Income Tax News
How to plan, save and reduce capital gain tax from share market before the end of financial year i.e. before 31st March
Thus, this is how losses save you taxes and one should plan his portfolio accordingly and check it 1-2 days...
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Income Tax Department conducts searches in Maharashtra
The search also revealed evidences of borrowings on Hundi aggregating to Rs. 55 crore, and their repayment in cash in...
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Due date to link PAN and Aadhar is 31.03.2022 | Penalty of Rs. 1,000 for not linking PAN-Aadhar and Higher rate of TDS
As per Rule 114AAA of Income Tax rules, if a person doesn’t link his PAN with Aadhar, PAN will become...
Read moreIncome Tax Department conducts searches in a prominent Real Estate Group of North India
The key employees/business heads of various projects have stated the modus operandi of the group and have admitted that the...
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Important clarification with regard to taxation on mining of cryptocurrency and set off of losses of Virtual digital asset in India
As per the proposed provisions of section 115BBH, infrastructure cost incurred in mining of VDA (eg. crypto asset) will not...
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Assessment/ Scrutiny cases due for completion on 31.03.2022 transferred to jurisdictional AO from Faceless system
CBDT has vide internal circular and by way of order under section 114B and 119 of the Income Tax Act...
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Manual filing of application allowed in Form No.3CF for seeking approval under section 35(1 )(ii)/(iia)/(iii) of the Income-tax Act,1961
(i) Applicants seeking approval under section 35(1 )(ii)/(iia)/(iii) of the Act may file the application in Form No.3CF physically during...
Read moreIncome Tax Department conducts searches in Mumbai on cable operator
As a result of the search action, cash of Rs. 66 lakh has been seized. Digital data and documentary evidence...
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Net Direct Tax collections for the F.Y. 2021-22 at Rs. 13,63,038 crore showing a growth of over 48.4% | More than collection in last many years
The gross collection of Rs. 15,50,364.2 crore includes Corporation Tax (CIT) at Rs. 8,36,838.2 crore and Personal Income Tax (PIT) including Security Transaction...
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[Breaking news] CBDT has allowed Condonation in filing of Form 10-IC for section 115BAA for Assessment Year 2020-21
Hence, the extended due date for filing Form 10-IC is 30.06.2022, however it is important to note that as of...
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CBDT issues circular with instructions/ FAQ on deduction of TDS on salary income under section 192 for FY 2021-22
CBDT has issued circular 04/2022 for FY 2021-22 on 15.03.2022 and in this circular, it has discussed various aspects of...
Read morePeople receiving messages from Income tax department about some significant financial transaction being reported? What is it?
Attention XXXXX (PAN XXXXX0000X ) Income Tax Department has received information about certain significant financial transactions relating to FY 2021-22...
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What is advance tax and who needs to pay it? Advance tax on income from stock market | 4th Installment due on 15th March
Each and every person whose tax liability during the year is above ₹ 10,000 (as per Section 208 of Income...
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Instructions for filing Form 15E online for certificates under section 195(2) and 195(7) of the Income Tax Act
it has been decided that no such request for issue of the certificates for a particular financial year shall be...
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Instructions to fill the Excel file for Bulk UDIN Update on e-filing website
Login to e-Filing Portal and then select the e-File menu Click on View/Update UDIN Details menu option Click on Bulk...
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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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