Income Tax News
Due date for filing belated or revised ITR for AY 2019-20 extended to 30.11.2020
CBDT has vide order u/s 119 has extended due date for filing revised or belated return for AY 2019-20 till...
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Clarification on applicability of section 194-O by CBDT
Section 194-O was inserted in Income tax act, 2020 by virtue of Finance Act, 2020 which relates to Income tax...
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Various FAQ on section 206C(1H) – TCS on sale of goods
As we know various new compliances are going to start to from 01.10.2020 in Income tax and GST, one of...
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Extension of due date for filing ITR under Income Tax till 31.03.2021 | Representation by BCAS
We have discussed in our earlier post about the due dates ending in September and new compliances starting from October,...
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ITR 6 now available on e filing website | What are the latest changes in ITR 6?
Income Tax return for FY 2019-20 were announced, however till date only ITR 1 to 5 and 7 were available...
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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
Ministry of Finance has introduced a bill in Lok sabha on 18.09.2020 which is called "THE TAXATION AND OTHER LAWS...
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Why is filing loss return important? | Your PAN has been flagged for not filing return of Income
As we know 30.09.2020 is the last date to file return of income for FY 2018-19 and therefore Income Tax...
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Chartered Accountant needs to pass an assessment of ICAI for membership if applied after 3 years
ICAI has recently made a change to the Chartered Accountants Regulations, 1988 vide notification in official gazette dt. 14.09.2020 wherein...
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Is dividend still an attractive/ cheap option to distribute profit by company | After Budget 2020
Before starting with the changes in dividend let's understand the meaning of dividend as per Income Tax Act: "dividend" includes—...
Read moreTCS on sale of goods from 01.10.2020 – Section 206C(1H)
Sub section 1H to section 206C was inserted by Finance Act, 2020 into Income Tax Act which deals with tax...
Read moreSeller receiving e-mail from amazon and Flipkart for TDS deduction from 01.10.2020: Section 194O
Most of the sellers selling on e-commerce operator might be receiving e-mail from such operator like Flipkart, Amazon, Snapdeal etc...
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Forms 10-IC, 10-ID now available on e-filing website | What is Form 10-IC, 10-ID? Link with 115BAA and 115BAB
Our Finance Minister in September 2019 had announced concessional tax rate for domestic companies at effective tax rate of 25.17%...
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TDS cannot be deducted u/s 194N if the amount is not considered as income of assessee: Madras High Court
From the time section 194N was introduced in Budget 2019, there has been a continuous debate as to whether the...
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ITR 7 is now available on e filing website | Who can file it?
Income Tax return for FY 2019-20 were announced, however till date only ITR 1 to 5 were available for filing....
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ITR 5 is now available on e filing website | Who can file it? What are the latest changes in ITR 5
Income Tax return for FY 2019-20 were announced, however till date only ITR 1, 2, 3 and 4 were available...
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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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