Is there any penalty for non filing of Nil TDS return? Requirement for filing Nil TDS return.
TDS means Tax deducted at source. The concept of TDS in income tax act was introduced with an aim to...
Thursday, August 7, 2025
Who needs to file Income tax return in electronic form and who needs to sign it using digital signature
As per Income tax act each individual whose total income is in excess of Rs. 2.5 lakh during an year...
Donation by companies to PM cares fund tax deductible? Major amendment by Finance Bill, 2020 to section 115BAA and 115BAB
Section 115BAA and 115BAB to provide corporate tax rate relief to new manufacturing companies and existing companies. At the time...
Equalisation levy on E-commerce operator | All about equalisation levy
Equalisation levy has been defined under Equalisation levy Act as: "the tax leviable on consideration received or receivable for any...
Major Changes applicable from 01.04.2020 in Income tax
Major Changes in Income Tax act which one needs to keep in mind while accounting for F.Y. 2020-21: 1. Dividend...
Relief from TDS/ TCS provisions amid Corona Virus Pandemic
CBDT vide order u/s 119 of the Income tax act has provided the following relief in relation to TDS and...
Investment u/s 54EC cannot be made till 30.06.2020 for sale of asset before 20.09.2019
Recently an ordinance was passed by Ministry of finance extending various due dates amid corona virus pandemic. In this ordinance...
Do you need to collect TCS on export sale u/s 206C?
In the Budget Announced on 01.02.2020, Honorable Finance Minister had announced an amendment in TCS provision wherein TCS was required...
Can you make investment for 80C deduction after 31.03.2020 for F.Y. 2019-20
Deduction under Chapter VI-A includes deduction u/s 80A to 80VV, however we are mostly aware about section 80C to 80U...
Amendment to section 194N by Finance Bill Passed in Loksabha on 23.03.2020
Earlier Section 194N was intended to deduct TDS on cash withdrawal by any person during a year above Rs. 1...
New Amendments done in Finance Bill, 2020 passed without debate in Lok Sabha
Update: Finance Bill, 2020 received assent from President on 27.03.2020 and is now an Act. Finance Bill, 2020 was presented...
Last opportunity to file Income tax return for F.Y. 2018-19 | Belated return u/s 139(4) of the Income tax Act
In general terms belated return means return filed after the due date of filing return of income. However as per...
Vivad se Vishawas Forms released along with rules | Forms available on E filing website
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 is now an act – Received President Assent | Forms on E-filing website
Vivad se Vishwas Bill is now an act as it receives President's assent on 17.03.2020. The updated act has been...
Sale of listed mutual fund by an NRI wont be liable to Income tax
Section 47 states various transaction or transfer which wont be liable for Capital gain tax. In this regard CBDT vide...
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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
- 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?
- 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
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