CBDT issues circular with instructions/ FAQ on deduction of TDS on salary income under section 192 for FY 2021-22
CBDT has issued circular 04/2022 for FY 2021-22 on 15.03.2022 and in this circular, it has discussed various aspects of ...
Thursday, February 6, 2025
Tag: Income tax updates
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 ...
What is advance tax and who needs to pay it? Advance tax on income from stock market | 4th Installment due on 15th March
Each and every person whose tax liability during the year is above ₹ 10,000 (as per Section 208 of Income ...
Income Tax Department conducts searches in Mumbai
The evidences so seized strongly indicate a close nexus between these contractors and the said person. Particulars of about 3 ...
Income Tax Department conducts searches in a major Telecom Group
The ultimate shareholding of the group lies with a foreign entity of a neighbouring country. The searches, which were spread ...
Statutory Compliance Calendar for March 2022 | Income tax, GST and various other laws
Statutory Compliance Chart for the Month of March 2022 : Below mentioned are some important due dates under Income tax, GST, company law ...
Does partnership firm has to deduct any TDS on payment of interest or remuneration to partner who is non-resident?
In our opinion the above amount won't be considered as interest on money borrowed and hence could be liable for ...
Hon’ble Supreme Court issued notice in relation SLP filed against Allahabad High court judgement of quashing section 148 notice issued after 01.04.2021
Recently we have seen various High Court's passing judgement in favour of assessee in relation to notice being issued u/s ...
Division bench of Madras High Court Quashes notice issued u/s 148 after 01.04.2021
In view of the ratio propounded by the Allahabad and Delhi High Courts on the subject, the reassessment notices under ...
More than 6.2 crore Income Tax Returns(ITRs) and about 21 lakh major Tax Audit Reports(TARs) filed on the new e-Filing portal
Over 1.91 lakh Form 3CA-3CD and 17.26 lakh Form 3CB-3CD have been filed in FY 21-22. More than 1.84 lakh ...
How to calculate and pay additional Tax on updated return | Section 140B | Budget 2022
Finance bill, 2022 has introduced section 140B of the Income tax act wherein such person is required to pay additional ...
Now file updated Income tax return within 2 years from the end of relevant assessment year | Detailed Discussion | Budget 2022
Who can file the updated return? Anyone can file the updated return irrespective of whether the person has filed original ...
Around 6.17 crore (ITRs) and about 19 lakh (TARs) filed on new e-Filing portal of Income Tax Department
Out of 6.17 crore ITRs filed for AY 2021-22, 48% of these are ITR-1 (2.97 crore), 9% is ITR-2 (56 ...
Kolkata High court single bench judge quashes notice issued u/s 148 of the IT act issued after 01.04.2021
The below mentioned judgement was pronounced on 17.01.2022 in Kolkata High Court by Hon’ble Mr. Justice Md. Nizamuddin in case ...
Procedure for Re-filing of Form 15CA and 15CB on e-filing portal which were issued manually between 07.06.2021 to 15.08.2021
Therefore, CBDT has come up with an update wherein it was announced that till next announcement assessee and Chartered Accountants ...
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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
![[Live] Updates and Tax changes for Budget 2023 | Tax on cryptocurrency | Income tax and GST udpates in Budget 2023 [Download Bill]](https://www.taxontips.com/wp-content/uploads/2023/02/Budget-2023-120x86.webp)
- 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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