News
Peer Review Mandate – Roll Out – (Revised) by ICAI on 11.04.2022
Certain aspects required revision to bring in more clarity e.g. the time limit for compliance of the mandate, qualifications of...
Read more
Canada, USA and UK listed as notified country under section 89A for taxation of income from retirement benefit account
Section 89A deals with providing relief from taxation on income from retirement benefit account maintained in a notified country wherein,...
Read more
One arrested by DGGI Gurugram officials for fraudulently availing Input Tax Credit of more than Rs 16 crore
The Directorate General of GST Intelligence (DGGI) Gurugram Zonal Unit (GU), Gurugram, has unearthed a case wherein a series of...
Read moreInvitation to CA for Expression of Interest for Empanelment as Subject Matter Expert in the Statutory Audit by ICAI
In this regard, we are pleased to invite expression of interest for empanelment as Subject Matter Expert for forming the...
Read more
Major Changes in ITR Form, announced for AY 2022-23
It is important to note that as of now only JSON schema of ITR have been released for ITR 1...
Read more
Tax Revenues in 2021-22 exceed the Union Budget estimates by ₹5 lakh crore
Against the Union Budget estimates of ₹22.17 lakh crore, the revenue collections as per the pre-actual figures is ₹27.07 lakh...
Read more
Intimation issued u/s 143(1) of the Act for AY 2020-21 does not allow depreciation on adjustment of WDV due to additional depreciation to companies opting for section 115BAA
To resolve the issue Income Tax department should take an initiative, issue a circular, reprocess all the returns and provide...
Read more
Statutory Compliance Calendar for April 2022 | Income tax, GST and various other laws
Statutory Compliance Chart for the Month of April 2022 : Below mentioned are some important due dates under Income tax, GST, company...
Read more39 more amendments in Finance Bill which was implemented in Finance Act, 2022 received assent of President
1) Loss from one Virtual Digital Asset (VDA) cannot be set-off against income from another VDA. 2) Definition of ‘transfer’...
Read moreSigning of 62 Advance Pricing Agreements by CBDT in FY 2021-22
This includes 13 Bilateral APAs (consequent to Mutual Agreement between India and its treaty partners) and 49 Unilateral APAs.
Read more
Remuneration from Partnership firm cannot be considered as gross receipt/ turnover for section 44AB | Bombay High court | Case law
The court concluded that the Revenue was right in its contention that remuneration and interest from the partnership firm cannot...
Read more
Central Government relaxes provisions of TCS under section 206C(1G) of the Income-tax Act, 1961 in respect of non-resident individuals visiting India
In order to remove such difficulties, the Central Government, in exercise of powers conferred under section 206C(1G) of the Act,...
Read more
The gross GST revenue collected in the month of March 2022 is ₹1,42,095 crore beating the record of January 2022
The revenues for the month of March 2022 are 15% higher than the GST revenues in the same month last year and 46%...
Read more
MCA has extended due date to submit CSR-2 form to 31.05.2022 for FY 2020-21
MCA has vide notification Dt. 31.03.2022 extended the due date for submitting Form CSR-2 till 31.05.2022 from existing due date...
Read moreCBDT extends last date for filing of Form No.10AB till 30.09.2022
The application for registration or approval under Section 10(23C), 12A or 80G of the Act in Form No.10AB, for which...
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
