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 : CBDT’s 2024 circular allows delayed ITR filing under Section 119(2)(b). Learn step-by-step filing process, eligibility, and offl...
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 : 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Income Tax : Appellant Foundation of Tax and Accounting Professionals (FTAPs) has withdrawn the writ in view of Further extension of Tax Audit ...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 ...
The most popular one pager Income Tax return (ITR-1 Sahaj) is continued by the CBDT this year also vide notification no. 16/2016 dated 03rd April 2018. But there are certain changes regarding eligibility to file this return as well contents of this return which are as under. 1. This year (AY 2018-19 FY 2017-18), only […]
Income Tax Department is moving towards e-governance in all its functions including assessment and post assessment related activities. It desires that, there should be least or no personal interface with the taxpayers in these proceedings. That means, all the communication between the department and the taxpayers would have to be mainly through e-mail & SMS […]
RS announced the arrival of US Taxation on Monday, Jan. 23, 2017 when IRS would begin accepting electronic tax returns
The income that NRI earn abroad is not taxable in India. Nevertheless, some NRIs also have an earning in their aborigine country, India in the form of interest from deposits, property rent, etc. This income has a basic limit of exemption, which is Rs. 2.50 lakhs. If the NRI earnings from such native sources cross the fixed limit of two lakh, then they should file their tax return.
E-Filing Vault – Higher Security- Restricting the methods/options for Login and locking the reset password options will secure account from possible mis-use. This is for additional security or secured access.
This is our third video of FAST TRACK – QUICK REVISION of Return of Income. Aim of this video is revision of return of income in shortest possible time covering 90% of syllabus from examination point of view. However in class we devote almost 3 hours to return of income which we have tried to condensed in 12 minutes approx.
September 30th is the Due Date for filing Income tax Returns for corporate assessees and those who come under compulsory audit. Virtually the Government of India is on a vacation, with Puja and other holidays. Yesterday was a holiday and tomorrow the banks are closed.
The Government today extended the date for filing of income tax returns by a month in three districts of Maharashtra.”The due date of filing income tax returns, due by September 30, 2009, of tax payer assessed to income tax in the districts of Pune, Sangli and Kolhapur, has been extended to October 31, 2009,”the Central […]
The process of electronically filing Income tax returns through the internet is known as e-filing and is meant to ensure saving of time and paperwork for taxpayers. It is mandatory for companies and Firms requiring statutory audit u/s 44AB to submit the Income tax returns electronically for AY 2009-10. E-filing is possible with or without […]
For the current year, there have been a few changes which have been introduced and need to be kept in mind while filing the returns.The tax department has taken steps to make income tax returns filing easier and simple. In the past few years, there have been many improvements and use of technology by the Income Tax […]
