Income Tax News

Business/ professional code is required to be mandatorily filled by each and every person who are showing income from business...

Therefore, payment of tax and filing of income tax return are two different things and if a person whose total...

Thus, this is an Aadhar based PAN and no other document is required for applying for such PAN card and...

However, still the website was not working properly and hence CBDT had further extended such relaxation till 15.07.2021. Now, people...

Looking at the current scenario we know that many people sell their shares on the listing day itself to earn...

Now no need to travel far to file your income tax returns. You can easily access income tax return services...

Thus, one needs to be patient and wait for the portal to work correctly and then file Income tax return....

Section 148 of the Income tax Act deals with issuing notice to the assessee in the case where income has...

a sum equal to one-half per cent of the total sales, turnover or gross receipts, as the case may be,...

Now, when people are trying to download Form 26AS for AY 2021-22 they are getting error on TRACES website wherein...

As part of our constant endeavour to provide a smooth and hassle free experience to the taxpayers and simplify the...

Further new code has been added in TDS return i.e. Form 26Q for implementing section 206AB as under: "Write “U”...

The intimation of such processing under sub-section (1) of section 143 of the Act can be sent to the assessee...

It has now been decided to extend the aforesaid date to 15th July, 2021. In view thereof, taxpayers can now...

The two of the most required functionalities which have been enabled are: 1. Online filing of Form 15CB and 15CA....