Tag: taxontips

The gross GST revenue collected in the month of August, 2023 is ₹1,59,069 crore of which CGST is ₹28,328 crore, SGST is ₹35,794 crore, ...

However, the accumulation/deemed application shall not be denied to a trust as long as the statement of accumulation/deemed application is ...

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 ...

CPC has provided 15 day's time limit to respond to such notice. Since this is a system error of CPC ...

However, if the return is filed after the due date i.e. after 30 days of filing the date of filing ...

Hence, to file Form 10 till 31.08.2023 the trust has to finalize it's books of accounts also till 31.08.2023 and ...

Accordingly, the maximum amount not chargeable to tax for the purpose of Section 12A(1)(b) would now be Rs. 1 as ...

The new functionalities, allow users to compare different Acts, Sections, Rules, and Tax treaties. All relevant content on the site ...

This scheme will initially be launched as a pilot in the States of Assam, Gujarat & Haryana and UTs of Puducherry, ...

Hence, if a non-resident earns any income from equity share trading during the year he will have to file income ...

The Jurisdictional Assessing Officer shall recompute the total income of such co-operative society under the provisions of sub-section (19) of ...

The categorisation and the limits of cities and population have now been based on the 2011 census as against the ...

This portal has been developed by RBI for use by members of public to facilitate and make it easier for ...

As seen in the above image there are three options available for correction in Income Tax Challan: Change in Assessment ...

However, in our opinion insurance policies are long term investments for a person and not giving the benefit of indexation ...