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How to memorize deemed dividend sections? (Especially for students)
Here's a special post for some students who are preparing for professional exams. I am also from this community and...
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How to check if Income Tax refund has been issued or not and if not then why it has not been issued:
Till now many people would have filed their return of income who were liable to file their return of income...
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Representation on Extension of due date for taking Input Tax credit of F.Y. 2018-19
SOCIETY FOR TAX ANALYSIS & RESEARCH October 14, 2019 To, Smt. Nirmala Sitharaman. Hon’ble Minister of Finance, Government of India...
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Part B of Form 16 will also be made available by TRACES
Reading the Topic of post many of you must be wondering what is Part B of Form 16 and how...
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What is advance tax and who are liable to pay advance tax?
As the name suggest any payment of tax made during the financial year for that financial year itself is known...
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Higher Depreciation for new vehicles purchased in Income Tax w.e.f. 23rd August 2019
Vide notification no. 69/2019, Central Board of Direct Taxes (CBDT) has made an amendment to Income tax rules, 1962 and...
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Only 20% credit allowed of bills which are not matched with GSTR 2A: Now it’s time to check your GSTR 2A quarterly
This limit has been further reduced to 10% by 38th Council meeting on 18.12.2019.On 9th October 2019, CBIC (Central Board...
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Investing your capital gain amount in Bonds under section 54EC still a good option to save capital gain tax?
Section 54EC was introduced from 01.04.2001 as a section to provide deduction from capital gain earned on any long term...
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Annual return optional for F.Y. 2017-18 and 2018-19 for Turnover below Rs. 2 crore
Notification 45/2019 draws timeline for filing of GSTR 1 for the period from October 2019 to March 2020 (because from...
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GSTR 3B is now a return and government has provided time-line for filing GSTR 3B
With the above mentioned notification it has been made clear by GST department that GSTR 3B is a GST return...
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Due date to link Aadhar card with PAN card extended till 31st December 2019 | Procedure to link PAN with Aadhar
After Aadhar card was launched it was announced that same needs to be linked with PAN card compulsorily, however the...
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Faceless scrutiny in Income Tax is now a reality. New E-assessment procedure started
Hon'ble Finance Minister, while presenting the Budget, 2019, made an announcement in her speech that a new scheme of faceless...
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No liability to pay GST under reverse charge on purchase of goods from unregistered supplier above Rs. 5,000:
Reverse charge mechanism (RCM) is a very common phenomenon in indirect tax and is available from the time of Service...
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Long Term capital gain on listed shares now taxable @10% u/s 112A of the income tax act.
Long term capital gain on sale of listed security shall be Applicable on any sale of listed security after 1.4.2018...
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Received notice/ Intimation u/s 143(1) – Know what does it mean and how to reply?
Whenever we receive any notice from Income Tax department we start worrying even if we hadn’t done anything wrong. In...
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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 June 2025 | Income tax, GST and various other laws
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- 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
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