Functionality added on E-filing website to check status of last 3 years ITR as per section 194N
Section 194N was reintroduced by Finance Act, 2020 and same is now applicable from 01.07.2020.According to the above section any...
Saturday, June 28, 2025
Rule 31A (governing TDS statement) amended by way of notification to include 194K, 194N, 194-O etc
CBDT vide notification Dt. 03.07.2020 has amended rule 31A which provides rule for TDS statement. As we know Budget 2020,...
Taxability of gratuitous payment by Company to employee’s family on his/ her death
Many a times there is situation where employee die at work place due to safety or concerns failure of machinery...
CBDT issues corrigendum to extension of time limit dt. 24.06.2020
CBDT vide notification/ ordinance dt. 24.06.2020 has extended various time limits under Income Tax. Now CBDT has issued an corrigendum...
ITR 2 for AY 2020-21 is now available for filing on e-filing website | Who can file? What are the changes in ITR 2
As we know ITR for AY 2020-21 or FY 2019-20 were notified by Income Tax department vide notification Dt. 29.05.2020. Now, on...
Did recent notification of Income Tax on 24.06.2020 extended all due dates to 31.03.2021
On 24.06.2020 a notification was issued by Ministry of Finance notifying all the extension of due dates which were announced...
ITR due date for FY 2018-19 extended | TDS return due date extended | Ordinance issued
As we know during this pandemic CBDT was issuing press release for many decisions. However such press releases cannot be...
Employee’s share of EPF deposited after due date but before due date u/s 139 allowed as deduction – 36(1)(va) | A controversial topic
ESI and PF are statutory liability of an employer if it crosses a certain number of employees as mentioned in...
Deduction partner remuneration while declaring income under Presumptive taxation scheme
Under Income Tax act, a few sections have been added which are known as presumptive taxation section and it includes...
Now you cannot generate ITR Acknowledgement/ ITR-V until you e-verify your return or send it to CPC Bangalore | New update to ITR V
As we know ITR for FY. 2019-20 were released. Also ITR 1 and ITR 4 are now available for filing...
Interest on late payment of TDS for 4th quarter of FY 2019-20 | Read this and you could save 1 month interest on late payment of interest
As we know because of lockdown all the business and banks were closed and many places are still not fully...
No extension of due date for payment of Advance Tax | Due date for 1st installment 15th June
As we know people who have tax liability of more than Rs. 10,000 during a year have to pay advance...
Cost inflation index to calculate capital gain in FY 2020-21
Cost inflation index in Income Tax is used to give inflation effect to cost for long term capital asset purchased...
New tax rate for Co-operative society – Section 115BAD | Budget 2020
Meaning of co-operative society under Section 2(19) of the Income Tax Act, 1961, is defined as “a cooperative society registered...
Growth Trajectory of Direct Tax Collection & Recent Direct Tax Reforms
There are reports in a certain section of media that the growth of direct taxes collection for the FY 2019-20...
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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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