Section 194-O not applicable on E-auction and clarification of applicability of TDS provision on government department
it is clarified that the provisions of section 194-O of the Act shall not apply in relation to e-auction activities...
Thursday, January 29, 2026
Income Tax Department conducts searches on a leading Gutkha distributor in Gujarat
The search action, so far, has led to the detection of unaccounted income of more than Rs. 100 crore. Out of...
Important documents & things one should have while Filing Income tax return in India
The important documents and information one needs to have before filing their Income tax return if as under: 1. Form...
Income Tax Department conducts searches in Gujarat
The evidences clearly indicate evasion of taxable income by adopting various modus-operandi such as suppression of production, use of bogus...
Higher rate of depreciation announced for purchase of car between 23.08.2019 to 31.03.2020 will still continue in FY 2020-21 and onwards
The new rate of depreciation for cars was kept at 30% as compared to the existing depreciation rate of 15%...
Paytm IPO Listing gain and capital gain tax on selling shares in IPO allotment | Capital gain on IPO
Paytm IPO Subscription Status The Paytm IPO is subscribed 1.89 times. The public issue subscribed 1.66 in the retail category,...
Taxpayers’ Lounge of Income Tax Department set up at IITF, 2021
A Taxpayers’ Lounge has been set up by the Income Tax Department in India International Trade Fair, 2021 at Pragati...
Payment made to non-resident for online advertisement cannot be considered as royalty and same is not liable to tax in India: ITAT Bangalore
The above judgement has been passed by Hon'ble ITAT, Bangalore in case of M/s. Myntra Designs Pvt. Ltd. Vs. Deputy...
How to add and pre-validate a bank account on e-filing website | E-filing 2.0
The My Bank Account service is available to all registered taxpayers on the e-Filing portal (post-login), who have a valid PAN and...
FAQ for filing Rectification request under section 154 on e-filing portal against notice or intimation | E-filing 2.0
1. When do I need to submit a rectification request? A request for rectification can be submitted on the e-Filing...
Income Tax Department conducts searches in Maharashtra
The Income Tax Department carried out search and seizure operations on 27.10.2021 at the Headquarter and one of the branches...
NYKAA IPO Listing gain and capital gain tax on selling shares in IPO allotment | Capital gain on IPO
The Nykaa IPO is subscribed 81.78 times. The public issue subscribed 12.24 in the retail category, 91.18 in the QIB...
E-settlement scheme, 2021 announced by Income tax Department
This Scheme shall be applicable to pending applications in respect of which the applicant has not exercised the option under...
Income Tax Department conducts searches in Jammu & Kashmir and Punjab
The search action has resulted in seizure of unaccounted cash of Rs. 63 lakh and jewellery of Rs. 2 crore....
Income Tax Department conducts searches in Rajasthan
The Income Tax Department carried out search and seizure operations in border districts of Rajasthan on 28.10.2021 covering 33 premises...
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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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