Tag: Income tax updates

Below mentioned are some important due dates under Income tax, GST, company law etc. for the month of September 2024.

Below is a table where, Income tax department has released a list of FAQ discussing various situations where an Income ...

In view thereof, it is reiterated that the ITCC under Section 230(1A) of the Act, is needed by residents domiciled ...

Below is a table where, Income tax department has released a list of FAQ discussing various situations where an Income ...

Although in the circular they have mentioned that higher TDS shall not be charged, however no resolution has been provided ...

Below mentioned are some important due dates under Income tax, GST, company law etc. for the month of August 2024.

wherein as per the proposed amendment the long term immovable property owner will have the option to determine tax at ...

Below are the FAQ's issued by Income tax department in relation to the change in Capital gain provisions under the ...

However, while processing the return the Income tax department is showing such return as defective return under section 139(9) of ...

Tax rates on capital gain increased: STCG rates on certain assets will be made 20%. LTCG rates on certain assets ...

The issue has been arisen because of the proviso added by Finance Act, 2023 which states that wherein total income ...

If the employee don't disclose such asset in their schedule FA it could lead to a penalty of Rs.10 lakh ...

Further, the income tax department while conducting scrutiny or assessment for cases only considers sale consideration as income of the ...

Below mentioned are some important due dates under Income tax, GST, company law etc. for the month of June 2024.

Cost inflation index (CII) is used in Income Tax to give inflation effect to cost for long term capital asset ...