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Advance Tax

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Advance tax e-campaign based on significant transactions

Income Tax : Explore an e-campaign by the Income Tax Department on significant transactions and advance tax payments. Learn about advance tax, ...

March 14, 2024 828 Views 0 comment Print

Tax Compliances/Task to do on or before 31st March 2024

Goods and Services Tax : Learn about crucial tax compliances to complete before 31st March 2024 to avoid future complications. From advance tax payments to...

March 12, 2024 2658 Views 0 comment Print

Advance Tax Made Simple: A Guide for Income Taxpayers

Income Tax : Learn about Advance Tax, a 'pay as you earn' system in India. Find out who needs to pay, calculation methods, due dates, and FAQs ...

March 7, 2024 3435 Views 0 comment Print

Income Tax Act, 1961: Sections 207-219 – Advance Tax Provisions & Analysis

Income Tax : Explore Sections 207 to 219 of the Income Tax Act, 1961, covering Advance Tax provisions, due dates, and in-depth analysis. Unders...

February 1, 2024 3402 Views 0 comment Print

Inform your current employer about the previous employment and salary

Income Tax : Learn why disclosing previous salary is crucial for accurate tax planning. Explore advance tax intricacies, due dates, and interes...

January 9, 2024 1692 Views 0 comment Print


Latest News


Income Tax Dept admits Inconsistencies in Securities Market Data (SFT-17)

Income Tax : Income Tax Department has identified certain inconsistencies in the Statement of Financial Transactions (SFT-17) data related to s...

March 12, 2024 543 Views 0 comment Print

Ministry of Finance Launches e-Campaign for Advance Tax Compliance

Income Tax : The Income Tax Department, under the Ministry of Finance, is set to initiate an e-campaign aimed at enhancing taxpayer compliance ...

March 10, 2024 612 Views 0 comment Print

Net Direct Tax collections for F.Y. 2021-22 grown by more than 60%

Income Tax : Advance Tax collections for the F.Y. 2021-22 (Till 3rd Installment) stand at Rs. 4,59,917.10 crore as on 16.12.2021 which shows a ...

December 18, 2021 1068 Views 0 comment Print

​​​​​​​Provisional Direct Tax collections for FY 2020-21 shows growth of almost 5%

Income Tax : Net Direct Tax collections represent 104.46% of the Revised Estimates of Rs. 9.05 lakh crore of Direct Taxes for the F.Y. 2020-21....

April 9, 2021 780 Views 0 comment Print


Latest Judiciary


Tax Compliances/Task to do on or before 31st March 2024

Goods and Services Tax : Learn about crucial tax compliances to complete before 31st March 2024 to avoid future complications. From advance tax payments to...

March 12, 2024 2658 Views 0 comment Print

AO Must allow Advance Tax credit Despite Assessee Error: ITAT Mumbai

Income Tax : Analysis of the ITAT Mumbai ruling in the case of Damco India Pvt Ltd Vs CIT. Key insights into why the AO must grant advance tax ...

September 5, 2023 783 Views 0 comment Print

GST on supply of fortified wholemeal flour to Food & Supplies Department

Goods and Services Tax : AAAR rule that in the instant case the supply of fortified wholemeal flour to the Food & Supplies Department, Government of West B...

August 22, 2022 765 Views 0 comment Print

Corrigendum order in case M/s Emerald court Co-operative Housing Society Ltd.

Goods and Services Tax : In re Emerald Court Co-operative Housing Society Ltd. (GST AAR Maharashtra) CORRIGENDUM In the case of the applicant, M/s. Emerald...

July 27, 2021 1275 Views 0 comment Print

GST on supply installation, operation & maintenance of Greenfield Public Street Lighting System

Goods and Services Tax : In re Nexustar Lighting Project Private Limited (GST AAR Odisha) Question No. 1 Whether in facts and circumstances of the case, th...

January 20, 2021 1401 Views 0 comment Print


Latest Notifications


CBDT extends due date of Advance Tax for North Eastern Region

Income Tax : Extension of date of Direct Tax payment in respect of third installment of advance tax for FY 2019-20 Considering the large-scale ...

December 16, 2019 10176 Views 0 comment Print


Latest Posts in Advance Tax

Advance tax e-campaign based on significant transactions

March 14, 2024 828 Views 0 comment Print

Explore an e-campaign by the Income Tax Department on significant transactions and advance tax payments. Learn about advance tax, payment methods, and late payment interest.

Tax Compliances/Task to do on or before 31st March 2024

March 12, 2024 2658 Views 0 comment Print

Learn about crucial tax compliances to complete before 31st March 2024 to avoid future complications. From advance tax payments to reconciliation tasks, ensure timely completion to mitigate losses.

Income Tax Dept admits Inconsistencies in Securities Market Data (SFT-17)

March 12, 2024 543 Views 0 comment Print

Income Tax Department has identified certain inconsistencies in the Statement of Financial Transactions (SFT-17) data related to securities market, as reported by one of Reporting Entities. This information comes from a recent tweet by department.

Ministry of Finance Launches e-Campaign for Advance Tax Compliance

March 10, 2024 612 Views 0 comment Print

The Income Tax Department, under the Ministry of Finance, is set to initiate an e-campaign aimed at enhancing taxpayer compliance with advance tax payments for the Financial Year 2023-24. This campaign targets individuals and entities engaged in significant financial transactions, urging them to accurately compute and deposit their advance tax liabilities by the deadline of […]

Advance Tax Made Simple: A Guide for Income Taxpayers

March 7, 2024 3435 Views 0 comment Print

Learn about Advance Tax, a ‘pay as you earn’ system in India. Find out who needs to pay, calculation methods, due dates, and FAQs for hassle-free compliance.

Income Tax Act, 1961: Sections 207-219 – Advance Tax Provisions & Analysis

February 1, 2024 3402 Views 0 comment Print

Explore Sections 207 to 219 of the Income Tax Act, 1961, covering Advance Tax provisions, due dates, and in-depth analysis. Understand computation, liability, and payment with detailed insights.

Inform your current employer about the previous employment and salary

January 9, 2024 1692 Views 0 comment Print

Learn why disclosing previous salary is crucial for accurate tax planning. Explore advance tax intricacies, due dates, and interest implications. Navigate the complexities of income tax seamlessly.

Advance Tax Payment Due Dates: When do you have to pay it?

December 26, 2023 2676 Views 0 comment Print

Stay ahead of tax obligations! Explore advance tax due dates for FY 2023-24, calculation methods, exemptions, TDS insights, and consequences of non-payment. Be tax-savvy!

Pay 3rd Instalment Advance Tax for AY 2024-25 by 15th Dec: Guidelines & Example

December 8, 2023 5922 Views 0 comment Print

Understand how to pay your 3rd instalment of Advance Tax for the Assessment Year 2024-25 before the deadline on 15th December. Detailed guidelines and a practical example provided.

AO Must allow Advance Tax credit Despite Assessee Error: ITAT Mumbai

September 5, 2023 783 Views 0 comment Print

Analysis of the ITAT Mumbai ruling in the case of Damco India Pvt Ltd Vs CIT. Key insights into why the AO must grant advance tax credits overlooked by the taxpayer.

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