[Breaking News] India will now charge tax on Digital asset including cryptocurrency, NFT etc at 30%: Section 115BBH
As per the above provision below are bullet points for taxation of digital asset: Income from Digital asset shall be ...
Thursday, February 6, 2025
Tag: Income tax updates
[Live] Updates and Tax changes for Budget 2022 | Tax on cryptocurrency | Income tax and GST udpates in Budget 2022 [Download Bill]
India's Digital currency: RBI to bring Digital Rupee from 2022 and bring India's own digital currency which will be regulated ...
Union Budget 2022-23 to be presented on 1st February, 2022 in Paperless form
To mark the final stage of Union Budget making process, sweets provided to core staff due for “lock-in” at their ...
Form 10-IC not filed in AY 2020-21 before filing of Income tax return by companies and demand raised in intimation order
Further, it has been seen that in case where companies had opted for lower tax rate under section 115BAA, then ...
FAQ on various Statutory Forms & other Forms released by Income tax e-filing website
In this post we shall discuss about some FAQ in relation to various audit and other forms which one needs ...
AVAILABILITY OF AUDIT REPORTS AND PROCESS FLOW OF FILING AUDIT REPORT ON e-FILING 2.0
In this post we shall discuss about the flow of process to file various forms on the new e-filing portal ...
Who is considered as Non-resident in India as per Indian Income tax law? | Non-resident as per Income tax
Let's start with a note that being a citizen of a country and being a tax resident are two different ...
Guidelines under clause (10D) section 10 of the Income-tax Act, 1961 for calculating taxability of ULIP investment with illustration [Read circular]
The Finance Act, 2021 amended clause (10D) of section 10 of the Act by inserting fourth to seventh provisos. Fourth ...
Income Tax Department conducts search and seizure operations in Haryana
The Income Tax Department had conducted a search and seizure operations on a diversified business group engaged in the manufacturing ...
Clarification in filing Form 10CCB issued by Income tax E-filing portal
The report of the audit of the accounts of an assessee, which is required to be furnished under sub-section (7) ...
New Tax audit report utility released by Income Tax department on 11.01.2022 | Due date of tax audit report 15.01.2022
However, now Income tax department has updated the utility on 11.01.2022 i.e. just few days before the due date and ...
Who needs to get their Books of accounts audited under Income Tax Act | Tax audit under Income tax
Section 44AB of the Income tax act deals with the provision related to Tax audit. There are in all 5 ...
Representation for extension of Income Tax audit due date by Member of Parliament to Finance Minister
In the Representation made the following points have been raised: Changes in schema of Tax audit report thrice because of ...
Form No. 56FF announced to claim deduction under section 10A(1B)(b) with retrospective effect from 29.07.2021
16DD. Form of particulars to be furnished along with return of income for claiming deduction under clause (b) of sub-section ...
Can you file Income tax return for FY 2020-21 after 31.12.2021 | Late fees and other consequences for filing Income tax return after 31.12.2021
1. Can you still file Income tax return for FY 2020-21 after 31.12.2021? Ans: Yes you can still file your ...
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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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