Income Tax News
Income Tax Department conducts search in Maharashtra, Gujarat & Delhi on certain Indian companies & their associate concerns, controlled by a neighbouring country
One of such companies trading in chemicals was found to be routing the claim of purchases through Marshall Island, a...
Read more
Section 194-O not applicable on E-auction and clarification of applicability of TDS provision on government department
it is clarified that the provisions of section 194-O of the Act shall not apply in relation to e-auction activities...
Read more
India and USA agree on a transitional approach on Equalisation Levy 2020 | Equalisation levy at 2% on e-commerce
India and United States have agreed that the same terms that apply under the October 21 Joint Statement shall apply...
Read moreIncome Tax Department conducts searches on a leading Gutkha distributor in Gujarat
The search action, so far, has led to the detection of unaccounted income of more than Rs. 100 crore. Out of...
Read more
Important documents & things one should have while Filing Income tax return in India
The important documents and information one needs to have before filing their Income tax return if as under: 1. Form...
Read moreIncome Tax Department conducts searches in Gujarat
The evidences clearly indicate evasion of taxable income by adopting various modus-operandi such as suppression of production, use of bogus...
Read more
Increase in GST rate on job work charges of dyeing and printing on Textile products from 01.01.2022
Thus, after the above notification the job work service of dyeing and printing on the textile yarn and fabric has...
Read more
Higher rate of depreciation announced for purchase of car between 23.08.2019 to 31.03.2020 will still continue in FY 2020-21 and onwards
The new rate of depreciation for cars was kept at 30% as compared to the existing depreciation rate of 15%...
Read more
Paytm IPO Listing gain and capital gain tax on selling shares in IPO allotment | Capital gain on IPO
Paytm IPO Subscription Status The Paytm IPO is subscribed 1.89 times. The public issue subscribed 1.66 in the retail category,...
Read more
Taxpayers’ Lounge of Income Tax Department set up at IITF, 2021
A Taxpayers’ Lounge has been set up by the Income Tax Department in India International Trade Fair, 2021 at Pragati...
Read more
Payment made to non-resident for online advertisement cannot be considered as royalty and same is not liable to tax in India: ITAT Bangalore
The above judgement has been passed by Hon'ble ITAT, Bangalore in case of M/s. Myntra Designs Pvt. Ltd. Vs. Deputy...
Read more
How to add and pre-validate a bank account on e-filing website | E-filing 2.0
The My Bank Account service is available to all registered taxpayers on the e-Filing portal (post-login), who have a valid PAN and...
Read more
FAQ for filing Rectification request under section 154 on e-filing portal against notice or intimation | E-filing 2.0
1. When do I need to submit a rectification request? A request for rectification can be submitted on the e-Filing...
Read moreIncome Tax Department conducts searches in Maharashtra
The Income Tax Department carried out search and seizure operations on 27.10.2021 at the Headquarter and one of the branches...
Read moreNYKAA IPO Listing gain and capital gain tax on selling shares in IPO allotment | Capital gain on IPO
The Nykaa IPO is subscribed 81.78 times. The public issue subscribed 12.24 in the retail category, 91.18 in the QIB...
Read more-
GSTR 9/ 9C due date to be extended to 31.10.2020 | E-invoicing will be voluntary in the beginning
-
How to pay Membership and COP fees of ICAI for 2020-21 |
-
Code/ Nature of payment 6CR updated by NSDL in challan 281 for paying TCS on sale of goods
-
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
-
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?
TaxOnTips provides you all tax related solutions in easy way and update you with its regular updates & notifications Visit us for details.
We are based in Jaipur, India
