TDS credit can be claimed in a year even when corresponding income was offered for tax in earlier year | Delhi ITAT | Case law
Thus, in the present case where the assessee has claimed to have offered the revenues for tax in previous years ...
Saturday, April 11, 2026
Expert Panel for Addressing queries related to Statutory Audit pertaining to Auditing Aspects
In the current environment with ever increasing expectation from auditors, this year the Auditing and Assurance Standards Board of ICAI ...
Additional Information to be provided while generating UDIN for Audit Report for Statutory Audit of Bank Branches
The information to be provided at the UDIN portal regarding MOC will be mandatory and will be totally encrypted. It ...
Facility for CA to update and validate UDIN of tax audit report and other audit report forms enabled on e-filing website filed after April 2021
Please note that this functionality may not be used for updating UDIN for Forms submitted prior to April 2021. In ...
Peer Review Mandate – Roll Out – (Revised) by ICAI on 11.04.2022
Certain aspects required revision to bring in more clarity e.g. the time limit for compliance of the mandate, qualifications of ...
Canada, USA and UK listed as notified country under section 89A for taxation of income from retirement benefit account
Section 89A deals with providing relief from taxation on income from retirement benefit account maintained in a notified country wherein, ...
One arrested by DGGI Gurugram officials for fraudulently availing Input Tax Credit of more than Rs 16 crore
The Directorate General of GST Intelligence (DGGI) Gurugram Zonal Unit (GU), Gurugram, has unearthed a case wherein a series of ...
Invitation to CA for Expression of Interest for Empanelment as Subject Matter Expert in the Statutory Audit by ICAI
In this regard, we are pleased to invite expression of interest for empanelment as Subject Matter Expert for forming the ...
Major Changes in ITR Form, announced for AY 2022-23
It is important to note that as of now only JSON schema of ITR have been released for ITR 1 ...
Tax Revenues in 2021-22 exceed the Union Budget estimates by ₹5 lakh crore
Against the Union Budget estimates of ₹22.17 lakh crore, the revenue collections as per the pre-actual figures is ₹27.07 lakh ...
Intimation issued u/s 143(1) of the Act for AY 2020-21 does not allow depreciation on adjustment of WDV due to additional depreciation to companies opting for section 115BAA
To resolve the issue Income Tax department should take an initiative, issue a circular, reprocess all the returns and provide ...
Statutory Compliance Calendar for April 2022 | Income tax, GST and various other laws
Statutory Compliance Chart for the Month of April 2022 : Below mentioned are some important due dates under Income tax, GST, company ...
39 more amendments in Finance Bill which was implemented in Finance Act, 2022 received assent of President
1) Loss from one Virtual Digital Asset (VDA) cannot be set-off against income from another VDA. 2) Definition of ‘transfer’ ...
Signing of 62 Advance Pricing Agreements by CBDT in FY 2021-22
This includes 13 Bilateral APAs (consequent to Mutual Agreement between India and its treaty partners) and 49 Unilateral APAs.
Remuneration from Partnership firm cannot be considered as gross receipt/ turnover for section 44AB | Bombay High court | Case law
The court concluded that the Revenue was right in its contention that remuneration and interest from the partnership firm cannot ...
-
GSTR 9/ 9C due date to be extended to 31.10.2020 | E-invoicing will be voluntary in the beginning
-
How to pay Membership and COP fees of ICAI for 2020-21 |
-
Code/ Nature of payment 6CR updated by NSDL in challan 281 for paying TCS on sale of goods
-
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
-
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?
TaxOnTips provides you all tax related solutions in easy way and update you with its regular updates & notifications Visit us for details.
We are based in Jaipur, India
