News
A company succeeding partnership firm can claim deduction under 80-IA even though original agreement was entered by firm – Supreme court
Company qualified for the deduction under section 80-IA being an enterprise carrying on the stated business pertaining to infrastructure facility...
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ITR 4 now available for AY 2020-21 | Who is eligible to file such return
As we know ITR for AY 2020-21 or FY 2019-20 were notified by Income Tax department vide notification Dt. 29.05.2020. Now, on...
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Compliance due dates for June, 2020 | Compliance calendar for June, 2020 | 20+ compliances
As we know because of the pandemic many of the compliance due dates were extended to 30.06.2020. Now the month...
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Do NRI need to link their Aadhar with PAN? TDS at higher rate if PAN not linked with Aadhar?
As we know the due date for Linking of Aadhar with PAN is getting extended and extended but as of...
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ITR 1 for AY 2020-21 is now available for filing on e-filing website | Who can file? What are the changes in ITR 1
As we know ITR for AY 2020-21 or FY 2019-20 were notified by Income Tax department vide notification Dt. 29.05.2020....
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Amendment to rules for remuneration to be paid to an eligible Fund Manager u/s 9A of the I.T. Act
Rule 10V of the Income Tax rules deals with calculation of remuneration to be paid to a fund manager as...
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CBIC issues press note relating to GST late fee for August 2017 to January 2020 to be discussed in the next GST Council meeting.
In a recent twitter post on 01.06.20, CBIC has posted a Press note wherein they have said that they are...
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Further revision of MSME definition – New limit for medium enterprise
As we know during the lockdown period various relief was provided to MSME and along with it the definition of...
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11 Handbook issued by ICAI – indirect tax committee on various Topics under GST
The Institute of Chartered Accountants of India (ICAI) is the national professional accounting body of India. It was established on...
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GST on GTA services – A brief analysis
GST on Good Transportation Agency (GTA) service has been very much confusing and controversial and in this note we'll try...
Read moreForm 26AS/ Annual Information statement : Now more than history of just taxes paid of the Assessee! Full Financial details
“Question: Hey! What is your Tax History? Are you compliant and paying Income tax properly??Tax Payers (before): I do pay...
Read moreNew ITR 1 to 7 for AY 2020-21 notified by CBDT – Detailed analysis of important amendments
CBDT has notified ITR 1 to 7 for AY 2020-21. As we know the due date for filing ITR was...
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Lockdown 5.0: Now schools, religious places will open outside containment zone
As we know in Lockdown 4.0 many relaxations were offered where offices were allowed to open but still places of...
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How to show PM CARES Fund in Schedule VI as eligible for CSR
As we know contribution to PM CARES fund is eligible for CSR expenditure in case of companies. Now MCA vide...
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No TDS to be deducted on salary/ Interest paid to partner by partnership firm.
A partner in a partnership firm earns various types of Income: Remuneration/ salary, commission, interest on capital or profit share....
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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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