Income Tax News
Issues while signing Form 15CB on e-filing portal with Digital Signature | Resolved
However, in past few days the Chartered Accountant's have been facing issue while submitting such Form 15CB wherein the digital...
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‘AIS for Taxpayer’ Mobile App rolled out by Ministry of Finance for taxpayers to check AIS on the go
Taxpayers can use the mobile app to view their information related to TDS/TCS, interest, dividends, share transactions, tax payments, Income...
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Income tax department runs campaign to allow e-verification of return after 120 days for AY 2022-23
It is observed that your ITR is filed between 1.4.2022 to 31.07.2022 for AY 2022-23 and not verified within 120...
Read moreCBDT’s e-Verification Scheme harnesses information technology to facilitate voluntary compliance
On a pilot basis, in about 68,000 cases, information of financial transactions pertaining to FY 2019-20 has been taken up...
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Direct Tax Collections for F.Y. 2022-23 up to 10th March 2023
So far as the growth rate for Corporate Income Tax (CIT) and Personal Income Tax (PIT) in terms of gross...
Read moreFormat of Form 26AS changed by Income tax department | Advance tax and self assessment tax not available in Form 26AS
However, in past 1-2 days we have seen that Income Tax department has changed the format and nature of information...
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Income tax calculator for AY 2024-25 with changes proposed by Finance Bill, 2023 released by Income tax department
No amendment has been proposed in the old Tax regime for Individual and HUF but amendments have been only proposed...
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CBDT notifies Income Tax Return Forms in PDF for Assessment Year 2023-24 well in advance
The Central Board of Direct Taxes (CBDT) has notified Income-tax Return Forms (ITR Forms) for the Assessment Year 2023-24 vide...
Read more![[Live] Updates and Tax changes for Budget 2023 | Tax on cryptocurrency | Income tax and GST udpates in Budget 2023 [Download Bill]](https://www.taxontips.com/wp-content/uploads/2023/02/Budget-2023-350x250.webp)
Amendment proposed in Charitable trust, assessment proceedings by Finance Bill, 2023
The utilization of corpus, loans or borrowings by a charitable or religious trust prior to 01-04-2021 will not be considered...
Read moreImportant Direct Tax Amendments in Budget 2023 for individual and business owners
Considering the above standard deduction and new tax slabs it was mentioned in the Parliament that a salaried employee will...
Read moreCBDT instructs Income tax officer to complete 148/ 147 assessment before 31.05.2023
In the said instructions a video conference of Hon'ble CBDT chairman has been discussed wherein it has been mentioned that...
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Consequences of Accepting cash while selling a Immovable property, land or house | 100% Penalty
However, is it correct that one could accept consideration in cash while selling house or land and there are no...
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Clarification regarding GST rates and classification of certain goods based on the recommendations of the GST Council in its 48th meeting held on 17th December, 2022
It is hereby clarified that the applicable six-digit HS code for the aforesaid goods with description ‘Carbonated Beverages of Fruit...
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E-mail from TRACES to deductors explaining the e-verification scheme. What to do?
So, if we go through the e-mail it is mostly regarding a new feature being introduced by the Income tax...
Read moreLimit of SFT reporting in case of interest removed by Income Tax Department
CBDT has vide notification no. 01/2023 Dt. 05.01.2023 removed any limit for filing SFT report u/s 285A of the Income...
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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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