Income Tax News
Time limits of return filing and assessment in Income tax which has been proposed to be reduced by Budget 2021
As we know that under Income Tax and many other law as well government is trying to increase the use...
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2 Major amendments in Budget 2021 which would affect HNI – High net worth individuals
In our earlier post we had discussed in brief various changes made by Budget 2021 to Income tax and GST....
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CBDT further extends due date for Vivad se vishwas scheme upto 28.02.2021
CBDT further extends the date for filing of declarations under the #VivadSeVishwas Act, 2020 to 28th February, 2021. Notification in...
Read moreBudget 2021-22 | Live updates | No major tax amendments but market responded positively
Important Budget Updates: Although there are no major tax amendments or reforms but some of the important amendments are as...
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Amendment made by Finance Act – 2020 which shall be applicable from 01.04.2021 i.e. AY 2021-22 | Pre budget facts
Amendment made by Finance Act: 2020 which are going to be applicable from AY 2021-22 are as under: Amendment to...
Read moreWhy does Government increase surcharge and not basic tax slab rate? Probable Reason – Pre budget Facts
As Budget 2021 is round the corner, the major part of budget is Direct Taxes and in direct tax one...
Read moreAmount of remuneration prescribed under section 9A(3)(m) of the Income-tax Act, 1961
Amount of remuneration prescribed under section 9A(3)(m) of the Income-tax Act, 1961 Finance (No 2) Act, 2019, inter alia, amended...
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Now penalty proceeding in Income Tax will be conducted under Faceless Penalty Scheme
After the success of Faceless Assessment and Faceless Appeal in Income tax now CBDT has even launched Faceless penalty scheme...
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Gujarat High court rejects writ petition for extension of due date for Tax audit report and Income tax return
As we had discussed earlier in our post that a writ petition was filed by The All Gujarat Federation of...
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CBDT provides facility to file online complaint against Tax evasion, benami properties and undisclosed foreign assets
CBDT launches e-portal for filing complaints regarding tax evasion/Benami Properties/Foreign Undisclosed Assets. Taking another step towards e-governance and encouraging participation...
Read moreCBDT says no further extension of Tax audit or Income tax return due date, rejects all representation
In our earlier post we had discussed about the writ petition filed before Hon'ble Gujarat High court for extension of...
Read moreGujarat High court directs CBDT to consider extension of due date for Income tax Audit and Income tax return before 12.01.2021
A writ application was filed by The All Gujarat Federation of Tax consultants for the extension of due date of...
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File Income tax return by tomorrow or pay Late fees of Rs. 10,000
Income tax return is an important yearly compliance which is done by most of the individuals. Initially the due date...
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Tax calendar with all due dates for calendar year 2021 issued by CBDT
As we know in last year many due dates were changed and extended and hence CBDT has issued a calendar...
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Due date for filing TDS return for Quarter 3 ending 31.12.2020 extended under Income tax act from 31.01.2021 to 31.03.2021??
As we had mentioned in our earlier post that Income tax department has extended various due dates under 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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