News
TDS rate chart for AY 2022-23 released by CBDT | Income tax department
Now CBDT has released rate chart for same so that people can deduct correct TDS. It is important to note...
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Extension of the due date for filing Revocation application for cancellation of GST registration
"In view of Notification No. 14/2021 dt. 01.05.2021, the timeline for filing the ‘Application for Revocation of Cancellation’ has been...
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Things to keep in mind for fast and easy customs clearance of COVID related equipment’s or medicaments through courier
Thus, CBIC has issued a directive stating various things, documents and steps to keep in mind and which should be...
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Mandatory updation of UDINs in all Income Tax Forms at e-filing Portal – ICAI appeals to it’s members
In other words, members would be required to first generate UDIN and provide the same while uploading the IT forms....
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Capital gain details to be submitted by Mutual funds houses under SFT for pre-filled ITR
However, it is advisable to not rely on this information completely and also take assistance of a tax expert for...
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ESIC department extends due dates for April 2021 amid Covid Pandemic
ESIC department has extended compliance due dates for April 2021. Thus, the contributions and returns for April 2021 which are...
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Income tax department issues clarification regarding seeking information about unaccounted cash from hospitals accepting payment above Rs. 2 lakh in cash
The Finance Ministry has not issued any directive to CBDT in this regard. Further, unlike as reported, the CBDT has...
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Frequently Asked Question on Accounting for amounts to be incurred towards Corporate Social Responsibility (CSR) : ICAI
➢ Section 135(1) lays down requirement for constituting a CSR committee by a company which meets either of the three...
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Time limit for issuing assessment notice u/s 143(2) in case of revised return or a defective return
Thus, from the above order inference could be drawn that once a revised return is filed a new return comes...
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Exemption/ Deduction cannot be disallowed to Charitable trust just because Form 10 was not filed within due time – Gujarat HC
This Court took the view that the benefit of exemption should not be denied merely on account of delay in...
Read moreExtension of validity of Peer Review Certificate in the wake of COVID -19 spurt across the country: ICAI
grant extension to the Peer Review Certificates expiring during the period from 1st April, 2021 to 30th June 2021 up...
Read moreNow hospitals and other covid centres can accept Cash above Rs. 2 lakh | CBDT relaxes provision of section 269ST
Now looking at the current situation of pandemic CBDT has vide notification Dt. 07.05.2021 decided to provided a relaxation to...
Read moreDTC of ICAI arranges discount on various books related to Income tax act by different publishers for it’s members
(i) Direct Taxes Committee of ICAI enters into an arrangement with Taxmann Allied Services Private Limited w.r.t Virtual Books- Income-tax...
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Assessment Order passed before the due date for reply to show cause notice not valid. High court grants stay on such proceedings | Delhi high court
Although, a reply qua SCN was prepared by the petitioner it could not be filed as the assessment order was...
Read moreCBDT provides rules for depositories to submit SFT details relating to capital gain income on listed securities | Pre-filled ITR
Hence, based on the above information it looks like all the details related to income from capital gain will be...
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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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