Income Tax News
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...
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ITR 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....
Read moreNew modes of accepting payment notified under section 269SU with further clarification
CBDT on 30th December has issued a notification and a clarification with regard to further facilities a business must provide...
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Extension of due date for Tax audit in J&K and reply to notice u/s 142(1) for A.Y. 2018-19
CBDT vide its order under section 119 have increased the time limit for filing of Income tax return by any...
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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
- 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
- Budget 2025 updates | Income tax and GST updates
- Assessee receiving message for 80GGC donation for AY 2022-23 from Income tax department
- Statutory Audit of Inventories for Indian Companies [Company Law]
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