Amendment in Faceless Assessment scheme | Faceless Assessment Scheme 2021 | Income tax
Faceless Assessment scheme was launched full fledged for the cases of Assessment year 2018-19 and for cases of reassessment of...
Thursday, August 20, 2026
Now issuing fake invoices can even lead to attachment of your property under Income tax
Section 271AAD was introduced by Budget, 2020 wherein penalty was introduced for issuing fake invoices or omission of any entry....
Now senior citizen’s are not required to file Income tax return | Budget 2021
Budget 2021 was presented on 01.02.2021 in the parliament. Although there was no major announcements in the Budget for common...
What is Section 194Q- TDS on sale of goods introduced by Budget 2021? TDS u/s 194Q vs. TCS 206C(1H)
Budget 2021, was presented in Parliament on 01.02.2021 wherein although very few amendments were introduced in Direct tax as compared...
How to register as a legal heir on e filing website and file Income tax return | Who can register as a legal heir?
Although the soul of the person leaves the body after his/ her death but the Income tax department can still...
Options for rectification of Income tax return for AY 2020-21 now available on Income tax website
Finally the due dates for filing original Income tax return is over for most category of people except for those...
Time limits of return filing and assessment in Income tax which has been proposed to be reduced by Budget 2021
As we know that under Income Tax and many other law as well government is trying to increase the use...
2 Major amendments in Budget 2021 which would affect HNI – High net worth individuals
In our earlier post we had discussed in brief various changes made by Budget 2021 to Income tax and GST....
CBDT further extends due date for Vivad se vishwas scheme upto 28.02.2021
CBDT further extends the date for filing of declarations under the #VivadSeVishwas Act, 2020 to 28th February, 2021. Notification in...
Amendment made by Finance Act – 2020 which shall be applicable from 01.04.2021 i.e. AY 2021-22 | Pre budget facts
Amendment made by Finance Act: 2020 which are going to be applicable from AY 2021-22 are as under: Amendment to...
Why does Government increase surcharge and not basic tax slab rate? Probable Reason – Pre budget Facts
As Budget 2021 is round the corner, the major part of budget is Direct Taxes and in direct tax one...
Amount of remuneration prescribed under section 9A(3)(m) of the Income-tax Act, 1961
Amount of remuneration prescribed under section 9A(3)(m) of the Income-tax Act, 1961 Finance (No 2) Act, 2019, inter alia, amended...
Now penalty proceeding in Income Tax will be conducted under Faceless Penalty Scheme
After the success of Faceless Assessment and Faceless Appeal in Income tax now CBDT has even launched Faceless penalty scheme...
File Income tax return by tomorrow or pay Late fees of Rs. 10,000
Income tax return is an important yearly compliance which is done by most of the individuals. Initially the due date...
Due date for filing TDS return for Quarter 3 ending 31.12.2020 extended under Income tax act from 31.01.2021 to 31.03.2021??
As we had mentioned in our earlier post that Income tax department has extended various due dates under Income tax...
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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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