Income Tax Department’s NUDGE Initiative 2025-26: A Clear Warning for Taxpayers to Ensure Accurate Reporting
The Income Tax Department of India, through the Central Board of Direct Taxes (CBDT), has rolled out its data-driven NUDGE ...
Wednesday, January 28, 2026
Tag: Income tax notification
Procedure, format and standard for filing an application for lower deduction of TDS by deductee u/s 197 [Read notification]
For making an application in Form 13 with Annexure II the tax-payer/Deductee shall login into the TRACES website (www.tdscpc.gov.in), for ...
Extension of due date for filing Form 56F for AY 2023-24 till 31.12.2023
hereby extends the due date of filing of report of the accountant as required to be filed under clause (8) ...
CBDT notifies changes to Rule 11UA in respect of ANGEL TAX
Taking into consideration the suggestions received in this regard and detailed interactions held with stakeholders, Rule 11UA for valuation of ...
Claim TDS credit deducted in next assessment year for income offered in earlier year [Read section]
tax on such income has been deducted at source and paid to the credit of the Central Government in accordance ...
Calculation of income and tax on Insurance policy under Income Tax Act
However, in our opinion insurance policies are long term investments for a person and not giving the benefit of indexation ...
Limit of exempt income for leave encashment for non-govt employees increased to Rs. 25 lakh [Read notification]
having regard to the maximum amount receivable by its employees as cash equivalent of leave salary in respect of the ...
Any money or property received on death of person by family member is not liable to Income tax u/s 56(2)(x) [Read notification]
As per proviso to section 56(2)(x) any amount of money or property received by the family member of a deceased ...
Income tax e-filing website not working properly from past 2 days – Income Tax Department responds
People started complaining about the website and thus Income Tax department had to respond to that and the response is ...
New conditions prescribed under seventh proviso of section 139 for individuals who need to compulsorily file Income tax return
Now, CBDT has prescribed some other conditions under fourth clause of above proviso vide notification No. 37/2022 Dt. 21.04.2022 wherein ...
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, ...
Guidelines under clause (10D) section 10 of the Income-tax Act, 1961 for calculating taxability of ULIP investment with illustration [Read circular]
The Finance Act, 2021 amended clause (10D) of section 10 of the Act by inserting fourth to seventh provisos. Fourth ...
CBDT introduces a scheme for faceless collection of information under section 135A of the I.T. Act in relation to section 133, 133B, 133C, 134, 135
(1) The scope of the Scheme shall be in respect of: (i) calling for information under section 133 of the ...
Relief in tax payable under MAT provision for entities having advance pricing agreement or secondary adjustment under section 9
As mentioned above, rules were required to be prescribed to provide relief to assessee covered under advance ruling and secondary ...
Did recent notification of Income Tax on 24.06.2020 extended all due dates to 31.03.2021
On 24.06.2020 a notification was issued by Ministry of Finance notifying all the extension of due dates which were announced ...
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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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