Income tax refund cannot be adjusted against outstanding demand beyond the limit prescribed by CBDT: Bombay High court
Hon'ble Bombay High court in case of Vrinda Sharad Bal Vs. The Income Tax Officer, Ward 22(3)(5), Mumbai and others...
Thursday, August 20, 2026
Comparison between new tax regime i.e. section 115BAC and old tax regime under Income tax | Income head wise comparison
Now let's have a look at the income head wise difference between the two provision. As we know there are...
TDS rate chart for AY 2022-23 released by CBDT | Income tax department
Now CBDT has released rate chart for same so that people can deduct correct TDS. It is important to note...
Capital gain details to be submitted by Mutual funds houses under SFT for pre-filled ITR
However, it is advisable to not rely on this information completely and also take assistance of a tax expert for...
Income tax department issues clarification regarding seeking information about unaccounted cash from hospitals accepting payment above Rs. 2 lakh in cash
The Finance Ministry has not issued any directive to CBDT in this regard. Further, unlike as reported, the CBDT has...
Time limit for issuing assessment notice u/s 143(2) in case of revised return or a defective return
Thus, from the above order inference could be drawn that once a revised return is filed a new return comes...
Exemption/ Deduction cannot be disallowed to Charitable trust just because Form 10 was not filed within due time – Gujarat HC
This Court took the view that the benefit of exemption should not be denied merely on account of delay in...
Now hospitals and other covid centres can accept Cash above Rs. 2 lakh | CBDT relaxes provision of section 269ST
Now looking at the current situation of pandemic CBDT has vide notification Dt. 07.05.2021 decided to provided a relaxation to...
DTC of ICAI arranges discount on various books related to Income tax act by different publishers for it’s members
(i) Direct Taxes Committee of ICAI enters into an arrangement with Taxmann Allied Services Private Limited w.r.t Virtual Books- Income-tax...
Assessment Order passed before the due date for reply to show cause notice not valid. High court grants stay on such proceedings | Delhi high court
Although, a reply qua SCN was prepared by the petitioner it could not be filed as the assessment order was...
CBDT provides rules for depositories to submit SFT details relating to capital gain income on listed securities | Pre-filled ITR
Hence, based on the above information it looks like all the details related to income from capital gain will be...
Threshold limit prescribed by CBDT for determining “Significant Economic presence” of a business in India | Now many online portals will be taxed in India | Digital tax
If we look at the threshold mentioned above it is very small and hence this will cover many online businesses...
Forgot to file your Income tax return for AY 2020-21 or received notice for high value transaction? Now you can file your ITR from home with our experts
Why should you file your Income tax return? Once we have discussed the who let's now discuss the why. Below...
CBDT extends time limit for updating UDIN for Audit report and certificate on e filing website till 30.06.2021
Earlier, CBDT has provided a relaxation for validation of audit report and certificate on e filing website till 30.04.2021.Now, CBDT...
CBDT extends due date for filing belated and revised return for AY 2020-21 till 31.05.2021
CBDT extends various due dates under Income tax act till 31.05.2021. The above relaxation comes after increasing cases of Covid-19...
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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
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