News
PM Launches e-Rupi digital payment solution system on 02.08.2021 | e-Rupi Digital Voucher
e-RUPI is a cashless and contactless digital payments medium, which will be delivered to mobile phones of beneficiaries in form...
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Glenmark Life Sciences IPO allotment status and capital gain tax on selling shares in IPO allotment | Capital gain on IPO
Incorporated in 2011, Glenmark Life Sciences is the leading manufacturer of Active Pharmaceutical Ingredients (APIs). The company develops, manufactures, and...
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Extension of time lines for electronic filing of various Forms under the Income-tax Act,1961
The Central Board of Direct Taxes (CBDT), in exercise of its powers under Section 119 of the Act, extends the...
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NACH system for clearing of payment will now be available for 365 days | Now cheque will be cleared on Sunday also
Till today NACH system would function only on the days when the bank works but from 01.08.2021, NACH system will...
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E-filing portal charging late fees on return filed after 31.07.2021 for FY 2020-21 | Late fees u/s 234F
However, it seems that same has not been incorporated on the e-filing portal till date as the people are still...
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Filing of annual return for FY 2020-21 is optional for Aggregate Annual turnover upto Rs. 2 crore
"In exercise of the powers conferred by the first proviso to section 44 of the Central Goods and Services Tax...
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Interest u/s 234A to be charged after 31.07.2021 even where ITR filing facility is not available | Is it fair?
The interest shall be charged u/s 234A, where tax payable is more than Rs. 1 lakh as computed above, even...
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Changes in GSTR 9 and 9C notified by ministry of Finance for FY 2020-21 | GSTR 9C/ GST audit to be self certified by taxpayer
The Turnover limit for GSTR 9C has been kept at Rs. 5 crore and all businesses with aggregate turnover above...
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[Resolved] Error faced in the new Income tax e-filing portal related to log-in of an assessee | E-filing 2.0
Further, there is one more way which people are suggesting to overcome the above issue wherein it is being told...
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Pay Self Assessment tax and file return for AY 2021-22 before 31.07.2021 or pay 2% interest per month thereafter
Thus, if you are an individual other than senior citizen who is not liable for any audit and his normal...
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New error faced in the new Income tax e-filing portal related to log-in of an assessee | E-filing 2.0
Now, in the current error when an assessee is trying to log in to the e-filing portal using his/ her...
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New functionality on Annual Aggregate Turnover (AATO) deployed on GST Portal for taxpayers
GSTN has implemented a new functionality on taxpayers’ dashboards with the following features: The taxpayers can now see the exact...
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Key changes in ITR 1 Form for AY 2021-22 | Income tax return updates
Who is eligible to use this Return Form i.e. Who can file ITR 1 Form? This Return Form is to...
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Business codes and professional codes for Income tax return/ ITR forms for AY 2021-22
Business/ professional code is required to be mandatorily filled by each and every person who are showing income from business...
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Should salaried employee having salary between Rs. 2.5 lakh to Rs. 5 lakh file Income tax return? | Income tax return for salaried employee
Therefore, payment of tax and filing of income tax return are two different things and if a person whose total...
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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
- GIFT City Investments and Schedule FA Disclosure
- 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
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