Income Tax News
Income tax returns verified through EVC which are otherwise to be verified through DSC considered valid
On consideration of the above, the Board, in exercise of its powers under Section 119(2)(a) of the Act, hereby directs...
Read more
ITR 6 is now available for filing on e-filing 2.0 | What are the changes in ITR 6 for AY 2021-22 | File ITR 6 online with experts on Taxontips
First of all ITR 6 is the only income tax return available for all the companies except those eligible for...
Read more
Contribution to Rajasthan Chief minister’s Relief fund eligible for 100% deduction u/s 80G – PAN and other details of the same
In the State of Rajasthan, the Rajasthan Government employees and various other people's have made contribution out of their salary...
Read more
Central Government relaxes provisions of TDS u/s 194A of the Income-tax Act, 1961 in view of section of 10(26) of the Act
Thus, the above notification relaxes tax deduction by bank on amount of interest paid to specific scheduled tribe but does...
Read more
Income Tax Department conducts searches in Mumbai and other regions at various premises/ trust of prominent Bollywood Actor
The Charity Foundation incorporated by the actor on 21st July, 2020 has collected donations to the tune of Rs 18.94...
Read more
Government extends certain timelines i.e. PAN-Aadhar linking and penalty proceedings to ease compliances
Time limit for intimation of Aadhaar number to the Income tax Department for linking of PAN with Aadhaar has been...
Read more
Mismatch of GSTR 3B data in Form 26AS | Incorrect GST turnover in Form 26AS
The issues being faced are as: Sometimes the taxable turnover of some months is not getting reflected in Form 26AS,...
Read more
CBDT issues clarification regarding carry forward of losses in case of change in shareholding due to strategic disinvestment
Recently we have seen that the central government has been drastically reducing it's stake in various public sector company and...
Read more
[Breaking News] Income tax return and Tax audit due date extended by Income tax department for AY 2021-22
The due date of furnishing of Return of Income for the Assessment Year 2021-22, which was 31st July, 2021 under...
Read more
Updates on the new e-Filing portal of the Income Tax Department
The Income Tax Return (ITR) filing has increased to 3.2 lakh daily in September, 2021 and 1.19 crore ITRs for...
Read moreCBDT allows taxpayers an opportunity to file application for settlement under the Income tax Act
In order to provide relief to the taxpayers who were eligible to file application as on 31.01.2021, but could not...
Read more
CBDT eases authentication of electronic records by EVC or digital signature, submitted in faceless assessment proceedings
Hence, the persons who are mandatorily required to authenticate electronic records by digital signature shall be deemed to have authenticated...
Read more
Are you a salaried employee and also earning income from trading in stock market? Confused as to which ITR to file !! Read this
The second most common question is whether to show such income in the same return with salary income or separate...
Read more
Income tax department raising demand for late fees in intimation u/s 143(1) in case of revised return filed for AY 2021-22
People have been receiving intimation/ income tax notice under section 143(1) stating that there is a demand of Rs. 10,000...
Read more
Various Apparent issues in ITR 3 for AY 2021-22
Simple ITR 3 Returns for FY 2021-22 filed through software. Such returns are getting filed through DSC but Aadhaar OTP...
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
