Income Tax News
CBDT extends Tax audit and Income tax return due date for FY 2019-20
Just today we had posted an article on changes in 3CD and how extension is going to come in 2-3...
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New Utility for Form 3CB, 3CD and other tax audit forms released by CBDT with errors? | What will happen to TAR submitted between 01st OCT to 22nd OCT?
We had discussed in our post that various changes have been made in tax audit report's schema and utility on...
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Can one person show income from business and profession under presumptive taxation scheme in one return? | 44AD vs 44ADA
Presumptive taxation scheme of government which is covered under a series of sections of 44 i.e. 44AD, 44ADA, 44AE etc....
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Person holding foreign shares or shares in foreign entity or RSU needs to compulsorily File income tax return every year
During this period of time the biggest question in the mind of any individual would be whether they are required...
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ICAI reschedules CA November 2020 exam date to 21.11.2020 from 01.11.2020
Earlier CA intermediate and CA final exam for November 2020 attempt was scheduled to start from 1st November. ICAI had...
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House rent allowance (HRA) available even when it is not a part of salary slip? | HRA calculation |Calculation sheet available
When it comes to taxation, a salaried employee is the one who pays the most tax because, a salaried employee...
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Requirement for Fresh registration of trust under section 12AB has been extended till 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...
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ITR acknowledgement receipt signed and sent to CPC, bangalore but ITR V still not generated? Read this post to find the reason
In our earlier post we had discussed that one cannot generate ITR V until one e-verify ITR or sign and...
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Changes in ITR 6 by virtue of notification 82 of 2020 Dt. 01.10.2020
A few days ago we had discussed that ITR 6 is now available for FY 2019-20 and we had also...
Read moreAmendment in Form 3CD and form 3CEB for FY 2019-20 tax audit w.e.f. 01.10.2020
Form 3CD is a basic Form of Tax audit and needs to be uploaded with all tax audit and audited...
Read moreForm 10-IE and 10-IF notified for section 115BAC and 115BAD respectively
It all started with concessional rate of tax for corporates in the form of Section 115BAA and 115BAB for which...
Read moreIncome tax Rules for depreciation under section 115BAA, 115BAB and 115BAC announced
Section 115BAA and 115BAB were announced for lower corporate tax rate also Section 115BAC was announced for lower tax rate...
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No requirement for scrip wise reporting in case of share trading – Clarification by CBDT
CBDT has vide Press release Dt. 26.09.2020 has clarified that one is not required to report script wise details in...
Read moreSFT transaction mentioned in Form 26AS | What does it mean? | Who reports it? | SFT codes transaction type
In past few months we have started seeing various SFT transactions in our Form 26AS. Form 26AS which was earlier...
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Further clarification on section 206C(1H) – TCS on sale of goods by CBDT through circular
CBDT has issued one circular and one press release in two days to further explain implication of section 206C(1H) which...
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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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