Penalty of Rs.10 lakh per year for not disclosing foreign asset under Schedule FA in ITR [Read order]
Hon'ble Mumbai ITAT has passed an order in case of Ms. Shobha Harish Thawani for AY 2016-17, 2017-18 and 2018-19...
Thursday, September 19, 2024
What is short stay exemption available under Indian Income Tax Act?
there are other conditions prescribed under section 10(6)(vi) which needs to be fulfilled to get the above exemptions by foreign...
What is discard return? How to discard Income tax return? FAQ on discard return
As of now there is no clarity as to why discard return option is better than filing a revised return,...
Inoperative PAN resulting in TDS notice to deduct TDS at the rate of 20%. Here’s why?
As per the above points it was mentioned that TDS/ TCS needs to be deducted/ collected at higher rates. This...
Comparison between Section 115BAC before and after AY 2024-25
Section 115BAC deals with lower/ concessional tax rates for individual, HUF etc. rather than the tax rates prescribed for individual...
Condonation of delay under section 119(2)(b) of the Income-tax Act, 1961 in filing of Form No. 10-IC for Assessment Year 2021-22
The delay in filing of Form No. 10-IC as per Rule 21AE of the Rules for previous year relevant to...
ITR V showing invalid due to non-verification for income tax return filed by audited entities [AY 2023-24]
However, when the assessee were trying to download ITR V later it was showing a watermark on the verification form...
Extension of due date for filing Form 56F for AY 2023-24 till 31.12.2023
hereby extends the due date of filing of report of the accountant as required to be filed under clause (8)...
CBDT has issued clarification with regard to Form 10B and Form 10BB [Read circular]
CBDT has vide Circular No. 17/2023 Dt. 09.10.2023 provided clarification in relation to data which needs to be feeded in...
Now Non-residents can get Form 10F online on e-filing portal without having PAN
Non-resident can register using the option of "Others" while registering and choose the option of "Non-Residents not holding and not...
Is penalty for delay in filing Tax audit report compulsory? | 1.5 lakh penalty for delay in filing Tax Audit report
The amount prescribed for delay in filing Tax audit report is mentioned under Section 271B of the Income Tax Act...
CBDT notifies changes to Rule 11UA in respect of ANGEL TAX
Taking into consideration the suggestions received in this regard and detailed interactions held with stakeholders, Rule 11UA for valuation of...
Extension of time limit for Tax audit of trust and file Form 10B and Form 10BB and ITR 7
Due date for Form 10B and Form 10BB has been extended to 31st October 2023 from 30th September 2023. Further,...
Turnover limit for Tax audit is Rs. 1 crore or Rs. 10 crore under section 44AB of the Act
If both the conditions are fulfilled then the assessee won't be required to conduct tax audit even if turnover exceeds...
Digital Signature Certificate (DSC) related issues and solutions on Income tax E-filing portal
Taxpayers are advised to check DSC for its expiry date, registration on e-Filing portal & installation of latest emBridge application...
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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
- CBIC extends export-related benefits for exports made through courier mode
- Recommendations during 54th meeting of the GST Council [Read press release]
- Statutory Audit of Capital Work-in-Progress (CWIP) in Indian Companies [Company law]
- Statutory Compliance Calendar for September 2024 | Income tax, GST and various other laws
- Introduction of RCM Liability/ITC Statement
- Advisory for furnishing bank account details before filing GSTR-1/IFF Notification No. 38/2023 – Central
- FAQ released by Income tax department regarding comparison of ITR and tax audit
- CBDT issues clarification in respect of Income-tax clearance certificate (ITCC)
- Statutory Audit of Intangible Assets in Indian Companies [Company Law]
- FAQ on income tax return released by income tax return for defective return – AY 2024-25
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