News
ITR 6 modified just before return filing due date.
The due date for filing return of income is 30th September and CBDT has released new schema for companies in...
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Section 115BAA – 22% Tax on non-manufacturing Companies (Better than normal 25% tax rate)
On Friday, 20th September, 2019 everyone was ready for some announcement regarding discontinuance of GSTR 9 etc from our Finance...
Read moreTax rate of domestic companies slashed/ reduced to 15% and 22% – What’s the truth? – A Summary
On Friday, 20th September, 2019 everyone was ready for some announcement regarding discontinuance of GSTR 9 etc from our Finance...
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ICAI provides one time relaxation – Now UDIN can be generated within 30 days instead of 15 days.
In response to the various representations received from Members at large for inability in generating UDIN due to floods in...
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Know all About Rebate u. s. 87A of the Income Tax Act for FY 2018-19 and FY 2019-20
The basic meaning of rebate u/s 87A is that if your income is below a certain limit as mentioned in...
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Additional 1.5 lakh deduction on re-paying your Home Loan interest but are you eligible for it?? – Section 80EEA
Finance Minister Nirmala Sitharaman unveiled a budget on 5th July 2019, the first since the Bharatiya Janata Party led by...
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Faceless scrutiny under Income Tax: You won’t know who is your Assessing your scrutiny case
We have been hearing about Faceless scrutiny for many years now and we have also read about it but never...
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Can you claim maintenance charges, rent of furniture or any other expense against Income from House property?
Earning income by Renting out the property is a major source of income for many individuals in India and many...
Read moreGuidelines for manual selection of returns for Complete Scrutiny during the financial-year 2019-20-
The parameters for manual selection of returns for Complete Scrutiny during financial year 2019- 20 are as under.- (i) Cases involving...
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How to calculate turnover in case of intra day and future and option trading for Income Tax purpose?
In the recent times many people have started trading in intra day and future & options and the volume of...
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No Income Tax for income upto Rs. 5 lakh for F.Y. 2019-20?
After the budget announcement was made by Shri Piyush Goyal on 1st February 2019, many people were confused that do...
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GST registration for Freelancers in India.
GST Registration for freelancers in India: Before starting with the tax filing let's first understand who is a freelancer, and...
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Rate of Depreciation as per Income Tax Act:
Depreciation rate used for section 32 of the Income Tax act is as follows: Depreciation in Income tax is to...
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Document Identification Number (DIN) now compulsory from 01.10.2019 on each communication by Income Tax Department
Before 4-5 years people used to receive notices from Income Tax Department via and post and from past 4-5 years...
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CBDT amends rule 114 and issues clarification on interchangeability of Aadhar card and PAN card:
In the budget Speech it was announced by our Finance minister that now people can quote their Aadhar number in...
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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 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
- Statutory Audit of Property, Plant, and Equipment (PPE) in Indian Companies [Company law]
- Non-applicability of higher rate of TDS/TCS in the event of death of a person before linkage of PAN and Aadhaar
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