Consequences of Accepting cash while selling a Immovable property, land or house | 100% Penalty
However, is it correct that one could accept consideration in cash while selling house or land and there are no ...
Thursday, December 26, 2024
Tag: Income tax notice
Income tax Non-filers are receiving notice from Income Tax department for filing income tax return
Based on available information with Income Tax department, it appears that you were required to file ITR for A.Y. 2022-23 ...
Taxpayers receiving notice from Income tax department for high value information not appearing in Income tax return
Income Tax Department has identified certain high value information which does not appear to be in line with the Income ...
Submit response to confirm/ revise the refund claim – Why are you getting this mail and how to get refund
Your income-tax return has been identified under risk management process of the Income-Tax Department. In this context, your confirmation is ...
Remuneration from Partnership firm cannot be considered as gross receipt/ turnover for section 44AB | Bombay High court | Case law
The court concluded that the Revenue was right in its contention that remuneration and interest from the partnership firm cannot ...
Income tax department sends message that some high value transaction does not appear in Income Tax return. What to do?
Income Tax Department has identified certain high value information which does not appear to be in line with the Income ...
Assessment/ Scrutiny cases due for completion on 31.03.2022 transferred to jurisdictional AO from Faceless system
CBDT has vide internal circular and by way of order under section 114B and 119 of the Income Tax Act ...
People receiving messages from Income tax department about some significant financial transaction being reported? What is it?
Attention XXXXX (PAN XXXXX0000X ) Income Tax Department has received information about certain significant financial transactions relating to FY 2021-22 ...
CBDT introduces a scheme for faceless collection of information under section 135A of the I.T. Act in relation to section 133, 133B, 133C, 134, 135
(1) The scope of the Scheme shall be in respect of: (i) calling for information under section 133 of the ...
Landmark Judgement: Allahabad High Court quashed notices issued under section 148 in old laws after 31.03.2021 | Income tax case law
The above judgement has been passed in case of Ashok Kumar Agarwal vs. Union of India through its Revenue Secretary ...
CBDT eases authentication of electronic records by EVC or digital signature, submitted in faceless assessment proceedings
Hence, the persons who are mandatorily required to authenticate electronic records by digital signature shall be deemed to have authenticated ...
Income tax department raising demand for late fees in intimation u/s 143(1) in case of revised return filed for AY 2021-22
People have been receiving intimation/ income tax notice under section 143(1) stating that there is a demand of Rs. 10,000 ...
Rajasthan High court puts stay on Income tax reassessment proceedings under section 148 which were started in old provisions
Looking at the law it could be said that in the current scenario the proceedings would be dropped which have ...
Scrutiny Notice issued u/s 148 of the Income tax Act for AY 2013-14 to AY 2017-18 after 01.04.2021 stayed by High court
Section 148 of the Income tax Act deals with issuing notice to the assessee in the case where income has ...
Guidelines for compulsory selection of returns for Complete Scrutiny during the Financial Year 2021-22 | Income tax
As per the amendments brought vide Finance Act, 2021, the time limit for service of notice u/s 143(2) of the ...
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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
- 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
- PAN 2.0: A Digital Leap in Taxpayer Services
- Statutory Audit of Long-Term Loans and Advances [Company law]
- Condonation of delay for Form 9A/10/10B/10BB for AY 2018-19 and subsequent years
- Statutory Audit of Non-Current Investments in Indian Companies [Company Law]
- Statutory Audit of Intangible Assets Under Development in Indian Companies [Company Law]
- FAQ issued by CBDT on Vivad se Vishwas Scheme, 2024 [Read circular]
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