Income Tax News
Due date for TDS return of Q4 for FY 2019-20 and Q1 for FY 2020-21 and investment for deduction under Chapter VI-A
Recently, many due dates were extended and people were confused as to which due dates are when. Same is with...
Read more
Due date for filing revised and belated return for FY 2018-19 extended again to 30.09.2020
CBDT vide notification 35/2020 dt. 24.06.2020 had extended due date for filing belated and revised return for FY 2018-19 till...
Read more
FAQ issued by Compliance portal relating to compliance notice and how to comply with same
The Income Tax Department (‘ITD’) has started an 11 day E-campaign from 20th July 2020 upto 31st July 2020. The...
Read more
NFRA charges a CA with Rs. 25 lakh penalty for professional misconduct in IL&FS case
National Financial Reporting Authority (NFRA) is an independent regulator to oversee the auditing profession and accounting standards in India under...
Read more
Didn’t receive UDYAM registration certificate? Here’s a probable reason
As soon as the government announced various reliefs for MSME businesses and change in definition of MSME people had started...
Read moreClarification in relation to notification issued under clause (v) of proviso to section 194N
Section 194N of the Act as inserted by Finance (No.2) Act 2019 provided for deduction of tax at source on...
Read more
Will Capital gain be taxed at 22% and 15% for companies opting for 115BAA and 115BAB respectively
Finance minister had announced special rates for companies at 22% and 15% in September 2019 under section 115BAA and 115BAB...
Read moreCBDT to start e-campaign on voluntary compliance of Income Tax for FY 2018-19 from 20.07.2020
CBDT is all set to start e-campaign on voluntary compliance for FY 2018-19 from 20.07.2020 for 11 days i.e. it...
Read moreNew Form 26AS is the faceless Hand-holding of the Taxpayers
As we know New Form 26/ Annual information statement has been introduced from 01.06.2020. The new Form 26AS is the...
Read more
Documents employer should have while deducting TDS of employee – Rule 26C
When an employer employees someone one of the major responsibility under Income tax is to properly deduct TDS. Although employer...
Read more
One time relaxation for verification of tax return for A.Y. 2015-16, 2016-17, 2017-18, 2018-19 and 2019-20
As we know if the Income tax return filed by an assessee is not verified by the assessee within 120...
Read more
What is the different between TDS on rent u/s 194I and 194IB of the Income Tax Act
Rent is a major expense whether it's for the house in which you live or for your business place and...
Read more
Taxability on sale of shares of Flipkart – Tiger Global International Holding, Mauritius
The benefit of India - Mauritius treaty won’t be available for Singapore based company deriving its value from an Indian...
Read more
Taxability of salary for NRI earned outside India and who are stuck in India because of Covid
Indians have been working all over the world and generally used to visit India just for the vacation of a...
Read more
Functionality added on E-filing website to check status of last 3 years ITR as per section 194N
Section 194N was reintroduced by Finance Act, 2020 and same is now applicable from 01.07.2020.According to the above section any...
Read more-
GSTR 9/ 9C due date to be extended to 31.10.2020 | E-invoicing will be voluntary in the beginning
-
How to pay Membership and COP fees of ICAI for 2020-21 |
-
Code/ Nature of payment 6CR updated by NSDL in challan 281 for paying TCS on sale of goods
-
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
-
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?
TaxOnTips provides you all tax related solutions in easy way and update you with its regular updates & notifications Visit us for details.
We are based in Jaipur, India
