Income Tax News
Devyani International IPO allotment status and capital gain tax on selling shares in IPO allotment | Capital gain on IPO
Devyani International IPO Subscription Status (Bidding Detail) The Devyani International IPO is subscribed 116.70x times on Aug 6, 2021. The...
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Income tax e-filing website not working and taxpayer cannot login to the website | Also, faceless proceedings website not working
Till now people were facing issues in filing any Form, not able to login, submitting ITR or e-verifying their Income...
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Neeraj Chopra wins First Gold for India in Athletics in Tokyo Olympics 2020 | Let’s see the taxability of various prices/ rewards received by him
Therefore, if we consider these prizes as his only income which comes to around Rs. 11 crore and calculate tax...
Read moreNo tax payable by Abhinav Bindra on rewards received for winning India’s first gold medal at Olympics
Shri Abhinav Bindra is the first person in the history of independent India to have won the Olympic Gold Medal....
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New e-mail id by Income tax department for registering grievance in respect of pending cases under the Faceless Scheme
"In a move aimed to further improve taxpayer services in alignment with the Taxpayers’ Charter, the Income Tax Department creates...
Read moreRolex Rings IPO allotment status and capital gain tax on selling shares in IPO allotment | Capital gain on IPO
Rolex Rings IPO Subscription Status (Bidding Detail) The Rolex Rings IPO is subscribed 130.44x times on Jul 30, 2021 17:01....
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Amendment in Income tax Act related to Vodafone capital gain case to make it prospective | Govt. remove retrospective amendment
Now, vide THE TAXATION LAWS (AMENDMENT) BILL, 2021 being introduced by the Ministry of Finance in Lok Sabha, the Ministry...
Read moreGlenmark Life Sciences IPO allotment status and capital gain tax on selling shares in IPO allotment | Capital gain on IPO
Incorporated in 2011, Glenmark Life Sciences is the leading manufacturer of Active Pharmaceutical Ingredients (APIs). The company develops, manufactures, and...
Read moreExtension of time lines for electronic filing of various Forms under the Income-tax Act,1961
The Central Board of Direct Taxes (CBDT), in exercise of its powers under Section 119 of the Act, extends the...
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E-filing portal charging late fees on return filed after 31.07.2021 for FY 2020-21 | Late fees u/s 234F
However, it seems that same has not been incorporated on the e-filing portal till date as the people are still...
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Interest u/s 234A to be charged after 31.07.2021 even where ITR filing facility is not available | Is it fair?
The interest shall be charged u/s 234A, where tax payable is more than Rs. 1 lakh as computed above, even...
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[Resolved] Error faced in the new Income tax e-filing portal related to log-in of an assessee | E-filing 2.0
Further, there is one more way which people are suggesting to overcome the above issue wherein it is being told...
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Pay Self Assessment tax and file return for AY 2021-22 before 31.07.2021 or pay 2% interest per month thereafter
Thus, if you are an individual other than senior citizen who is not liable for any audit and his normal...
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New error faced in the new Income tax e-filing portal related to log-in of an assessee | E-filing 2.0
Now, in the current error when an assessee is trying to log in to the e-filing portal using his/ her...
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Key changes in ITR 1 Form for AY 2021-22 | Income tax return updates
Who is eligible to use this Return Form i.e. Who can file ITR 1 Form? This Return Form is to...
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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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