Section 206AB and 206CCA of Income Tax Act, 1961
Section 206AB and 206CCA are inserted by Finance Act, 2021. These sections are special provision for deduction/collection of tax at source at...
Income Tax
TDS on Cash Withdrawal: Section 194N
As per section 194N, all the Banks to which Banking Regulation Act applies including a Co-operative Society and a post...
TDS due date extend till 15-07-2021, Form No. 10A/ Form No.10AB till 31-08-2021: Press Release
Government grants further extension in timelines of compliances Also announces tax exemption for expenditure on COVID-19 treatment and ex-gratia received...
Further extension of timelines of compliances under Income Tax Act (25-06-2021)
Government grants further extension in timelines of compliances Also announces tax exemption for expenditure on COVID-19 treatment and ex-gratia received...
Due date for filing of Form 61A (SFT) for FY 2020-21 is 30th June, 2021
As per Section 285BA of the Income Tax Act, read with rule 114E of Income Tax Rules 1962, specified reporting...
Form 10AB | Final Registration Under Section 80G of Income Tax Act for NGO
Dear friends, as we all know from 01.04.2021, there has been drastic change made in registration process of NGO, which...
Section 2(15) of Income Tax Act, 1961: Medical relief a charitable purpose
As per Section 2(15), of the Income Tax Act 1961 ‘charitable purpose’ include relief of the poor, education, yoga, medical...
Clarification for use of functionality under section 206AB and 206CCA of the Income-tax Act, 1961
https://youtu.be/ZCHuux-oSGM Clarification for use of functionality under section 206AB and 206CCA of the Income-tax Act, 1961 Posted On: 22 JUN...
Section 6 of Income Tax Act, 1961
Section 6 of Income Tax Act, 1961 contains provision relating to Residence in India. The taxability of an assessee is dependent on...
Income Tax Rule 115 – Income Received in Foreign Currency
Extract of Rule 115 of Income Tax Rules, 1962: Rule 115: The rate of exchange for the calculation of the...