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...
Articles
Section 2(15): Definition of Charitable Purpose
Trust formed for charitable or religious purposes which are not intended to do commercial activities are allowed various benefits under...
TDS rates under DTAA
*If the beneficial owner is a company (other than a partnership) which holds directly at least 10 per cent of...
ITR 1, 2, 3 & 4 for AY 2020-21 is now available for e-Filing
ITR 1, 2, 3 & 4 for AY 2020-21 is now available for e-Filing. Other ITRs will be available shortly
Due Date Chart of Income Tax Compliance
Due to COVID-19 pandemic and challenges faced by taxpayers, the Government has extended dates for direct taxes. Chart of Original Due dates...
New Form 26AS is the Faceless hand-holding of the Taxpayers
Government of India Department of Revenue Ministry of Finance Central Board of Direct Taxes New Delhi, 18th July, 2020 PRESS...
Rule 11UAD of Income Tax Rule 1962: Prescribed class of persons for the purpose of section 50CA
MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 30th June, 2020 G.S.R. 423(E).—In...
ITR (Income Tax Return Forms) 1 to 7 for AY 2020-21-Notified
CBDT notifies Form ―Sahaj (ITR-1), Form ITR-2, Form ITR-3, Form Sugam (ITR-4), Form ITR-5, Form ITR-6, Form ITR-7 and Form...
Whether Section 269SU is applicable to B2B Transactions ?
Section 269SU: Acceptance of payment through prescribed electronic modes Every person, carrying on business, shall provide facility for accepting payment...
Section 269SU & Section 271DB applicability
Section 269SU of the Income Tax Act 1961 Section 269SU is applicable to every person who carrying on the business...