News
Salary/ remuneration paid to directors also liable for GST under Reverse charge – Advance ruling Rajasthan
In a recent Advance ruling by Rajasthan Authority for advance ruling it was decided that consideration paid to the directors...
Read more
Due date for payment of TDS and filing of TDS statement | Extension of TDS return due date amid quarantine?
TDS means Tax deducted at source. The concept of TDS in income tax act was introduced with an aim to...
Read moreIs there any penalty for non filing of Nil TDS return? Requirement for filing Nil TDS return.
TDS means Tax deducted at source. The concept of TDS in income tax act was introduced with an aim to...
Read more
Who needs to file Income tax return in electronic form and who needs to sign it using digital signature
As per Income tax act each individual whose total income is in excess of Rs. 2.5 lakh during an year...
Read more
Donation by companies to PM cares fund tax deductible? Major amendment by Finance Bill, 2020 to section 115BAA and 115BAB
Section 115BAA and 115BAB to provide corporate tax rate relief to new manufacturing companies and existing companies. At the time...
Read more
Equalisation levy on E-commerce operator | All about equalisation levy
Equalisation levy has been defined under Equalisation levy Act as: "the tax leviable on consideration received or receivable for any...
Read more
Extension of time limit for export realisation by RBI
The Reserve Bank of India (‘RBI’), vide a press release dated 01 April 2020, has announced a relief measure for...
Read more
ICAI issues FAQ on revised LLP settlement scheme
LLP settlement scheme was introduced by MCA with a view that: “As part of Government’s constant efforts to promote ease...
Read more
Summary of notifications 30/2020 to 36/2020 issued by CBIC on 03.04.2020 | Due date of GSTR 3B extended due to Covid-19
CBIC issued 7 notifications in 1 day on 03.04.2020 which clarifies various relief which was provided by Finance Minister on...
Read more
Major Changes applicable from 01.04.2020 in Income tax
Major Changes in Income Tax act which one needs to keep in mind while accounting for F.Y. 2020-21: 1. Dividend...
Read more
Companies Fresh start Scheme – 2020
After the success of individual dispute resolution schemes in Indirect tax, Direct tax and LLP now Ministry of corporate affairs...
Read more
Relief from TDS/ TCS provisions amid Corona Virus Pandemic
CBDT vide order u/s 119 of the Income tax act has provided the following relief in relation to TDS and...
Read more
Investment u/s 54EC cannot be made till 30.06.2020 for sale of asset before 20.09.2019
Recently an ordinance was passed by Ministry of finance extending various due dates amid corona virus pandemic. In this ordinance...
Read more
Is EMI moratorium beneficial? Should you opt for deferment of interest? Read this before making any decision.
RBI announced it's relief amid this corona virus pandemic on 27.03.2020 wherein it suggested moratorium to bank for 3 months...
Read more
Donation to PM cares fund eligible for CSR fund as well as 80G deduction for F.Y. 2019-20
We are in some difficult times and we need to unite together to help the needy and we must contribute...
Read more-
GSTR 9/ 9C due date to be extended to 31.10.2020 | E-invoicing will be voluntary in the beginning
-
How to pay Membership and COP fees of ICAI for 2020-21 |
-
Code/ Nature of payment 6CR updated by NSDL in challan 281 for paying TCS on sale of goods
-
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
-
SFT transaction mentioned in Form 26AS | What does it mean? | Who reports it? | SFT codes transaction type
- Taxation and Income tax return of Foreign Companies Earning Income from India under special rates
- Income Tax Department’s NUDGE Initiative 2025-26: A Clear Warning for Taxpayers to Ensure Accurate Reporting
- Notice from Income tax department e-verification cell for non-filing ITR. How to respond
- 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?
TaxOnTips provides you all tax related solutions in easy way and update you with its regular updates & notifications Visit us for details.
We are based in Jaipur, India
