership firm has to deduct any TDS on payment of interest or remuneration to partner who is non-resident?
In our opinion the above amount won't be considered as interest on money borrowed and hence could be liable for...
Division bench of Madras High Court Quashes notice issued u/s 148 after 01.04.2021
In view of the ratio propounded by the Allahabad and Delhi High Courts on the subject, the reassessment notices under...
More than 6.2 crore Income Tax Returns(ITRs) and about 21 lakh major Tax Audit Reports(TARs) filed on the new e-Filing portal
Over 1.91 lakh Form 3CA-3CD and 17.26 lakh Form 3CB-3CD have been filed in FY 21-22. More than 1.84 lakh...
How to calculate and pay additional Tax on updated return | Section 140B | Budget 2022
Finance bill, 2022 has introduced section 140B of the Income tax act wherein such person is required to pay additional...
Now file updated Income tax return within 2 years from the end of relevant assessment year | Detailed Discussion | Budget 2022
Who can file the updated return? Anyone can file the updated return irrespective of whether the person has filed original...
Around 6.17 crore (ITRs) and about 19 lakh (TARs) filed on new e-Filing portal of Income Tax Department
Out of 6.17 crore ITRs filed for AY 2021-22, 48% of these are ITR-1 (2.97 crore), 9% is ITR-2 (56...
Kolkata High court single bench judge quashes notice issued u/s 148 of the IT act issued after 01.04.2021
The below mentioned judgement was pronounced on 17.01.2022 in Kolkata High Court by Hon’ble Mr. Justice Md. Nizamuddin in case...
Procedure for Re-filing of Form 15CA and 15CB on e-filing portal which were issued manually between 07.06.2021 to 15.08.2021
Therefore, CBDT has come up with an update wherein it was announced that till next announcement assessee and Chartered Accountants...
[Breaking News] India will now charge tax on Digital asset including cryptocurrency, NFT etc at 30%: Section 115BBH
As per the above provision below are bullet points for taxation of digital asset: Income from Digital asset shall be...
Rajasthan High Court division bench also quashes 148 proceedings initiated after 01.04.2021 [Read order]
In the result we find that the notices impugned in the respective petitions are invalid and bad in law. The...
Form 10-IC not filed in AY 2020-21 before filing of Income tax return by companies and demand raised in intimation order
Further, it has been seen that in case where companies had opted for lower tax rate under section 115BAA, then...
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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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