Constitutional validity of Leave encashment u/s 43B of the Income Tax act – Landmark Supreme Court Judgement
This judgement was announced in case of Union of India v. Exide Industries Ltd. (116 taxmann.com 378) Dt 24.04.2020 wherein ...
Thursday, February 12, 2026
Exemption/ deduction u/s 54F can also availed if amount is deposited in CGAS before filing of return u/s 139(4)
In a recent Judgement pronounced by Jaipur Tribunal in case of SMT. RENU JAIN NEW DELHI vs. ITO, WARD 5(2) ...
Who will be considered as Resident individual after amendment in Budget 2020?
There was a confusion relating to the definition of resident as per section 6 when same was announced in Budget ...
What is Form 67 which is required to take Foreign tax credit (FTC) and how do you file it?
Now with advancement in technologies and with Indian's working abroad or setting up companies in abroad and earning outside India ...
Clarification on GST refund related issues
GST was considered to be a game changer and also reduce the cost of goods as now people could take ...
Major updates relating to Vivad se Vishwas act, 2020 Dt. 22.04.2020
Vivad se Vishwas was announced as a dispute resolution scheme by Finance ministry to resolve the pending disputes under Income ...
ICAI waives off condonation fees for Students
During this time of pandemic as all of us are facing problems in doing all the things in a smooth ...
TDS on selling on E-commerce platform under Income tax act – Section 194-O
Section 194-O which deals with TDS by E-commerce operator on payment made to E-commerce participant was inserted by Finance Bill, ...
PMT-09 is now live | Now you can shift amount from CGST to SGST or vice versa | Notification 37/2020
Earlier launched by CBIC via notification no. 31/2019 CT on 28th June 2019, PMT 09 is the prescribed challan for ...
Taxability of dividend after Dividend distribution tax (DDT) has been scrapped by Finance Bill, 2020
Dividend income was made exempt by virtue of section 10 (33) inserted by Finance Bill, 1997 which was later on ...
TDS Rate Chart for FY 2020-21
With Budget 2020, major amendments made with regard to TDS are as under: 1. Amendment has been made in section ...
CBDT modifies ITR to let people take benefit of extended time limit due to Covid-19
As we all know CBDT had extended date for filing revised return u/s 139(5) for A.Y. 2019-20 along with extension ...
WIRC makes representation for including CA services under essential services amid COVID-19
Amid this situation government is giving permission to only essential services and goods to operate i.e. hospitals, news channels, grocery ...
Income tax refunds released by CBDT amid Covid-19
As discussed in our earlier post relating to CBDT releasing refund for amount upto Rs. 5 lakh and how you ...
Revision of rules for Foreign Direct Investment by neighboring countries amid Covid – 19 pandemic
During this pandemic, the government has reviewed and revised FDI policy to curb takeovers/ acquisition of Indian companies. The change ...
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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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