Covid-19 cess being levied by state government
With the current situation in the country where most of the businesses are closed and government is not able to ...
Thursday, February 12, 2026
Immunity from penalty u/s 270A, prosecution u/s 276C or 276CC – Section 270AA
In our earlier post we had discussed what is penalty u/s 270A which is effective for cases of A.Y. 2017-18 ...
Penalty on misreporting and under reporting u/s 270A of the Income tax act w.e.f. A.Y. 2017-18 cases
Section 270A was introduced by Budget 2016, which was made effective for cases relating to AY 2017-18 in place of ...
Refund issued u/s 143(1) of Income tax act can be withhold by AO under various circumstances – SC judgement
In judgement in case of Vodafone Idea Ltd. v. Assistant Commissioner of Income-tax 116 taxmann.com 393 Dt 29.04.2020, it was ...
Exemption u/s 54F can be allowed even if amount not deposited in special capital gain account scheme – Jaipur ITAT
Jaipur ITAT in a recent judgement in case of Goverdhan Singh Shekhawat v. Income Tax Officer, Ward- 6(1), Jaipur Dt. ...
Supreme Court Judgement in case of TDS on payment made to foreign cricket association
In the present case judgement was announced by Hon'ble Supreme court in case of PILCOM v. Commissioner of Income-tax on ...
LUT of FY 2019-20 to be eligible for FY 2020-21 upto 30.06.2020
An ordinance Dt. 31.03.2020 was issued under the heading THE TAXATION AND OTHER LAWS (RELAXATION OF CERTAIN PROVISIONS) ORDINANCE, 2020 ...
AO cannot travel beyond the scope of limited scrutiny without prior approval of appropriate authority – Jaipur ITAT
In a recent judgement of Hon'ble ITAT Jaipur pronounced on 27.02.2020 in case of Shri Sita Ram Swami v. The ITO, ...
ICAI advisory on members mentioning fees on their advertisement during Covid-19
During this times you must be seeing many CA firms or members putting out advertisement for filing of free Income ...
Hearing of cases through video conferencing is going to be the new trend
When faceless scrutiny was announced in Income tax act everyone was skeptical, that one would be able to communicate his ...
TDS on dividend received from domestic companies for equity shares – Section 194:
With Budget, 2020 our Hon’ble Finance Minister demolished Dividend Distribution tax and now dividend would be taxable in the hands ...
12AA registration should be provided to new trust on basis of objects even when no activities have been performed – Supreme court
In a recent landmark judgement in case of Ananda Social & Educational Trust v. Commissioner of Income tax, Hon’ble Supreme ...
Clause 30C and 44 of Tax Audit Report kept in abeyance for another year.
CBDT vide circular 10 of 2020 has kept clause number 30C and 44 of Tax audit report in abeyance till ...
Revised Minimum Recommended Scale of Fees for the Professional Assignments done by the Chartered Accountants
The Committee for Members in Practice (CMP) of ICAI as a part of its commitment to strengthen the Practitioners has ...
CBDT denies news of report prepared by 50 IRS to combat the effect of Covid – 19 | Suggest 40% tax on super rich | Fact check
There are different report's being circulated under the name F.O.R.C.E. (Fiscal Options & Response to Covid-19 Epidemic) which has been ...
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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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