Section 115BAA and 115BAB to provide corporate tax rate relief to new manufacturing companies and existing companies. At the time...

Equalisation levy has been defined under Equalisation levy Act as: "the tax leviable on consideration received or receivable for any...

Major Changes in Income Tax act which one needs to keep in mind while accounting for F.Y. 2020-21: 1. Dividend...

CBDT vide order u/s 119 of the Income tax act has provided the following relief in relation to TDS and...

Recently an ordinance was passed by Ministry of finance extending various due dates amid corona virus pandemic. In this ordinance...

In the Budget Announced on 01.02.2020, Honorable Finance Minister had announced an amendment in TCS provision wherein TCS was required...

Deduction under Chapter VI-A includes deduction u/s 80A to 80VV, however we are mostly aware about section 80C to 80U...

Earlier Section 194N was intended to deduct TDS on cash withdrawal by any person during a year above Rs. 1...

Update: Finance Bill, 2020 received assent from President on 27.03.2020 and is now an Act. Finance Bill, 2020 was presented...

In general terms belated return means return filed after the due date of filing return of income. However as per...

Vivad se Vishwas received assent of President on 17.03.2020 and on 18.03.2020 Forms were released by notification in the Gazette...

Vivad se Vishwas Bill is now an act as it receives President's assent on 17.03.2020. The updated act has been...

Section 47 states various transaction or transfer which wont be liable for Capital gain tax. In this regard CBDT vide...

As we all know Income tax department is going paperless, linking all our accounts and tracking all our financial activities...

Planning of capital gain income is a huge part of many cases and people usually earn a huge amount in...