Tag: Income tax updates

Hon’ble ITAT has mentioned that the word “may” cannot be considered as “shall”, and hence passed on a judgement that ...

This Return Form can be used by a company as per section 2(17) of the Income Tax Act. This form ...

The initial analysis of the seized documents has also revealed that these groups have suppressed income to the tune of ...

Although there have been no key changes in filing of ITR 7 or it's content as such but it is ...

This modus-operandi of unaccounted cash sales of pharmaceutical medicines, including cash receipts through hawala for sale of medicines to Afghanistan, ...

The modus-operandi followed by the group includes unfair regular collection on coal transportation throughout the State of Chhattisgarh leading to ...

TDS form for virtual digital asset exchange for deducting TDS (Notification No. 73/2022) Dt. 30.06.2022 CBDT has release Form 26QF ...

People started complaining about the website and thus Income Tax department had to respond to that and the response is ...

According to the proviso to sub-section (1) of section 194S of the Act, there could be a situation where the ...

The amendment and insertion of clause 44 in Tax Audit report was first introduced in 3CD in 2018. The existing ...

Section 194S: Payment on transfer of virtual digital asset: Any person responsible for paying to any resident any sum by ...

We have already discussed about the various ITR which are already available to us i.e. ITR 1 to 4. In ...

Income Tax return for FY 2021-22 were announced, however till date only ITR 1, 2 and 4 were available for ...

It is not necessary for the payer/deductor to check the taxability of the sum in the hands of the payee ...

Cost inflation index has been announced for F.Y. 2022-23 at 331 and for previous FY 2021-22 it was 317.