Income Tax News
Document Identification Number (DIN) now compulsory from 01.10.2019 on each communication by Income Tax Department
Before 4-5 years people used to receive notices from Income Tax Department via and post and from past 4-5 years...
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CBDT amends rule 114 and issues clarification on interchangeability of Aadhar card and PAN card:
In the budget Speech it was announced by our Finance minister that now people can quote their Aadhar number in...
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TAXATION ON BUY BACK OF SHARES: LISTED SECURITIES/ UNLISTED SECURITIES:
Section 115QA was inserted by Finance Act 2013 to deal with buy back of securities but it only covered unlisted...
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TDS Rate Chart for FY 2019-20
With Budget 2019 only two major amendments were made with regard to TDS: Under section 194A the limit for TDS...
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Who can File ITR 1 and ITR 4?
Let’s discuss who can file ITR 1 and 4 and who cannot. Before starting with the details one must also...
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Tax on winning prize money on KBC, Dream 11 and other such game shows:
When you see people winning 3,20,000 on KBC or when you win big on Dream 11 you might be having...
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Last minute FAQ with regard to filing of your Income tax Return.
FAQ you must read before filing your return of income and providing some information: First let's talk about the questions...
Read moreIncome tax slab rate for F.Y. 2019-20 i.e. A.Y. 2020-21 is as follows:
Income Tax Slab Rate for resident Individual (i.e. men/women) below 60 Years of Age: Income Tax Slab Income Tax Slab...
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CBDT simplifies the process of assessment in respect of Startups:
As announced by the Finance Minister Nirmala Sitharaman in her budget speech on 5th July 2019, that Startup’s will get...
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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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