Income Tax News
Finance bill 2021 passed in both houses or parliament and is now an act | More than 100 amendments | 25 Major amendments of Finance act, 2021
Every year our Hon'ble Finance Minister presents Finance bill in the parliament through which necessary amendments are made to the...
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Get ready to receive notice u/s 148 of Income tax act for various years before 31.03.2021 | Faceless assessment | Online CA consultation
In budget, 2021 which is now Finance Act, 2021, there was nothing much for the normal taxpayers but various procedures...
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New Form 10A released for registration/ re-registration of Trust u/s 12AB of the Income tax act from 01.04.2021
Section 12AB was introduced by Finance Act, 2020 and was supposed to be applicable from 01.06.2020 which was later extended till...
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CBDT extends date of application for clause 30C and 44 till 31.03.2022 in Tax audit report
"Section 44AB of the Income-tax Act, 1961 ('the Act') read with rule 6G of the Income-tax Rules, 1962 ('the Rules')...
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Not linking Aadhar with PAN till 31.03.2021 can cost you a penalty of upto Rs. 1,000: Section 234H
Due date for linking of Aadhar with PAN is being extended for last 3-4 years and as of now the...
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Foreign Tax Paid Allowed as Deduction Even if Income not Taxable in India – Case law
Tata Consultancy Services Ltd. v. Additional Commissioner of Income Tax, LTU-1, Mumbai (ITA No. 3262/MUM/2017 Dt. 11.11.2020) Facts: The assessee,...
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Receiving messages from Income tax department for High Value Transaction | Now GSTR 1 data available on compliance portal
Compliance portal was launched around 2-3 years back and assessee used to receive various notices on compliance portal. In the...
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New Form 15E notified under rule 29BA for lower TDS deduction by payer deducting TDS of non resident u/s 195(2) and 195(7)
Any payment made by any person to non-resident which is chargeable to tax in India will be liable to tax...
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Form 12BA, Part B of Form 16 and Form 24Q updated for FY 2021-22 and notified with changes
CBDT has notified Form 12BA, Part B of Form 16 and Form 24 for FY 2021-22 with some notifications vide...
Read moreNew transactions included in SFT reporting for income from listed securities | Now get Pre filled ITR
SFT i.e. specified financial transactions are covered under section 285BA and various specified transactions are covered under rule 114E of...
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Now Youtubers in India will get even less amount from Youtube | 24% Tax withholding by Youtube in USA
Youtube is growing in India as a platform to share videos and simultaneously people investing in Digital marketing is also...
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LIC policies offered by ICAI – Term life insurance | CMP benefits | Benefits for Members in practice by ICAI
After Medical insurance and personal loans for CA now ICAI has come up with term insurance plan for members in...
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ITR not processed yet? Here are various reason for same pointed out by Income tax department
As we know only few days are left for filing of any kind of Income tax return for FY 2019-20...
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Provision for Assessing officer to pass consequential order under Vivad se Vishwas Act.
Recently, due date for applying under Vivad se Vishwas scheme was extended to 31.03.2021. Many people had filed application under...
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Relaxation in residency rule due to Covid-19 restriction for FY 2020-21 | Form NR
CBDT has issued Circular No. 2 of 2021 Dt. 03.03.2021 and discussed about relaxation with regard to residency rule for...
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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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