Income Tax News

In 2016 it was the first time when confusion was created between presumptive taxation u/s 44AD and Audit u/s 44AB...

A restricted stock unit (RSU) is a form of compensation issued by an employer to an employee in the form...

The below mentioned amendments have been discussed in a recent video conferencing between the officials regarding various concerns raised by...

143(1)(a) is a notice which is issued by CPC, Bangalore the return processing department of CBDT. This notice is issued...

In the budget the Finance Minister Nirmala Sitharaman had announced that DDT would be removed as it is creating many...

CBDT vide circular 6/2020 Dt. 19.02.2020 has directed CIT to allow for condonation of delay in filing Form 9A (Application...

Section 54EE was introduced in Income Tax Act, by Finance Bill 2016 which was on similar line with section 54EC...

CBDT had vide notification dated 12.02.2020 notified 2 forms, Form no. 10-IC and 10-ID for section 115BAA and 115BAB respectively....

Till now there was no compulsory requirement to mention the foreign tour. It was optional to mention the amount spent...

Earlier we all used to apply for PAN card by filling a Form 49A and it would take around a...

Recently in India people are travelling abroad for higher education like MBA or masters in computer science and everyone cannot...

As per the Income tax Act Non resident and Resident but not ordinary resident also need to file their return...

The budget for F.Y. 2020-21 was announced on 01.02.2020 by Mrs. Nirmala Sitharaman. In this budget there were two main...

The above case is a landmark judgement issued by Hon'ble Supreme Court of India wherein assessee company had received share...

During the Speech of Budget 2020 our Finance Minister had announced this scheme saying that: "In the past our Government...