SFT – Form 61A Filing – Due date 31st May 2021
Section 285BA of Income Tax Act, 1961 deals with Obligation to furnish statement of financial transaction or report able account...
Income Tax
Clarification in respect of residency u/s 6 of the Income-tax Act, 1961
CBDT issues Circular No. 11 of 2020 and excluded period of forced stay in India from 22nd March, 2020 to...
Deferment of new procedure for approval/registration u/s 10(23C),12AA, 35 & 80G
Deferment of New procedure which was decided in Finance Act 2020, for approval/registration/notification of certain entities u/s 10(23C),12AA, 35 &...
Amendment in Rule 44G & Form 34F -Application to give effect to DTAA
MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 6th May, 2020 INCOME-TAX G.S.R....
E-way bills validity extend till 31.05.2020
The CBIC extends validity of e-way bills till 31.05.2020 for all those e-way bills which were generated on or before...
What is ‘Charitable Purpose’ for Income Tax Purposes ? [ Sec. 2(15)]
As per Section 2(15) of the Income Tax Act 1961 "Charitable purpose" includes relief of the poor, education, yoga, medical...
Clause 30C and clause 44 of the Tax Audit Report shall be kept in extend till 31st March, 2021
CBDT issued an Order under section 119 of Income Tax Act, 1961 vide a Circular No. 10/2020 dated 24.04.2020 regarding...
Clarification in respect of option under section 115BAC
Clarification in respect of option under section 115BAC of the Income-tax Act, 1961 Section 115BAC of the Income-tax Act, 1961...
Section 271K-Penalty on charitable institution
A new section 271K insert by the finance bill 2020 which impose the penalty on charitable institution. Summary of section...
Section 271AAD: Penalty for False entries Or Omitted entries
A new section 271AAD insert by the finance bill 2020 which impose the penalty for false entry, etc. in books...