One time relaxation by CBDT to validate all previous UDIN on e filing website till 31.12.2020
There are Lot of Queries with regard to Validation of UDIN by CBDT. From 27th November the CBDT has made...
Saturday, August 9, 2025
Representation made by many tax practitioner groups for extension of Income tax return and tax audit due date
As of Now the due date under Income tax are as under: Due date- 31 December 2020: Return of income...
CBDT issues circular about TDS on salary income under section 192 for FY 2020-21
Salary income is one such salary where most of the tax is deducted by the employer himself and hence the...
Gift to non resident by a resident Indian would be taxable in India
Gift, as we had discussed in our earlier post, that it is out of natural love and affection, without consideration...
Further FAQ on Vivad se vishwas by CBDT on 04.12.2020
Recently the due date for applying to Vivad se vishwas - dispute resolution scheme has been extended to 31.12.2020 and...
TCS collected by Bank for foreign remittance reflecting in bank statement u/s 206C(1G)
Are you a professional using your savings bank account to send money outside India to freelancer who work for you...
How to show gift received from relative in Income tax return | Taxability of gift received under Income tax
Gift in simple terms means receiving anything without consideration. This is a very common thing where people receive gifts from...
Income tax E-filing portal now integrated with UDIN portal of ICAI for validation of UDIN
In our earlier post we have mentioned that it will be mandatory to now validate UDIN within 15 days of...
Instruction sheets for ITR 2 to 7 have been revised for better clarity
CBDT has revised instruction sheet for ITR 2 to 7 on 22.11.2020. Instruction sheets of the ITR helps one in...
Receiving e-mail for TDS from e-commerce aggregators like Amazon, Flipkart, Freelancer | What does this e-mail mean?
A new section 194-O was introduced in Income Tax act by Budget 2020. We have discussed the section in detail...
Employees opting for new tax regime won’t be eligible for benefit of LTC stimulus package
Lower tax regime u/s 115BAC was introduced by Budget 2020 for individuals wherein various different slabs were announced for individual...
FAQ related to Special cash package for Leave travel concession (LTC) announced by Central government
Ministry of Finance on 12.10.2020 had announced cash package against Leave travel concession for government employees for the block period...
Special cash package for leave travel concession announced by Central government for government and non government employees
Central government on 12.10.2020 has announced a special cash package in lieu of leave travel concession (LTC) fare for government...
Pre-filled ITR now available for ease of tax payers: AtmaNirbhar Bharat 3.0
Our Hon'ble Finance minister in her Speech for Atmanirbhar bharat had announced that they are launching Pre-filled ITR's for the...
Income tax relief announced for Home buyers and developers for value upto Rs. 2 crore – Atmanirbhar Bharat
Our Hon'ble Finance Minister Smt. Nirmala Sitharaman had held a Press conference on 12.11.2020 to announce various schemes under Atma...
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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
- 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?
- 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
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