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 ...
Wednesday, February 5, 2025
TAXATION ON BUY BACK OF SHARES: LISTED SECURITIES/ UNLISTED SECURITIES:
Section 115QA was inserted by Finance Act 2013 to deal with buy back of securities but it only covered unlisted ...
CBIC waives requirement to furnish Form ITC -04 from July 2017 to March 2018 and F.Y. 2018-19
CBIC in its recent notification no. 38/2019 under CGST notification waived the requirement to file ITC - 04 for FY ...
CBDT clarification on application of TDS u/s 194N of the income tax act and this section won’t be applicable on Foreign exchange dealers. (i.e. TDS on cash withdrawal from bank)
Update: On October 15, 2019 the following clarification was provided by CBDT: Using the power provided in clause (v) of ...
TDS Rate Chart for FY 2019-20
With Budget 2019 only two major amendments were made with regard to TDS: Under section 194A the limit for TDS ...
Compulsory GST registration for inter-state supply
Goods and Services Tax (GST) is an indirect tax (or consumption tax) used in India on the supply of goods and services. It is a comprehensive, multistage, ...
Who can File ITR 1 and ITR 4?
Let’s discuss who can file ITR 1 and 4 and who cannot. Before starting with the details one must also ...
Tax on winning prize money on KBC, Dream 11 and other such game shows:
When you see people winning 3,20,000 on KBC or when you win big on Dream 11 you might be having ...
Last minute FAQ with regard to filing of your Income tax Return.
FAQ you must read before filing your return of income and providing some information: First let's talk about the questions ...
Income tax slab rate for F.Y. 2019-20 i.e. A.Y. 2020-21 is as follows:
Income Tax Slab Rate for resident Individual (i.e. men/women) below 60 Years of Age: Income Tax Slab Income Tax Slab ...
CBDT simplifies the process of assessment in respect of Startups:
As announced by the Finance Minister Nirmala Sitharaman in her budget speech on 5th July 2019, that Startup’s will get ...
Section wise Highlights of Budget I & II 2019:
Under section 10(12A), the limit for tax free withdrawal for National Pension scheme has been increased from 40% to 60% ...
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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
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- Budget 2025 updates | Income tax and GST updates
- Assessee receiving message for 80GGC donation for AY 2022-23 from Income tax department
- Statutory Audit of Inventories for Indian Companies [Company Law]
- Guidance note 2 issued for Vivad se vishwas Scheme, 2024 [Read circular]
- Due date extended for filing belated, revised return and Vivad se vishwas declaration
- Statutory Audit of Current Investments in Indian Companies [Company Law]
- Recommendations of the 55th Meeting of the GST Council
- Statutory Compliance Calendar for December 2024 | Income tax, GST and various other laws
- Statutory Audit of Other Non-Current Assets [Company Law]
- Extension of due date for furnishing return of income from 30.11.2024 to 15.12.2024
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