High value transaction compliance notice for FY 2019-20 | Income tax department should check mechanism before sending notices
In our earlier post we had discussed that many people are receiving compliance notice for FY 2019-20 after they have...
Sunday, June 29, 2025
CPC shall process the Form for re-registration of the Trust under Form 10A and not your local Income tax officer
We had discussed earlier that Form 10A has been released for re-registration of Charitable Trust u/s 12AB who were already...
Can you File Income tax return after all due dates have ended and after end of Assessment year
It might happen that a person has not filed his return because he was not aware whether he is liable...
Landmark Supreme Court Judgement on purchase of software by resident from non-resident manufacturer considered as Royalty or not? | Does it hold good in todays’ world?
Hence, Hon'ble Supreme Court ruled that any such software sale are just sale of goods as per Income tax act...
TCS collected at 0.75% on sale for which invoice raised before 01.04.2021 | Do you need to collect remaining 0.25% TCS if payment received after 01.04.2021
TCS on sale of goods was introduced under section 206C(1H) in Budget 2020, wherein a person had to collect 0.1%...
Can Assessing officer issue notice u/s 148 after 01.04.2021 for previous 6 years?
Section 148 deals with Issue of notice where income has escaped assessment. If an assessing officer wishes to make assessment u/s...
Higher TDS rate for non-filers of Income tax return – Section 206AB
Till date higher TDS was being deducted under Income tax Act u/s 206AA only where assessee was not having valid...
Amendment in Tax audit rules and Tax audit report for FY 2020-21 | Now you can revise Tax audit report
CBDT has vide notification Dt. 01.04.2021 made various changes to Tax audit rules especially for incorporating the changes of Finance...
Instructions to File ITR 1 and 4 ITR using offline utility for AY 2021-22 | File ITR 1 and 4 with experts on Taxontips
In our earlier post we had discussed that now ITR 1 and 4 utility is available on e filing website...
Did you receive Income tax assessment notice u/s 143(2)/ 142(1) for AY 2019-20? | Very few assessment done for AY 2019-20 | Should you be happy?
Income tax assessment is post-mortem and checking of your Income tax return and income by Income tax department as Income...
One PAN allotted to two different person – Is it possible?
PAN number is a very important document and this is a person's identity before the income tax department, but what...
Receiving Compliance notice for high Credit card transaction and non-filing return of income
Do you use Credit card or let other's use your credit card for just some rewards or points? Then this...
Received High value transaction message for FY 2019-20, but cannot do anything as no revised return can be filed now | Let’s discuss
As we know CBTD has started using Compliance portal extensively for sending alerts to assessee regarding some high value transaction...
ITR 1 and 4 utility are now available for FY 2020-21 i.e. AY 2021-22 | File ITR with experts on Taxontips
As we had discussed in our earlier post that Forms for ITR 1 to 7 were made available by Income...
ITR 1 to 7 have been notified by CBDT for AY 2021-22 or FY 2020-21
A few months back we had completed filing of ITR for FY 2019-20 and now CBDT has notified ITR for...
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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
- 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
- Budget 2025 updates | Income tax and GST updates
- Assessee receiving message for 80GGC donation for AY 2022-23 from Income tax department
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