Income Tax News
Filing income tax return for FY 2019-20 after 01.01.2021 and getting late fees under 234F? Here’s why..
The due date for filing of Income tax return for FY 2019-20 was extended to 15.02.2021 for companies and taxpayers...
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Due date for income tax return, Income tax audit and GST annual return extended
The due dates for Filing of Income tax return, Audit report and GST annual returns have been extended which is...
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Dividend paid by Indian company to Non resident would be subject to DTAA rates and not necessarily liable to DDT rate
The above judgement is passed by Delhi Tribunal in case of Giesecke & Devrient Pvt Ltd. v. Additional Commissioner of Income Tax,...
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One-time Condonation Scheme to regularize UDIN till 31.01.2021 by ICAI
To reinvigorate the Profession of Accountancy in this fast changing digitalized World and to curb the prevalent malpractice of fake...
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Due date of Income tax return for companies without tax audit is 31.12.2020?
In FY. 2019-20 we have seen various changes and extension of due dates and now that many due dates are...
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One time relaxation by CBDT to validate all previous UDIN on e filing website till 31.12.2020
There are Lot of Queries with regard to Validation of UDIN by CBDT. From 27th November the CBDT has made...
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Representation made by many tax practitioner groups for extension of Income tax return and tax audit due date
As of Now the due date under Income tax are as under: Due date- 31 December 2020: Return of income...
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CBDT issues circular about TDS on salary income under section 192 for FY 2020-21
Salary income is one such salary where most of the tax is deducted by the employer himself and hence the...
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Gift to non resident by a resident Indian would be taxable in India
Gift, as we had discussed in our earlier post, that it is out of natural love and affection, without consideration...
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Further FAQ on Vivad se vishwas by CBDT on 04.12.2020
Recently the due date for applying to Vivad se vishwas - dispute resolution scheme has been extended to 31.12.2020 and...
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TCS collected by Bank for foreign remittance reflecting in bank statement u/s 206C(1G)
Are you a professional using your savings bank account to send money outside India to freelancer who work for you...
Read moreHow to show gift received from relative in Income tax return | Taxability of gift received under Income tax
Gift in simple terms means receiving anything without consideration. This is a very common thing where people receive gifts from...
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Income tax E-filing portal now integrated with UDIN portal of ICAI for validation of UDIN
In our earlier post we have mentioned that it will be mandatory to now validate UDIN within 15 days of...
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Instruction sheets for ITR 2 to 7 have been revised for better clarity
CBDT has revised instruction sheet for ITR 2 to 7 on 22.11.2020. Instruction sheets of the ITR helps one in...
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Receiving e-mail for TDS from e-commerce aggregators like Amazon, Flipkart, Freelancer | What does this e-mail mean?
A new section 194-O was introduced in Income Tax act by Budget 2020. We have discussed the section in detail...
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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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