Income Tax News

For making an application in Form 13 with Annexure II the tax-payer/Deductee shall login into the TRACES website (www.tdscpc.gov.in), for...

Hon'ble Mumbai ITAT has passed an order in case of Ms. Shobha Harish Thawani for AY 2016-17, 2017-18 and 2018-19...

there are other conditions prescribed under section 10(6)(vi) which needs to be fulfilled to get the above exemptions by foreign...

As of now there is no clarity as to why discard return option is better than filing a revised return,...

As per the above points it was mentioned that TDS/ TCS needs to be deducted/ collected at higher rates. This...

Section 115BAC deals with lower/ concessional tax rates for individual, HUF etc. rather than the tax rates prescribed for individual...

The delay in filing of Form No. 10-IC as per Rule 21AE of the Rules for previous year relevant to...

The gross GST revenue collected in the month of October, 2023 is ₹ 1,72,003 crore out of which ₹ 30,062 crore is CGST, ₹ 38,171...

However, when the assessee were trying to download ITR V later it was showing a watermark on the verification form...

hereby extends the due date of filing of report of the accountant as required to be filed under clause (8)...

Investigations so far made, has shown that the group has been suppressing its taxable income by grossly under-reporting its sales...

CBDT has vide Circular No. 17/2023 Dt. 09.10.2023 provided clarification in relation to data which needs to be feeded in...

Non-resident can register using the option of "Others" while registering and choose the option of "Non-Residents not holding and not...

The amount prescribed for delay in filing Tax audit report is mentioned under Section 271B of the Income Tax Act...

Taking into consideration the suggestions received in this regard and detailed interactions held with stakeholders, Rule 11UA for valuation of...