Capital gain on debt mutual fund or MLD will be always short-term capital gain from AY 2024-25
According to the provision of Act and debt oriented mutual fund purchased after 01.04.2023 or market linked debentures will always ...
Monday, December 23, 2024
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Interest free or lower interest loan given by Employer to employee will be considered as perquisite [Read order]
The benefit enjoyed by bank employees from interest-free loans or loans at a concessional rate is a unique benefit/advantage enjoyed ...
Do you have to file income tax return if you are earning income through affiliate marketing or referral business
When one shows this income as business income they cannot offer this income under 44AD, as 44AD does not allow ...
CBDT releases new functionality in AIS for taxpayers to check the status of feedback in realtime
This new functionality is expected to increase transparency by displaying such information in AIS to the taxpayer. This is another ...
How to check whether an individual is a resident or non-resident in India as per Income tax act?
Section 6 deals with deciding on the residency of a person under Income tax act. In this article we shall ...
Statutory Compliance Calendar for May 2024 | Income tax, GST and various other laws
Below mentioned are some important due dates under Income tax, GST, company law etc. for the month of May 2024.
No income tax upto 750000 or more under New Tax regime from AY 2024-25 onwards [Rebate u/s 87A]
Thus, a person could earn around 770000 under new tax regime and could end up paying only Rs.20800 in tax ...
Applicants of MEF 2023-24- Additional information Form
Last date for submission of the additional information is 7th MAY, 2024.
GST revenue collection for April 2024 highest ever at Rs 2.10 lakh crore
The Gross Goods and Services Tax (GST) collections hit a record high in April 2024 at ₹2.10 lakh crore. This represents ...
Extension of due date for filing of Form No. 10A/10AB under the Income-tax Act till 30.06.2024
(ii) Form No. 10AB, in case of an application under clause (iii) of the first proviso to clause (23C) of ...
CBDT circular relaxing higher TDS due to non-linking of PAN and Aadhar [Read Circular]
Thus, considering the above grievance, CBDT has modified the above circular to provide relaxation and state that in case where ...
CBDT has issued circular regarding monetary limit for filing appeal before appellate authorities and courts [Read circular]
Thus, revenue cannot go into appeal before above mentioned authority if the tax effect in any appeal as mentioned above ...
Beware of income tax notice while filing return of income!! Check SFT details for credit card, FD details etc.
It is thus advisable to file Income tax return after all SFT details are available on e-filing portal that if ...
Housewife cannot be reassessed under Income tax for joint property held with husband [Read order]
Additionally, the court noted that the details regarding the source of funds should have been sought from the petitioner's husband ...
Notice received under section 148 of the Income tax act. What to do? Should you file Income tax return?
Once, notice is received u/s 148 of the Act, assessee needs to file Income tax return in response to such ...
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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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