Income Tax News
New e-filing portal 2.0 is now Live | Let’s have a first look and see what all has changed
Income Tax department has finally made it's new e-filing website i.e. www.incometax.gov.in live and you can now access the same....
Read more
Instructions for filing ITR 1 to 7 for AY 2021-22 is available and e-filing of same will be available soon on new e-filing website | Total 988 pages
Now, the instructions for filing the ITR of AY 2021-22 are available and these instructions help a lot to understand...
Read more
Some new features of Income tax e-filing website announced by Ministry of Finance through Press release
The major highlight above would be new ITR preparation software and it would be great if the software could even...
Read moreDSC needs to be re-registered on new e-filing website which is going live from 07.06.2021
As per the e-mail it has been mentioned that the DSC cannot be shifted to new e-filing website due to...
Read more
Launch of e-filing portal for Income tax Appellate Tribunal (ITAT) from 21.06.2021
Appeal before ITAT is filed in Form 36 wherein under the physical filing one had to submit 4 copies of...
Read more
Do women doing small business from their home should file Income tax return | How to file Income tax return for home based business?
How to show such income earned from home based business in Income tax return: If you are doing this regularly...
Read more
Delhi High court passes an order to quash the Assessment order making addition to income of assessee passed under Faceless assessment system
Hon'ble Delhi High Court has passed order in few of such writ petition against the Income tax department wherein procedure...
Read more
Dividend is now taxable and hence now various provisions including section 14A for disallowance of expense are of no use
In this post we are going to talk about section 115BBDA and section 14A of Income tax act which will...
Read more
How to register LLP on Income Tax e filing website ? Should LLP be registered as company or Firm?
Now, let's have a look at how LLP has been described under the Income tax act: As per section 2(23)...
Read more
Reduction and Rationalization of GST late fees based on turnover announced in 43rd GST council meeting
The amnesty scheme announced above was retrospective in nature and was applicable for returns upto April 2021 and along with...
Read more
Taxability of income earned by youtubers, instagramers and other influencers in India and How to show it in Income tax return
Accordingly, if the influencer or youtuber wishes to take benefit of presumptive taxation he/ she can file ITR 4 and...
Read more
People won’t be able to submit Form 15CA and 15CB from mid night of 31.05.2021 | New Income tax e-filing website with new domain address
1. Filing of Form 15CB and 15CA won't be available: "Taxpayers would not be able submit Form-15CA & 15CB during...
Read more
CBDT partly incorporates Supreme court’s order by extending due date to file appeal before CIT(A) but is still doing contempt of Supreme court’s order
Recently, CBDT has vide circular Dt. 10/2021 Dt. 25.05.2021 has clarified that although it has issued relaxation for filing of...
Read more
Rules for determining Fair Market Value (FMV) of assets under section 50B prescribed by CBDT
Accordingly still net worth of the unit is considered as cost of the unit and fair market value of the...
Read more
Income tax compliance due date extended for AY 2021-22 but no extension in time limit for payment of tax
If we look at that circular we come to know that CBDT has extended due date for TDS return and...
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
