Income Tax News

Before starting the discussion on Income tax chargeable on income of non-residents let's first understand who are ordinary resident, resident...

When one used to file a belated return of income u/s 139(4), he/ she used to file it very carefully...

After 31.03.2019 it was made compulsory by Income Tax department that refund of income tax will only be issued by...

Section 194A covers TDS on interest other than interest on securities and it says any person other than Individual and...

Many of the people carrying on business and profession mostly claims refund of their TDS deducted or advance tax paid...

Here's a special post for some students who are preparing for professional exams. I am also from this community and...

Till now many people would have filed their return of income who were liable to file their return of income...

Reading the Topic of post many of you must be wondering what is Part B of Form 16 and how...

As the name suggest any payment of tax made during the financial year for that financial year itself is known...

Vide notification no. 69/2019, Central Board of Direct Taxes (CBDT) has made an amendment to Income tax rules, 1962 and...

Section 54EC was introduced from 01.04.2001 as a section to provide deduction from capital gain earned on any long term...

After Aadhar card was launched it was announced that same needs to be linked with PAN card compulsorily, however the...

Hon'ble Finance Minister, while presenting the Budget, 2019, made an announcement in her speech that a new scheme of faceless...

Long term capital gain on sale of listed security shall be Applicable on any sale of listed security after 1.4.2018...

Whenever we receive any notice from Income Tax department we start worrying even if we hadn’t done anything wrong. In...