Tag: Income tax updates

Finance bill, 2022 has introduced section 140B of the Income tax act wherein such person is required to pay additional ...

Who can file the updated return? Anyone can file the updated return irrespective of whether the person has filed original ...

Out of 6.17 crore ITRs filed for AY 2021-22, 48% of these are ITR-1 (2.97 crore), 9% is ITR-2 (56 ...

The below mentioned judgement was pronounced on 17.01.2022 in Kolkata High Court by Hon’ble Mr. Justice Md. Nizamuddin in case ...

Therefore, CBDT has come up with an update wherein it was announced that till next announcement assessee and Chartered Accountants ...

As per the above provision below are bullet points for taxation of digital asset: Income from Digital asset shall be ...

India's Digital currency: RBI to bring Digital Rupee from 2022 and bring India's own digital currency which will be regulated ...

To mark the final stage of Union Budget making process, sweets provided to core staff due for “lock-in” at their ...

Further, it has been seen that in case where companies had opted for lower tax rate under section 115BAA, then ...

In this post we shall discuss about some FAQ in relation to various audit and other forms which one needs ...

In this post we shall discuss about the flow of process to file various forms on the new e-filing portal ...

Let's start with a note that being a citizen of a country and being a tax resident are two different ...

The Finance Act, 2021 amended clause (10D) of section 10 of the Act by inserting fourth to seventh provisos. Fourth ...

The Income Tax Department had conducted a search and seizure operations on a diversified business group engaged in the manufacturing ...

The report of the audit of the accounts of an assessee, which is required to be furnished under sub-section (7) ...