Income Tax News
Assessment Order passed before the due date for reply to show cause notice not valid. High court grants stay on such proceedings | Delhi high court
Although, a reply qua SCN was prepared by the petitioner it could not be filed as the assessment order was...
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CBDT provides rules for depositories to submit SFT details relating to capital gain income on listed securities | Pre-filled ITR
Hence, based on the above information it looks like all the details related to income from capital gain will be...
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Threshold limit prescribed by CBDT for determining “Significant Economic presence” of a business in India | Now many online portals will be taxed in India | Digital tax
If we look at the threshold mentioned above it is very small and hence this will cover many online businesses...
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Forgot to file your Income tax return for AY 2020-21 or received notice for high value transaction? Now you can file your ITR from home with our experts
Why should you file your Income tax return? Once we have discussed the who let's now discuss the why. Below...
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CBDT extends time limit for updating UDIN for Audit report and certificate on e filing website till 30.06.2021
Earlier, CBDT has provided a relaxation for validation of audit report and certificate on e filing website till 30.04.2021.Now, CBDT...
Read moreCBDT extends due date for filing belated and revised return for AY 2020-21 till 31.05.2021
CBDT extends various due dates under Income tax act till 31.05.2021. The above relaxation comes after increasing cases of Covid-19...
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Amendment in provisions relating to taxability of income of trust by Finance Act, 2021
Explanation 5 has been inserted as a clarification that any excess application made by a trust will not be considered...
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Do you have to pay any Tax on winning a Giveaway of any product on Youtube, Instagram or any other platform?
Nowadays with increase in craze of digital influencers more and more people or influencers are trying to catch more and...
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Can you ask for reason of reopening for cases reopened u/s 148 after 01.04.2021 | How to reply to 148 notice
Since AO is still reopening cases based on reason to believe, as an assessee you also should ask for reason...
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Even your electricity bill, foreign travel can make you liable for filing Income tax return | Do read this or you might be liable to pay penalty of Rs. 1000
However, as per 7th proviso to section 139, if a person who is otherwise not liable to file Income tax...
Read moreCBDT extends due dates of various proceedings and order under Income tax act to 30.06.2021 in light of the raging pandemic
In the light of several representations received(supra) and to address the hardship being faced by various stakeholders, the Central Government...
Read moreInstructions for providing details of Dividend and Interest in SFT has been released by CBDT
In our earlier post we had mentioned that CBDT has introduced new transactions under SFT (Specified Financial Transaction) i.e. reporting...
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High value transaction compliance notice for FY 2019-20 | Income tax department should check mechanism before sending notices
In our earlier post we had discussed that many people are receiving compliance notice for FY 2019-20 after they have...
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CPC shall process the Form for re-registration of the Trust under Form 10A and not your local Income tax officer
We had discussed earlier that Form 10A has been released for re-registration of Charitable Trust u/s 12AB who were already...
Read moreCan you File Income tax return after all due dates have ended and after end of Assessment year
It might happen that a person has not filed his return because he was not aware whether he is liable...
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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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