Consequences of Accepting cash while selling a Immovable property, land or house | 100% Penalty
However, is it correct that one could accept consideration in cash while selling house or land and there are no ...
Friday, February 3, 2023
Tag: Income tax
Income transferred to another person without transfer of asset – Clubbing of income under Income tax
By virtue of section 60, it can be said that in the above case since the income is transferred by ...
How to make tax payment? Not able to see ICICI and other banks on e-filing website? Read this to know
The income tax department has moved ICICI, Axis bank and other banks to e-filing website for making payment and hence ...
Condonation of delay under section 119(2)(b) of the Income-tax Act, 1961 in filing of Form No.10A till 25.11.2022
Representations have been received by the Board stating that Form No. 10A in some of such cases could not be ...
FAQ’s for filing of Form 3CEB released by CBDT
The report from an accountant required to be furnished under section 92E by every person who has entered into an ...
How to make correction in Income Tax Challan paid?
For rectifications in challans paid through online mode (internet challan), taxpayer may contact their concerned Assessing Officer (AO) of the ...
What to do once your Income Tax return is processed by Income tax department? | All about Intimation order u/s 143(1)
Now let us discuss about the intimation order u/s 143(1) of the Income Tax Act, wherein an intimation order is ...
Gross Direct Tax collections for the Financial Year (FY) 2022-23 register a growth of 30%
he figures of Direct Tax collections for the FY 2022-23, as on 17.09.2022 show that net collections are at Rs. 7,00,669 crore, compared ...
RRR number or Token number of TDS return filed not available if TDS return filed on e-filing portal
On successful filing the TDS return an RRR number would be generated on e-filing portal which the tax deductor has ...
When are shares or mutual funds or AIF considered as short term or long term for Income Tax purpose | Period of holding for shares and securities
In this post we shall try to discuss the aspect of period of holding under Income Tax Act to bifurcate ...
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, ...
CBDT extends last date for filing of Form No.10AB till 30.09.2022
The application for registration or approval under Section 10(23C), 12A or 80G of the Act in Form No.10AB, for which ...
Income tax department sends message that some high value transaction does not appear in Income Tax return. What to do?
Income Tax Department has identified certain high value information which does not appear to be in line with the Income ...
How to plan, save and reduce capital gain tax from share market before the end of financial year i.e. before 31st March
Thus, this is how losses save you taxes and one should plan his portfolio accordingly and check it 1-2 days ...
Manual filing of application allowed in Form No.3CF for seeking approval under section 35(1 )(ii)/(iia)/(iii) of the Income-tax Act,1961
(i) Applicants seeking approval under section 35(1 )(ii)/(iia)/(iii) of the Act may file the application in Form No.3CF physically during ...
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- Important Direct Tax Amendments in Budget 2023 for individual and business owners
- [Live] Updates and Tax changes for Budget 2023 | Tax on cryptocurrency | Income tax and GST udpates in Budget 2023 [Download Bill]
- 2nd highest Gross GST collection in January 2023, breaching earlier 2nd highest record in the Month of October 2022
- CBDT instructs Income tax officer to complete 148/ 147 assessment before 31.05.2023
- Final stage of Union Budget 2023-24 commences with Halwa Ceremony
- Clarification on entitlement of ITC where place of supply is determined in terms of proviso to sub-section (8) of section 12 of the IGST Act
- Consequences of Accepting cash while selling a Immovable property, land or house | 100% Penalty
- How many articles can a Chartered Accountant register for articleship?
- Advisory on facility of ‘Initiating Drop Proceedings’ of Suspended GSTINs due to Non-filing of Returns – Update
- ICAI has launched free task management or practice management software for members in Practice
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