Income Tax News
Deduction u/s 80-IA can be set off against total income and not restricted to business income – Supreme court judgement
Hon'ble Supreme court in case of Commissioner of Income Tax-I Versus M/s. Reliance Energy Ltd. (Formerly BSES Ltd.) through its...
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TDS on payment made to non-residents | Section 195 | Consequences of non-deduction
Hence, as far as Income tax act is concerned rates in force for section 195 shall be rates defined under...
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Various Features of new and revamped Income tax e-filing website such as a Income tax Mobile App | New website to be live from 07.06.2021
Yesterday we saw that CBDT has extended few due dates such as due date for ITR, Tax audit report, TDS...
Read more![[Breaking News] Due date for Income tax return, Tax audit, TDS return, SFT statement extended under Income tax act](https://www.taxontips.com/wp-content/uploads/2021/05/due-dates-extended-under-Income-tax-act-350x250.jpg)
[Breaking News] Due date for Income tax return, Tax audit, TDS return, SFT statement extended under Income tax act
CBDT has vide circular No. 9 of 2021 has extended various due dates under Income tax act for AY 2021-22...
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Income tax e-filing website to be non functional from 01.06.2021 to 06.06.2021 | New revamped e-filing website from 07.06.2021
CBDT has made an announcement wherein it has been mentioned that CBDT is going to launch new income tax e-filing...
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List for Computer assisted scrutiny selection (CASS) finalised for AY 2019-20 | Get ready to receive assessment notice for AY 2019-20
Now, recently CBDT has released instructions to it's officers that details of cases selected for scrutiny under CASS, 2020 for...
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Income tax refund cannot be adjusted against outstanding demand beyond the limit prescribed by CBDT: Bombay High court
Hon'ble Bombay High court in case of Vrinda Sharad Bal Vs. The Income Tax Officer, Ward 22(3)(5), Mumbai and others...
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Comparison between new tax regime i.e. section 115BAC and old tax regime under Income tax | Income head wise comparison
Now let's have a look at the income head wise difference between the two provision. As we know there are...
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TDS rate chart for AY 2022-23 released by CBDT | Income tax department
Now CBDT has released rate chart for same so that people can deduct correct TDS. It is important to note...
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Capital gain details to be submitted by Mutual funds houses under SFT for pre-filled ITR
However, it is advisable to not rely on this information completely and also take assistance of a tax expert for...
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Income tax department issues clarification regarding seeking information about unaccounted cash from hospitals accepting payment above Rs. 2 lakh in cash
The Finance Ministry has not issued any directive to CBDT in this regard. Further, unlike as reported, the CBDT has...
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Time limit for issuing assessment notice u/s 143(2) in case of revised return or a defective return
Thus, from the above order inference could be drawn that once a revised return is filed a new return comes...
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Exemption/ Deduction cannot be disallowed to Charitable trust just because Form 10 was not filed within due time – Gujarat HC
This Court took the view that the benefit of exemption should not be denied merely on account of delay in...
Read moreNow hospitals and other covid centres can accept Cash above Rs. 2 lakh | CBDT relaxes provision of section 269ST
Now looking at the current situation of pandemic CBDT has vide notification Dt. 07.05.2021 decided to provided a relaxation to...
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DTC of ICAI arranges discount on various books related to Income tax act by different publishers for it’s members
(i) Direct Taxes Committee of ICAI enters into an arrangement with Taxmann Allied Services Private Limited w.r.t Virtual Books- Income-tax...
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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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