News
Now senior citizen’s are not required to file Income tax return | Budget 2021
Budget 2021 was presented on 01.02.2021 in the parliament. Although there was no major announcements in the Budget for common...
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Cryptocurrency bill will be introduced in Parliament to ban other cryptocurrency in India
Minister of state for finance Anurag Singh Thakur had said on the floor of Parliament that a cryptocurrency bill is...
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What is Section 194Q- TDS on sale of goods introduced by Budget 2021? TDS u/s 194Q vs. TCS 206C(1H)
Budget 2021, was presented in Parliament on 01.02.2021 wherein although very few amendments were introduced in Direct tax as compared...
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How to register as a legal heir on e filing website and file Income tax return | Who can register as a legal heir?
Although the soul of the person leaves the body after his/ her death but the Income tax department can still...
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Handbook on FAQ on SEBI Listing obligation and disclosure requirement by ICAI
Recently we have seen that ICAI has been issuing various handbooks on various topics such as GST, Companies Act, LLP...
Read moreOptions for rectification of Income tax return for AY 2020-21 now available on Income tax website
Finally the due dates for filing original Income tax return is over for most category of people except for those...
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FAQ related to Quarterly Returns with Monthly Payment Scheme (QRMP scheme) and IFF facility
As we know from January, 2021 the QRMP scheme has been launched, so let's discuss a few FAQ on same:...
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Restriction on Establishment of Branch Office (BO) / Liaison Office (LO) in India by foreign law firms
Establishment of Branch Office (BO) / Liaison Office (LO) / Project Office (PO) or any other place of business in...
Read moreBank branch Auditor Final panel hosted on MEF site
Members are hereby informed that Final Bank Branch Auditors’ Panel of Chartered Accountants / firms for the year 2020-21 has...
Read morePayment of Tax by Fixed Sum Method under QRMP Scheme
W.e.f. 1st January, 2021, following two options are available to the Taxpayers who are under Quarterly Returns and Monthly Payment...
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Time limits of return filing and assessment in Income tax which has been proposed to be reduced by Budget 2021
As we know that under Income Tax and many other law as well government is trying to increase the use...
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Petrol and Diesel Prices to be increased by Budget 2021 by introducing new cess
In our series of discussion about Budget 2021 we must understand that Budget is not only about changes in Direct...
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2 Major amendments in Budget 2021 which would affect HNI – High net worth individuals
In our earlier post we had discussed in brief various changes made by Budget 2021 to Income tax and GST....
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GST audit scrapped by Budget 2021 | What is the truth regarding same? Is it applicable to FY 2019-20
Budget 2021 was presented by our Hon'ble Finance Minister Smt. Nirmala Sitharamanji on 01.02.2021 and we can say that it...
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CBDT further extends due date for Vivad se vishwas scheme upto 28.02.2021
CBDT further extends the date for filing of declarations under the #VivadSeVishwas Act, 2020 to 28th February, 2021. Notification in...
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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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