Agricultural Income – Overview & Taxability
Meaning of Agricultural Income The Income-tax Act has its own definition of agricultural income which constitutes the following 3 main activities: 1. Rent or revenue...
Income Tax
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How to fill form 26QB:TDS on sale of property
I. Steps to fill form 26QB : Log on to TIN NSDL website ( www.tin-nsdl.com ). Under ‘TDS on sale of property’, click on “Online form for...
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Section 269SU: Banks to Refund charges received on or after 01.01.2020
Circular No.16/2020 F .No .370142/35/2019-TPL-Pt Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes **** Dated: 30th August, 2020 Subject:...
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Transparent Taxation – Honouring the Honest
Prime Minister’s Office Prime Minister Narendra Modi launches platform for “Transparent Taxation – Honouring the Honest” Tax system aims to be Seamless, Painless, Faceless :...
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Text of PM’s address at the Launch of ‘Transparent Taxation- Honoring the Honest’
Prime Minister’s Office Text of PM’s address at the launch of ‘Transparent Taxation- Honoring the Honest’ Posted On: 13 AUG 2020 12:38 PM by PIB...
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Income Tax Department searched premises of Chinese entities
Ministry of Finance Income Tax Department conducts search on premises of Chinese entities Posted On: 11 AUG 2020 Based on the credible information that few...
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Memorandum of Understanding(MoU) between CBDT and MoMSME
Government of India Department of Revenue Ministry of Finance Central Board of Direct Taxes New Delhi, 20th July, 2020 PRESS RELEASE Memorandum of Understanding(MoU) between...
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Foreign Company: Meaning & Income Tax Rate
FOREIGN COMPANY: In this article we discuss about the meaning of the Foreign Company and what Income Tax Rate applicable on Foreign Company. Meaning As...
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Section 12AB of Income Tax Act, 1961- Provisions & registration procedure
Is registration of a trust mandatory? It is mandatory for a trust to get the registration under section 12AB of the Income tax Act, 1961...
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Which ITR Form is to be used for Trust: ITR-7 or ITR-5
Is it mandatory for a trust to file return of income? It is mandatory for a trust referred to in Sections 139(4A), 139(4C), 139(4D) and 139(4E) to file the return of...