News
Different Income tax rates for various sources of Income under Income Tax Act
Heads of income are mentioned in Section 14 of the Income Tax Act, 1961: A.—Salaries. B.—Income from house property. C.—Profits...
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Employee can claim TDS credit even if employer has not deposited TDS with the government: Gujarat High Court
Gujarat High Court in case of KARTIK VIJAYSINH SONAVANE V/s DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE 8 held by order...
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Income Tax Department conducts search operations in Surat, Gujarat
A preliminary analysis of these evidences indicates unaccounted cash receipt of on- money of more than Rs. 300 crore on sale...
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ED has arrested a Chartered Accountant in money laundering case | A chartered Accountant should think twice before signing/ certifying documents
Despite being a CA, he failed in his statutory duty and assisted the accused persons and charged Rs 1500 per...
Read moreIncome Tax Department conducts search operations in Gujarat
The Income Tax Department initiated search and seizure operations on a prominent business group, engaged primarily in the manufacturing of...
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How to register and use digital signature on new e-filing website for a company, partnership firm etc. | E-filing 2.0
Registering Digital signature on e-filing website is important and necessary especially in case of a company or LLP where digital...
Read moreIncome Tax Department conducts search operations in West Bengal
A preliminary analysis of these evidences reveals that many paper/shell companies are run by the group to provide accommodation entries...
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Module wise new functionalities deployed on the GST Portal for taxpayers deployed in November 2021
New functionalities deployed on GST website for the month of November affects below mentioned modules: Registration Refund, Registration, returns and...
Read moreIncome Tax Department conducts search operations in Delhi
The Income Tax Department initiated search action on 24.11.2021 on a taxpayer in Delhi who has created a beneficiary trust and...
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Improvements in GSTR-1 return from 26.11.2021
A revamped & enhanced version of GSTR-1/IFF is being made available on the GST Portal to improve the taxpayer experience....
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Can businesses accept or may payment in Crypto currency in India? Tax implication of doing transaction in cryptocurrency in India
In the past 1-2 years we have seen a lot of growth in the cryptocurrency market in India and people...
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Re-assessment Notice issued under old provision of section 148 after 01.04.2021 is void-ab-initio and quashed – Rajasthan High Court [Read order]
Thus, based on the above judgement it can be said that the Rajasthan High court has fully followed the Allahbad...
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Income tax department has release new updated schema/ Form for filing Tax audit report in Form 3CA-3CD/ 3CB-3CD on 03.12.2021
Other than above there have been no major structural changes in the schema. However it is advisable to use the...
Read moreIncome Tax Department conducts search operations in Madhya Pradesh
Documentary evidence found and seized from the search operation of the coaching group clearly shows suppression of cash receipts from...
Read moreIncome Tax Department conducts search operations in Pune, Maharashtra
The preliminary analysis of these evidence clearly shows evasion of taxable income by adopting various malpractices such as claim of...
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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
- 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?
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