Income Tax News
E-settlement scheme, 2021 announced by Income tax Department
This Scheme shall be applicable to pending applications in respect of which the applicant has not exercised the option under...
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Income Tax Department conducts searches in Jammu & Kashmir and Punjab
The search action has resulted in seizure of unaccounted cash of Rs. 63 lakh and jewellery of Rs. 2 crore....
Read moreIncome Tax Department conducts searches in Rajasthan
The Income Tax Department carried out search and seizure operations in border districts of Rajasthan on 28.10.2021 covering 33 premises...
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Due date to pay TDS if the actual due date for payment of TDS is a public holiday or Sunday?
TDS means Tax deducted at source. The concept of TDS was introduced in Income Tax act with an aim to...
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PAN and Address of PM cares fund for Income tax and Return filing purpose to claim benefit under section 80G
Now let's talk about the taxation details i.e. PAN and Address in relation to PM cares fund which would be...
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Annual Information statement (AIS) has been rolled out by CBDT on compliance portal to replace Form 26AS
Income Tax Department has rolled out the new Annual Information Statement (AIS) on the Compliance Portal which provides a comprehensive...
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Filing of Tax audit report in Form 3CA-3CD and 3CB-3CD has been enabled on e-filing portal for FY 2020-21 and here’s how you can file the same
Recently the Income tax e-filing portal has enabled the option to assign Tax audit Forms 3CA-3CD and 3CB-3CD by assessee...
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How to register as deductor/ collector of tax on new e-filing website to file TDS/ TCS return under Income tax | E-filing 2.0
This pre-login service is available to all tax deductors/ collectors who want to register on and access the e-Filing portal....
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Filing of Form 3CA-CD or 3CB-CD enabled on e-filing website for AY 2021-22, but you cannot still file Tax audit report | Here’s why
Although now a Chartered Accountant can see Form 3CA-CD and 3CB-3CD option in his e-filing website profile, however there are...
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Form 10-IC needs to be filed every-year for taking benefit of lower tax rate in case of companies under section 115BAA?
3. Do I need to file the form again for the next assessment year? No. If you have opted for...
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CBDT enables Tax audit filing i.e. Form 3CD for AY 2021-22 on E-filing website | E-filing 2.0
CBDT has recently i.e. on 26.10.2021, released and enabled the filing of Tax audit report on e-filing portal in Form...
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TCS Rate chart under Income tax act and Due date for filing of TCS return
Under Income tax act there is only one section which covers all the transactions on which TCS needs to be...
Read moreIncome tax department provides Forms to be filed to take indemnity against litigation in relation to retrospective amendment under Income tax for indirect transfer of shares
Recently we had seen that government had made clarification on removing the retrospective amendment from Income tax act in relation...
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Important updates relating to the functionality on the new e-filing website | E-filing website will not work on few days | E-filing 2.0
"Alert: Website will not be accessible due to scheduled maintenance activity from Saturday 23rd Oct 10.00PM to Sunday 24th Oct...
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Option to File Rectification Request under section 154 of Income tax act for Income tax return option now available on new e-filing website | e-filing 2.0
If there is any variation reported by CPC, an assessee has two options i.e. either to apply for rectification under...
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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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