Income Tax : Understanding taxation for NRIs: Learn about residential status, taxable income, deductions, and the importance of Double Taxation...
Income Tax : All about Indian Income Tax Department's 'Pay Later' option for e-filing ITRs. Learn about its highlights, consequences, and the s...
Income Tax : Understand the mandatory filing of Income Tax Returns (ITR) for individuals, HUFs, and entities. Explore cases where filing become...
Income Tax : 1. Filing Income Tax Returns at the last minute can lead to unwanted errors being made. If you are the one, who missed something o...
Income Tax : All about My CA service on Income Tax e-Filing Portal – FAQs Q.1 How can I add my CA to e-Filing account? Ans. You can add y...
Income Tax : Karnataka Taxpayers & Practitioners Association has made a written representation regarding issues/glitches on the new Income ...
Income Tax : Ahilya Chamber of Commerce & Industry has made a representation to Finance minister and bring to her attention the issues in N...
Income Tax : ITBA & AGFTC made made an attempt to bifurcate issues / glitches on new Income Tax Portal in major 5 parts, which may require at...
Income Tax : we recommend that the existing portal which was running smoothly, be continued during the parallel implementation of new Portal fo...
Income Tax : KSCAA have worked closely with multiple stakeholders to understand the issues at hand with respect to New Income Tax E-Filing Port...
Income Tax : Lucknow CA Tax Practitioners Association VS. UOI (Allahabad High Court) As far as prayer no.1 of the petitioner-association for is...
Income Tax : Appellant Foundation of Tax and Accounting Professionals (FTAPs) has withdrawn the writ in view of Further extension of Tax Audit ...
Income Tax : Gauhati High Court has instructed CBDT to Consider Representation filed by Tax Bar Association on or before 25.10.2018 by which th...
Income Tax : All Gujarat Federation of Tax Consultants Vs Union of India (Gujarat High Court) 11.10.2018– It is an agreed position that...
Income Tax : Plywood and Allied Products Dealers Association of India Vs. UOI & Ors (Kerala High Court) The Petitioner is an association o...
Income Tax : As concerns of the assessees have been suitably redressed with extension of due date by one month (i.e. till 31.10.18), representa...
Income Tax : CBDT further extends due date for filing of Income Tax Returns & Tax audit reports from 15th Oct,2018 to 31st Oct, 2018 for al...
Income Tax : CBDT extends due dt for filing of Income Tax Returns & audit reports from 30th Sept, 2018 to 15th Oct, 2018 for all assessees ...
KSCAA have worked closely with multiple stakeholders to understand the issues at hand with respect to New Income Tax E-Filing Portal and made efforts to consolidate the same and enumerating 36 issues and also made few suggestions with respect to new e-filing portal. Please read Full text of the representation to Smt. Nirmala Sitaraman Hon’ble […]
Senior Finance Ministry officials to hold interactive meeting with Infosys on 22nd June, 2021 on issues in the new IT e-Filing portal. Stakeholders including ICAI members, auditors, consultants & taxpayers to be part of the interaction.
We are listing around 38 issues in portal and this is the beginning only because still we are working on preliminary aspects and further issues are bound to arise when we start working with the Portal and make Tax Compliances on behalf of our clients, the valued Tax Payers of the Nation.
fter launching of the website by the Income Tax Department on 07th day of June, 2021 the members are facing the problems as discussed below:- 1. DSC is not getting registered or updated, 2. New Incorporated companies or Firms are not able to register themselves on ITD Portal ,
The Income Tax Department launched the new completely revamped Income Tax Website 2.0. Now, there is a lot of discussion on the social media whether this update was really required or not or regarding the multiple issues which everyone is facing. The old website was project was proposed in 2006 and launched sometime in 2007. […]
Linking of Aadhaar with PAN (Permanent Account Number) is a mandatory requirement under Income Tax Act 1961. If a person fails to link Aadhaar with PAN by the prescribed last date, a penalty of Rs1000 for the non-linkage will be charged, and also, his PAN will become inoperative – Section 234H inserted vide Finance Act […]
Karnataka Taxpayers Association has released a Press note and stated that New Income Tax Filing Portal has crashed within an Hour of Launching & till date not repaired. It further states that New Portal is neither user friendly and not properly developed. KTA demanded for Roll back of Old Income Tax Portal, so as to […]
Following are the details which is required to be updated: New Registration process to facilitate effective communication between the taxpayer and department is enabled. The existing e-Filing users are required to update their profile by logging into e-Filing account.
CBDT notifies new ITR’s and brings changes in the Income Tax Return and the and requires new information from the taxpayers. Like each year, this year also CBDT has brought about new reporting requirements in the Income Tax Returns.
♦ Tax is a mandatory liability for every citizen of the country. There are two types of tax in India i.e. direct and indirect. ♦ Taxation in India is rooted from the period of Manu Smriti and Arthasastra. Present Indian tax system is based on this ancient tax system which was based on the theory of maximum social welfare.
