Do you have to pay any Tax on winning a Giveaway of any product on Youtube, Instagram or any other platform?
Nowadays with increase in craze of digital influencers more and more people or influencers are trying to catch more and...
Thursday, January 29, 2026
Can you ask for reason of reopening for cases reopened u/s 148 after 01.04.2021 | How to reply to 148 notice
Since AO is still reopening cases based on reason to believe, as an assessee you also should ask for reason...
Even your electricity bill, foreign travel can make you liable for filing Income tax return | Do read this or you might be liable to pay penalty of Rs. 1000
However, as per 7th proviso to section 139, if a person who is otherwise not liable to file Income tax...
CBDT extends due dates of various proceedings and order under Income tax act to 30.06.2021 in light of the raging pandemic
In the light of several representations received(supra) and to address the hardship being faced by various stakeholders, the Central Government...
Instructions for providing details of Dividend and Interest in SFT has been released by CBDT
In our earlier post we had mentioned that CBDT has introduced new transactions under SFT (Specified Financial Transaction) i.e. reporting...
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...
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...
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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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