Goods and Services Tax : The case examined if income details could be disclosed under RTI during a matrimonial dispute. The Court ruled that such disclosur...
Income Tax : ITR-4 Sugam: End of Blind Presumptive Compliance?” The Central Board of Direct Taxes (CBDT) has introduced a significant complia...
Income Tax : Highlights that selecting the incorrect portal tab can lead to data mismatches and filing errors. Emphasizes the need to use the c...
Income Tax : The new law reorganizes provisions and introduces clearer section mapping for business income. It simplifies compliance while reta...
Income Tax : Free products, sponsored trips, and non-cash perks are now taxable under Section 194R if their value exceeds ₹20,000 annually. B...
CA, CS, CMA : The Court found CBDT failed to follow its 2015 directive on timely ITR utility release. It ordered an affidavit with corrective st...
CA, CS, CMA : KSCAA urged CBDT to extend due dates for assessees under Section 92E, citing an omission in Circular No. 15/2025 that created inco...
Income Tax : Gujarat HC has directed CBDT to ensure that there is a mandatory one-month gap between date for furnishing tax audit reports (unde...
Income Tax : The Gujarat High Court is hearing a petition from the Chartered Accountants Association regarding persistent glitches on the new I...
Income Tax : The Pune Chartered Accountants' Society has requested an extension for tax audit and ITR filing deadlines for FY 2024-25, citing t...
Income Tax : The case addresses the continued failure to release ITR utilities on time despite earlier court directions. The Court adjourned th...
Corporate Law : The court interpreted the scope of Section 91 CrPC in summoning documents. It ruled that parties cannot demand documents as a matt...
Income Tax : The case focuses on systemic delays and technical shortcomings in the e-filing system. The Court directed the Department to file a...
Service Tax : The case addresses whether discrepancies between ITR/Form 26AS and ST-3 returns can justify a Service Tax demand. The Tribunal hel...
Income Tax : The Tribunal held that the assessee had furnished PAN, bank statements, confirmations, and financial details establishing the iden...
Income Tax : CBDT clarified the presentation of error categories in Form U. The update ensures clearer reporting of incorrect income heads and ...
Income Tax : The corrigendum corrects technical errors in multiple ITR schedules, including CG and CYLA. It ensures accurate reporting and smoo...
Income Tax : CBDT corrected multiple clerical and structural errors across income tax return schedules. The changes ensure accurate reporting a...
Income Tax : The corrigendum fixes an incorrect aggregation formula in Schedule CG and wrong cross-references in Schedule UD. It ensures accura...
Income Tax : The corrigendum addresses formatting and reference errors in Schedule CG and Schedule OS. It clarifies reporting fields without al...
WHAT IS ITR-7 ITR 7 Form is for persons including companies required to furnish return under sections 139(4A) or 139(4B) or 139(4C) or 139(4D) or 139(4E) or 139(4F) ITR 7 APPLICABLE FOR: ITR-7 form is to be used when the assessee is one of the following: Having income from charitable /religious trust- Section 139 (4A) […]
Representation On Relaxing The Application Of Section 234F Of Income Tax Act And Extension Of Due Date For Filing Income Tax Returns Of Individuals And Small Businesses
WHAT IS ITR-6 Form ITR – 6 can be used by a company, other than a company claiming exemption under section 11 (exemption under section 11 can be claimed by a charitable/religious trust). ITR 6 APPLICABLE FOR: ITR-6 form is to be used when the assesse is one of the following: Companies WHO IS NOT […]
Discover 5 different ways to easily e-verify your Income Tax Return. File your return on time and ensure smooth tax filing process.
WHAT IS ITR-5 ITR 5 Form is for persons other than:- (i) Individual, (ii) HUF, (iii) Company and (iv) Person filing Form ITR-7. ITR 5 APPLICABLE FOR: ITR-5 form is to be used when the assesse is one of the following: Firms Limited Liability Partnerships( LLP) Association of persons( AOP) Body of Individuals ( BOI) […]
Demystify Income Tax Return Forms (A.Y 2018-19) and understand how to file your taxes accurately and efficiently.
WHAT IS ITR 4 ITR 4 Form is for presumptive income from Business & Profession as per Section 44AD, Section 44ADA and Section 44AE of the Income Tax Act. ITR 4 APPLICABLE FOR: The persons having income from following sources are eligible to file ITR 4: Presumptive income from Business & Profession as per Section […]
It is an old disease in India that regardless of repetitive updates, there are sure tax assessees who turn a deaf ear and neglect to meet the due date for Income Tax Return Filing. They are utilized to record late returns or neglect to document the return of income. This has happened on the grounds that, before the present arrangement of income tax, penalty on late filing of return was not compulsorily upheld by the Department. Thus, tax assessees used to take the provision of timely filing of return for granted. From the financial year 2018-19 onwards, another section has been presented, i.e. Section 234F of Income Tax Act-1961 for a penalty for late ITR filing.
ndividuals having income upto Rs. 50 lakhs from salary/single house property/other income (interest etc.) can file Income Tax Return on one page ITR Form No. 1 ‘SAHAJ’ quickly and easily by following these simple steps…
WHAT IS ITR 3 ITR-3 Form is for individuals and HUFs having income from a proprietary business or profession. ITR-3 APPLICABLE FOR: The persons having income from following sources are eligible to file ITR 3: Business or profession Return may include income from House property/ Salary/Pension and Income from other sources LIC Agents (Commission income) […]
