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...
Wednesday, January 28, 2026
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...
Education cess is tax deductible and cannot be disallowed u/s 40(a)(ii) of the Income Tax Act – Bombay HC
The Bombay High Court in Sesa Goa Limited (ITA no. 17 and 18 of 2013) has held that education cess...
NEW DELHI TELEVISION LTD (NDTV) v. DEPUTY COMMISSIONER OF INCOME TAX – LANDMARK SUPREME COURT JUDGEMENT U/S 148
Above case is a Landmark Judgement passed by Hon'ble Supreme court in the case of NEW DELHI TELEVISION LTD (NDTV)...
TDS return and any other compliance due date extended to 30.06.2020
In our earlier post, based on the press release by Ministry of Finance relating to Taxation and other Laws (Relaxation of...
Re-confirm the refund claim – Do this to get your income tax refund
After the announcement was made on 08.04.2020 relating to release of refund in Income Tax upto Rs. 5 lakh many...
Things employer should keep in mind while deducting TDS from salary for FY 2020-21 – Section 115BAC
The new Financial year has started and along with it many people are now doing work from home because of...
Calculation sheet for comparison of tax payable under new and old tax regime for individual and HUF – 115BAC
As soon as new tax regime was announced in Finance Bill, 2020 people became curious and started calling their consultants...
A person can keep 2 house as self occupied property – Some issues.
Before Finance bill, 2019 a person could keep only one house as self occupied property and need to pay deemed...
Employee contribution to PM cares fund via employer
In this time of lockdown and when whole country is fighting against Corona virus government started PM cares fund and...
Clarification issued by CBDT regarding extension of validity of lower/ Nil deduction certificate
CBDT had issued various relaxation u/s 119 of the Income tax act wherein it was mentioned that those who have...
All About Deduction of housing loan Interest u/s 24(b) of the Income tax Act
Purchasing a house is one of the major investment by anyone during his life time and recently Ministry of Finance...
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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
- 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
- No relief under section 87A for capital gain even after date extended to file revised return for AY 2024-25?
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