Income Tax News
New slab rate for individuals for F.Y. 2020-21 (A.Y. 2021-22) – section 115BAC
The budget has been announced today and it brings good news for some tax payers but there are various things...
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Transaction Limit of loan u/s 269SS and 269T reduced to Rs. 10,000?
Recently all of us have come across an extra ordinary notification wherein it is being circulated that limit for section...
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Complete your compliance u/s 269SU on e filing website till 31.01.2020 or pay Rs. 5000/ day penalty
Section 269SU was introduced by Finance Act, 2019 w.e.f. 01.11.2019 wherein it was mentioned that:"Every person, carrying on business, shall...
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How should a CA certify ITR V for loan purpose?
In a recent FAQ released by ICAI regarding UDIN we had seen that it was mentioned by ICAI that a...
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E-assessment vs. Faceless Scrutiny in Income Tax
In this post we are going to discuss the various differences which we have faced in faceless scrutiny as compared...
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Tax audit u/s 44AB to be scrapped?
Budget 2019 was announced in two parts last year as there was election. Last year major amendments were made to...
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Get ready for some surprise from Income Tax Department (More search and survey)
Since the new year has started and a quarter end the CBDT is below its target and as always there...
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Which income can be taxed as income from house property?
In this post we are going to discuss what types of rent income would be included under the head Income...
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CBDT issues circular for detailed explanation on TDS deduction u/s 192 of the Income tax act
CBDT has vide circular 04/2020 made a detailed explanation on TDS deduction on salary u/s 192 of the Income tax...
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Who needs to file income tax return u/s 139(1) of Income tax Act
It's a major concern for everyone to know whether he/ she is liable to file income tax return during the...
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Exception to monetary limit for filing appeal before ITAT, High court and Supreme court
CBDT vide circular 17/2019 had enhanced the monetary limit of tax effect to file departmental appeal before ITAT, High court...
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Eligibility condition for ITR 1 and 4 for A.Y. 2020-21 relaxed
CBDT had released a notification, notifying ITR 1 and 4 for A.Y. 2020-21. There were various conditions mentioned in that...
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Now you can download intimation order u/s 143(1) from e filing website profile.
All the people filing Income tax return get Intimation u/s 143(1) and many a times as a professional its difficult...
Read moreITR 1 and 4 notified by CBDT for A.Y. 2020-2021:
We have entered into a new year and the first notification issued by CBDT is to notify ITR 1 and...
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Due date to link Aadhar card with PAN number again increased
CBDT vide its notification 107/2019 Dt. 30.12.2019 has again extended the due date for linking the PAN with Aadhar card....
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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
- 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?
- Statutory Audit of Cash and Cash Equivalents in Indian Companies [Company Law]
- Statutory Audit of Trade Receivables in Indian Companies [Company law]
- Statutory Compliance Calendar for February 2025 | Income tax, GST and various other laws
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