Income Tax News
FAQ on various Statutory Forms & other Forms released by Income tax e-filing website
In this post we shall discuss about some FAQ in relation to various audit and other forms which one needs...
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AVAILABILITY OF AUDIT REPORTS AND PROCESS FLOW OF FILING AUDIT REPORT ON e-FILING 2.0
In this post we shall discuss about the flow of process to file various forms on the new e-filing portal...
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Who is considered as Non-resident in India as per Indian Income tax law? | Non-resident as per Income tax
Let's start with a note that being a citizen of a country and being a tax resident are two different...
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Gujarat High Court disposes Writ for filing of Tax audit report and ITR through e-mail [Read order]
CBDT has assured that all necessary steps have been taken to assure smooth filing of Income tax return and Tax...
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Guidelines under clause (10D) section 10 of the Income-tax Act, 1961 for calculating taxability of ULIP investment with illustration [Read circular]
The Finance Act, 2021 amended clause (10D) of section 10 of the Act by inserting fourth to seventh provisos. Fourth...
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Income Tax Department conducts search and seizure operations in Haryana
The Income Tax Department had conducted a search and seizure operations on a diversified business group engaged in the manufacturing...
Read moreClarification in filing Form 10CCB issued by Income tax E-filing portal
The report of the audit of the accounts of an assessee, which is required to be furnished under sub-section (7)...
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Tax audit due date extended to 15.02.2022 by Income tax department from 15.01.2022
Further in case of tax audit under 92E cases also the date has been extended from 31.01.2022 to 15.02.2022.
Read moreNew Tax audit report utility released by Income Tax department on 11.01.2022 | Due date of tax audit report 15.01.2022
However, now Income tax department has updated the utility on 11.01.2022 i.e. just few days before the due date and...
Read moreWho needs to get their Books of accounts audited under Income Tax Act | Tax audit under Income tax
Section 44AB of the Income tax act deals with the provision related to Tax audit. There are in all 5...
Read moreRepresentation for extension of Income Tax audit due date by Member of Parliament to Finance Minister
In the Representation made the following points have been raised: Changes in schema of Tax audit report thrice because of...
Read moreForm No. 56FF announced to claim deduction under section 10A(1B)(b) with retrospective effect from 29.07.2021
16DD. Form of particulars to be furnished along with return of income for claiming deduction under clause (b) of sub-section...
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Can you file Income tax return for FY 2020-21 after 31.12.2021 | Late fees and other consequences for filing Income tax return after 31.12.2021
1. Can you still file Income tax return for FY 2020-21 after 31.12.2021? Ans: Yes you can still file your...
Read moreNew schema released for Form 3CA-3CD and 3CB-3CD on 06.01.2022 by Income tax department
The due date for filing Tax audit report in Form 3CA-3CD and Form 3CB-3CD is 15.01.2022 for all the entities...
Read moreSearches conducted by Income Tax Department largely in Uttar Pradesh and Maharashtra
Evidences found in the sales office and main office have revealed that the group makes 35% to 40% of its...
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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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