Important outcomes from Press Conference dated 24th March 2020
Important outcomes from Press Conference dated 24th March 2020 which is as under. GST/Indirect Tax: Last date for filling GSTR-3B...
Income Tax
Section 194-K (TDS on Income From Mutual Fund)
A new section 194-K was inserted in the Finance Bill 2020 which is as under: - Section: -194-K (TDS on...
Amendment in Audit Threshold Limit u/s 44AB of Income Tax Act
Audit of accounts of certain persons carrying on business or profession -New Proviso has been inserted in sub-clause (a) of...
Due Date of Filling of ITR is Extend From 30th September to 31st October
Recently CBDT made the amendments in the Income Tax Act through finance bill 2020. The due date of filling of...
Section 140 (Return by whom to be verified)
CBDT made the following amendments in section 140 of the Income Tax Act in the finance bill 2020. Section 140...
TDS on E-commerce transaction u/s 194-O
Section: -194-O (TDS on certain sums by e-commerce operator to e-commerce participants) Analysis:- Deductor/ Payer: - E-commerce operator e.g. Amazon,...
Taxability of Dividend Income from Domestic companies as per Finance Bill 2020
In Finance Bill, 2020 (Bill), one of the biggest move of the government was the abolishment of the Dividend distribution...
New Tax Rate For A.Y. 2021-22
New section 115BAC has been introduced in the Act which has provided an option to Individual/HUF to opt for the...
Intimation u/s 143(1) of Income Tax Act 1961-Income Tax Update
Income Tax Update Intimation Order - 143(1) download facility introduced: Income tax Department (ITD) has given the option to Download...