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 ...
Thursday, June 26, 2025
Tag: Income tax updates
Salaried employee receiving notices for claiming deduction under Chapter VI-A
As per the above notice it is not an assessment notice but a preliminary notice to assessee to inform him ...
Statutory Compliance Calendar for September 2023 | Income tax, GST and various other laws
Below mentioned are some important due dates under Income tax, GST, company law etc. for the month of September 2023.
Relaxation in filing Form 10 for accumulation till the due date of filing Income tax return [Read circular]
However, the accumulation/deemed application shall not be denied to a trust as long as the statement of accumulation/deemed application is ...
[Update] Reply from Income tax on 80P adjustment issued by Income tax department u/s 143(1)(a) to LLP, Firm etc.
Intimation u/s 143(1) of Income-tax Act, 1961 with the error description: “In Schedule 80P, deduction u/s 80P(2)(e) cannot be claimed ...
LLP, Partnership firm, AOP etc who have filed ITR 5 for AY 2023-24 are receiving 143(1)(a) notice for 80P adjustment
CPC has provided 15 day's time limit to respond to such notice. Since this is a system error of CPC ...
Late fees will be charged if Income Tax return is verified after 30 days from date of filing Income Tax return
However, if the return is filed after the due date i.e. after 30 days of filing the date of filing ...
Non-residents investing in shares and securities in India have to compulsorily file income tax return
Hence, if a non-resident earns any income from equity share trading during the year he will have to file income ...
SOP for making application for recomputation of total income of a co-operative society engaged in the business of manufacture of sugar
The Jurisdictional Assessing Officer shall recompute the total income of such co-operative society under the provisions of sub-section (19) of ...
CBDT notifies Rule for determination of value of perquisite of residential accommodation provided by employer
The categorisation and the limits of cities and population have now been based on the 2011 census as against the ...
Now option to modify Income Tax Challan is available on e-filing website
As seen in the above image there are three options available for correction in Income Tax Challan: Change in Assessment ...
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 ...
Defective Notice received u/s 139(9) of the Income Tax Act after filing return of income? What to do?
If no action is taken within the due time i.e. 15 days against such defective notice then it will be ...
Notices u/s 119(2)(b) being issued to companies for AY 2020-21. But Why?
In relation to the above delay in filing Form 10-IC, many companies had filed Form 10-IC under condonation and has ...
No TDS u/s 194-I for lease rent of ship to IFSC unit [Read notification]
The lessee shall,- (i) not deduct tax on payment made or credited to lessor after the date of receipt of ...
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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
- 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?
- Statutory Audit of Cash and Cash Equivalents in Indian Companies [Company Law]
- Statutory Audit of Trade Receivables in Indian Companies [Company law]
- Statutory Compliance Calendar for February 2025 | Income tax, GST and various other laws
- Budget 2025 updates | Income tax and GST updates
- Assessee receiving message for 80GGC donation for AY 2022-23 from Income tax department
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