Forms 26AS has been omitted | Now Annual Information statement will replace Form 26AS
Vide a notification, CBDT has scrapped earlier 26AS where credit of tax paid and refund received used to be shown...
Wednesday, July 29, 2026
Father cannot sale shares or use proceeds of sons share being guardian of minor son without permission from court: Chennai Tribunal
In the present case assessee is famous cricketer and former captain of Indian cricket team K. Srikanth. Assessee along with...
No disallowance u/s 14A if exempt income not earned during the year – Mumbai Tribunal
In a recent judgement by Mumbai Tribunal Dt. 14.05.2020 in case of Deputy Commissioner of Income-tax v. JSW Ltd. it...
Safe harbour rules 10TD and 10TE amended by CBDT
Safe harbour refers to the circumstances under which income tax authorities will accept the transfer price declared by the assessee...
Relaxation for B2B businesses from provision of section 269SU
As we know a few months ago each person whose turnover was above Rs. 50 crore in previous year had...
Payment to Non resident for event outside India to promote business in India liable to TDS in India | Mumbai Tribunal
In a recent judgement by ITAT Mumbai in the case of Volkswagen Finance Pvt Ltd v. Income Tax Officer (International...
Due date for depositing money under capital gain account scheme for FY 2019-20 is 30.11.2020
As we know due date for making investment u/s 54 to 54G or 80C was extended to 30.06.2020 by way...
New TDS/ TCS rate applicable from 14.05.2020 to 31.03.2021 after relief announced on 13.05.20
As we know a relief was announced by our Hon'ble FM on 13.05.2020 wherein various direct tax relief was also...
TDS rate reduction | ITR due date 30.11.2020 for all | Other Direct tax relief – Covid- 19 relief announced on 13.05.2020
The various direct tax relief announced are as under: 1. TDS rate shall be reduced by 25% and this shall...
Notice received for claiming HRA exemption u/s 10(13A) and deduction 80GG for rent paid simultaneously
One of the major deductions for salaried employee from their salary is HRA i.e. House Rent allowance where the maximum...
Section 80M – Deduction in respect of certain intercorporate dividends.
As we know Finance Act, 2020 has scrapped Dividend Distribution Tax (DDT) and therefore dividend is now a taxable income....
Rescue for NRI from higher TDS deduction when no PAN is available u/s 206AA: Rule 37BC
We know that TDS in most cases of payment made to NRI is covered under section 195. Now there are...
What is the meaning of notice for transfer of rectification rights to Assessing officer
As soon as we receive some communication or notice from Income tax department we start to panic even if we...
Re-registration of already registered institution u/s 10(23C), 12A, 12AA, 35 and 80G deferred to 01.10.2020
As we all know Budget, 2020 in order to increase it's database in relation to trust and to check whether...
Clarification on residential status by CBDT in Income tax because of Covide-19 pandemic
As we all know either people are under lock down or in quarantine because of this pandemic and many of...
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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
- GIFT City Investments and Schedule FA Disclosure
- 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
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