Tag: Income tax updates

Section 194S: Payment on transfer of virtual digital asset: Any person responsible for paying to any resident any sum by ...

We have already discussed about the various ITR which are already available to us i.e. ITR 1 to 4. In ...

Income Tax return for FY 2021-22 were announced, however till date only ITR 1, 2 and 4 were available for ...

It is not necessary for the payer/deductor to check the taxability of the sum in the hands of the payee ...

Cost inflation index has been announced for F.Y. 2022-23 at 331 and for previous FY 2021-22 it was 317.

As per CBDT circular F.No. 370142/14/22-TPL dated on 30th March 2022, every person who has been allotted a PAN as ...

CBDT has vide circular no. 11 of 2022 Dt. 03.06.2022 clarified about the applicability of conditions for rejecting registration to ...

Statutory Compliance Chart for the Month of June 2022 : Below mentioned are some important due dates under Income tax, GST, company ...

In this post we shall try to discuss the aspect of period of holding under Income Tax Act to bifurcate ...

There are various instances under Income Tax Act wherein also Foreign nationals are required to get PAN in India. To ...

As mentioned above due date for both the above things is 31.05.2022. So any delay in filing Form 10BD or ...

This Return Form is to be used by an individual or a Hindu Undivided Family (HUF) who is not eligible ...

It may be again highlighted that this functionality has been developed to ease compliance for tax deductors/ collectors. Asking the ...

Various instances of invalidation of UDINs at the e-filing portal of Income Tax Department are being reported by Members. In ...

As per the amendments brought by Finance Act 2021, the time limit for service of notice u/s 143(2) of the ...