Income Tax News
Landmark Supreme Court Judgement on purchase of software by resident from non-resident manufacturer considered as Royalty or not? | Does it hold good in todays’ world?
Hence, Hon'ble Supreme Court ruled that any such software sale are just sale of goods as per Income tax act...
Read more
TCS collected at 0.75% on sale for which invoice raised before 01.04.2021 | Do you need to collect remaining 0.25% TCS if payment received after 01.04.2021
TCS on sale of goods was introduced under section 206C(1H) in Budget 2020, wherein a person had to collect 0.1%...
Read more
Can Assessing officer issue notice u/s 148 after 01.04.2021 for previous 6 years?
Section 148 deals with Issue of notice where income has escaped assessment. If an assessing officer wishes to make assessment u/s...
Read more
Higher TDS rate for non-filers of Income tax return – Section 206AB
Till date higher TDS was being deducted under Income tax Act u/s 206AA only where assessee was not having valid...
Read more
Amendment in Tax audit rules and Tax audit report for FY 2020-21 | Now you can revise Tax audit report
CBDT has vide notification Dt. 01.04.2021 made various changes to Tax audit rules especially for incorporating the changes of Finance...
Read more
Instructions to File ITR 1 and 4 ITR using offline utility for AY 2021-22 | File ITR 1 and 4 with experts on Taxontips
In our earlier post we had discussed that now ITR 1 and 4 utility is available on e filing website...
Read moreDid you receive Income tax assessment notice u/s 143(2)/ 142(1) for AY 2019-20? | Very few assessment done for AY 2019-20 | Should you be happy?
Income tax assessment is post-mortem and checking of your Income tax return and income by Income tax department as Income...
Read more
One PAN allotted to two different person – Is it possible?
PAN number is a very important document and this is a person's identity before the income tax department, but what...
Read more
Receiving Compliance notice for high Credit card transaction and non-filing return of income
Do you use Credit card or let other's use your credit card for just some rewards or points? Then this...
Read moreReceived High value transaction message for FY 2019-20, but cannot do anything as no revised return can be filed now | Let’s discuss
As we know CBTD has started using Compliance portal extensively for sending alerts to assessee regarding some high value transaction...
Read more
Due date extended for updating UDIN of Audit report and related certificates till 30.04.2021
CBDT has extended the due date for updating UDIN on e filing website from 27.04.2021 to 30.04.2021. If the UDIN...
Read more
ITR 1 and 4 utility are now available for FY 2020-21 i.e. AY 2021-22 | File ITR with experts on Taxontips
As we had discussed in our earlier post that Forms for ITR 1 to 7 were made available by Income...
Read more
ITR 1 to 7 have been notified by CBDT for AY 2021-22 or FY 2020-21
A few months back we had completed filing of ITR for FY 2019-20 and now CBDT has notified ITR for...
Read more
Option to Link Aadhar with PAN removed from E-filing website homepage | Due date for Aadhar linking extended | Income tax website on planned maintenance till 10:00 pm
As we know today is the last date to link Aadhar and PAN. Further CBDT has introduced penalty for non...
Read more
Income tax website not working on the last day of financial year 31.03.2021
Today is the last date of the financial year and also the last day for various compliance as mentioned in...
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
