TCS on Sale of Goods
Section 206C of the Income Tax Act, 1961 (Act) deals with the collection of tax at source (TCS) on various...
Income Tax
Section 194O TDS on Payment by e-commerce operator to e-commerce participant
TDS on Payment of certain sums by e-commerce operator to e-commerce participant {Section 194-O of Income Tax Act, 1961} Section...
Due Date to File ITR for FY 2018-19 AY 2019-20 Extended to 30 November 2020
Due Date to File ITR for FY 2018-19 AY 2019-20 Extended to 30 November 2020 Considering the genuine difficulties being...
No requirement of scrip wise reporting for day trading and short-term sale or purchase of listed shares
Ministry of Finance No requirement of scrip wise reporting for day trading and short-term sale or purchase of listed shares...
Tax clearance certificate: Section 230 of Income Tax Act
(Tax clearance certificate) Section 230 of the Income Tax Act 1961 Section 230 (1): Subject to such exceptions as the...
Final Opportunity – One-time relaxation for Verification of Income-tax Returns by EVC/ITR-V
Final Opportunity - One-time relaxation for Verification of Income-tax Returns by EVC/ITR-V for Assessment Years 2015-16, 2016-17, 2017-18, 2018-19 and...
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...
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',...
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 ****...
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...