What is advance tax and who are liable to pay advance tax?
As the name suggest any payment of tax made during the financial year for that financial year itself is known...
Thursday, June 26, 2025
Higher Depreciation for new vehicles purchased in Income Tax w.e.f. 23rd August 2019
Vide notification no. 69/2019, Central Board of Direct Taxes (CBDT) has made an amendment to Income tax rules, 1962 and...
Investing your capital gain amount in Bonds under section 54EC still a good option to save capital gain tax?
Section 54EC was introduced from 01.04.2001 as a section to provide deduction from capital gain earned on any long term...
Due date to link Aadhar card with PAN card extended till 31st December 2019 | Procedure to link PAN with Aadhar
After Aadhar card was launched it was announced that same needs to be linked with PAN card compulsorily, however the...
Faceless scrutiny in Income Tax is now a reality. New E-assessment procedure started
Hon'ble Finance Minister, while presenting the Budget, 2019, made an announcement in her speech that a new scheme of faceless...
Long Term capital gain on listed shares now taxable @10% u/s 112A of the income tax act.
Long term capital gain on sale of listed security shall be Applicable on any sale of listed security after 1.4.2018...
Received notice/ Intimation u/s 143(1) – Know what does it mean and how to reply?
Whenever we receive any notice from Income Tax department we start worrying even if we hadn’t done anything wrong. In...
Penalty u/s 234F for late filing of income tax return along with some disadvantages
In this post we will discuss about the various penalties, interest and disadvantages you can face if you file your...
Interest u/s 234A applicable even if you pay income tax before due date of filing Income tax Return?
As per section 234A of the income tax Act if you have paid tax before the due date of filing...
Section 115BAB – 15% Tax on newly incorporated manufacturing Companies
On Friday, 20th September, 2019 everyone was ready for some announcement regarding discontinuance of GSTR 9 etc from our Finance...
Due date for Tax audit for A.Y. 2019-20 extended from 30th September to 31st October
However you still need to pay interest for tax payable after 30th September 2019
CBDT gives clarification with regard to filing of ITR – 5, 6 and 7.
Question 1: In the Form ITR-6, an unlisted company, other than a start-up, is required to furnish details of shareholding...
ITR 6 modified just before return filing due date.
The due date for filing return of income is 30th September and CBDT has released new schema for companies in...
Section 115BAA – 22% Tax on non-manufacturing Companies (Better than normal 25% tax rate)
On Friday, 20th September, 2019 everyone was ready for some announcement regarding discontinuance of GSTR 9 etc from our Finance...
Tax rate of domestic companies slashed/ reduced to 15% and 22% – What’s the truth? – A Summary
On Friday, 20th September, 2019 everyone was ready for some announcement regarding discontinuance of GSTR 9 etc from our 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
- 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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