Income Tax News

Question 1: In the Form ITR-6, an unlisted company, other than a start-up, is required to furnish details of shareholding...

The due date for filing return of income is 30th September and CBDT has released new schema for companies in...

In response to the various representations received from Members at large for inability in generating UDIN due to floods in...

The basic meaning of rebate u/s 87A is that if your income is below a certain limit as mentioned in...

Finance Minister Nirmala Sitharaman unveiled a budget on 5th July 2019, the first since the Bharatiya Janata Party led by...

We have been hearing about Faceless scrutiny for many years now and we have also read about it but never...

Earning income by Renting out the property is a major source of income for many individuals in India and many...

The parameters for manual selection of returns for Complete Scrutiny during financial year 2019- 20 are as under.- (i) Cases involving...

In the recent times many people have started trading in intra day and future & options and the volume of...

After the budget announcement was made by Shri Piyush Goyal on 1st February 2019, many people were confused that do...

Depreciation rate used for section 32 of the Income Tax act is as follows: Depreciation in Income tax is to...

Before 4-5 years people used to receive notices from Income Tax Department via and post and from past 4-5 years...

In the budget Speech it was announced by our Finance minister that now people can quote their Aadhar number in...

Section 115QA was inserted by Finance Act 2013 to deal with buy back of securities but it only covered unlisted...

With Budget 2019 only two major amendments were made with regard to TDS: Under section 194A the limit for TDS...