News
Certificate to be issued by trust for giving benefit of deduction under section 80G in respect of donation by donor
Thus, Form 10BD needs to be filed by the trust, company or organization registered under section 35 or section 80G...
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Income Tax Department conducts search operations on a real estate group in Mumbai and Navi Mumbai Region of Maharashtra
Several documentary and digital evidences have been found and seized demonstrating receipt of cash to the tune of Rs.100 crore, as part...
Read moreIncome Tax Department conducts search operations in Jaipur, Rajasthan
The search action has resulted in seizure of cash of about Rs. 4 crore and jewellery valued at Rs. 9.00 crore. So far,...
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GST Revenue collection for November 2021 | ₹ 1,31,526 crore gross GST revenue collected in the month of November 2021
₹ 1,31,526 crore gross GST revenue collected in November GST collection for November,2021 surpassed last month collection registering the second...
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How to File Form 10B for trust? | Tax audit for trust | Who needs to file Form 10B? Practical difficulties being faced while Filing Form 10B
The trust needs to file Income tax return based on the provisions of section 139 and as per the constitution...
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Measures taken by MCA to ameliorate difficulties faced due to COVID-19 pandemic
An additional period of 180 more days has been allowed to comply with the requirement of filing a declaration for...
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CBDT extends last date to update UDINs for all IT forms on e-filing website till 31.01.2022
The CBDT has extended the last date for updating UDINs for all the IT forms at the e-filing portal to 31st January,...
Read moreGross GST Collection in FY 2021-22 shows increasing trend
Giving out the Gross Direct Tax collection figures for the FY 2021-22, the Minister stated that as on 23.11.2021 Gross...
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Adding/ Submitting bank details mandatory on GST website or else GST registration will get cancelled
In India GST was introduced in July, 2017 and there are various turnover and other conditions which needs to be...
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Filing of Form 67 is not mandatory to claim Foreign tax credit under Income tax: ITAT Bangalore [order]
I have given a careful consideration to the rival submissions. I agree with the contentions put forth by the learned...
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Sovereign Gold Bond Scheme 2021-22 (Series VIII) – Issue Price
The issue price of the Bond during the subscription period shall be Rs 4,791 (Rupees Four thousand Seven hundred ninety...
Read moreIncome Tax Department conducts search in Maharashtra, Gujarat & Delhi on certain Indian companies & their associate concerns, controlled by a neighbouring country
One of such companies trading in chemicals was found to be routing the claim of purchases through Marshall Island, a...
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Section 194-O not applicable on E-auction and clarification of applicability of TDS provision on government department
it is clarified that the provisions of section 194-O of the Act shall not apply in relation to e-auction activities...
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Cryptocurrency bill to be presented with an intention to ban all private cryptocurrency in India in winter session of parliament
Thus, this bill will have two agenda: To bring RBI's own digital or cryptocurrency. To ban all private cryptocurrency in...
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India and USA agree on a transitional approach on Equalisation Levy 2020 | Equalisation levy at 2% on e-commerce
India and United States have agreed that the same terms that apply under the October 21 Joint Statement shall apply...
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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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