AO cannot travel beyond the scope of limited scrutiny without prior approval of appropriate authority – Jaipur ITAT
In a recent judgement of Hon'ble ITAT Jaipur pronounced on 27.02.2020 in case of Shri Sita Ram Swami v. The ITO,...
Friday, June 27, 2025
TDS on dividend received from domestic companies for equity shares – Section 194:
With Budget, 2020 our Hon’ble Finance Minister demolished Dividend Distribution tax and now dividend would be taxable in the hands...
12AA registration should be provided to new trust on basis of objects even when no activities have been performed – Supreme court
In a recent landmark judgement in case of Ananda Social & Educational Trust v. Commissioner of Income tax, Hon’ble Supreme...
Clause 30C and 44 of Tax Audit Report kept in abeyance for another year.
CBDT vide circular 10 of 2020 has kept clause number 30C and 44 of Tax audit report in abeyance till...
Constitutional validity of Leave encashment u/s 43B of the Income Tax act – Landmark Supreme Court Judgement
This judgement was announced in case of Union of India v. Exide Industries Ltd. (116 taxmann.com 378) Dt 24.04.2020 wherein...
Exemption/ deduction u/s 54F can also availed if amount is deposited in CGAS before filing of return u/s 139(4)
In a recent Judgement pronounced by Jaipur Tribunal in case of SMT. RENU JAIN NEW DELHI vs. ITO, WARD 5(2)...
Who will be considered as Resident individual after amendment in Budget 2020?
There was a confusion relating to the definition of resident as per section 6 when same was announced in Budget...
What is Form 67 which is required to take Foreign tax credit (FTC) and how do you file it?
Now with advancement in technologies and with Indian's working abroad or setting up companies in abroad and earning outside India...
Major updates relating to Vivad se Vishwas act, 2020 Dt. 22.04.2020
Vivad se Vishwas was announced as a dispute resolution scheme by Finance ministry to resolve the pending disputes under Income...
TDS on selling on E-commerce platform under Income tax act – Section 194-O
Section 194-O which deals with TDS by E-commerce operator on payment made to E-commerce participant was inserted by Finance Bill,...
Taxability of dividend after Dividend distribution tax (DDT) has been scrapped by Finance Bill, 2020
Dividend income was made exempt by virtue of section 10 (33) inserted by Finance Bill, 1997 which was later on...
TDS Rate Chart for FY 2020-21
With Budget 2020, major amendments made with regard to TDS are as under: 1. Amendment has been made in section...
CBDT modifies ITR to let people take benefit of extended time limit due to Covid-19
As we all know CBDT had extended date for filing revised return u/s 139(5) for A.Y. 2019-20 along with extension...
Income tax refunds released by CBDT amid Covid-19
As discussed in our earlier post relating to CBDT releasing refund for amount upto Rs. 5 lakh and how you...
Clarification on short deduction of TDS due to increase in surcharge by Finance (No. 2) Act, 2019
Recently CBDT vide circular 8/2020 had issued a clarification saying that an assessee won't be considered as assessee in default...
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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
- 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
- Budget 2025 updates | Income tax and GST updates
- Assessee receiving message for 80GGC donation for AY 2022-23 from Income tax department
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