Goods and Services Tax : Navigate through the GST filing process for e-commerce in India with our guide. Learn about GST registration, GSTR-1 and GSTR-3B f...
Income Tax : DTPA Representation Committee has made a representation to Mrs. Nirmala Sitharaman, Hon’ble Finance Minister on Representation...
Income Tax : Section 194P Conditional Relaxation for senior citizens who are of the age of 75 year or above from filing return of income-tax un...
Income Tax : Where a person required to furnish a return of income under Section 139, fails to do so within the time prescribed in sub-section ...
Income Tax : The due date for filing income tax return for corporate assessees and other assessees who are required to get their accounts aud...
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 : Certain misinformation is being circulated in Social Media pertaining to individual return filers. CBDT clarifies: During the curr...
Income Tax : Income Tax Department is moving towards e-governance in all its functions including assessment and post assessment related activit...
Company Law : The Registrar of Companies (RoC) on Tuesday issued a show-cause notice to Kolkata Knight Riders (KKR) for inadequate regulatory fi...
Income Tax : ITAT Bangalore held that delay in filing the return and Form No.67, beyond period under section 139(1) of the Act, is not fatal to...
Income Tax : The Hon'ble Madras High court in the above cited case held that in deciding the application for condonation of delay in filling re...
Income Tax : CBDT extends 'due-date' of filing income-tax return for assessment-year 2018-2019 as prescribed in section 139(1) of the Act, from...
Navigate through the GST filing process for e-commerce in India with our guide. Learn about GST registration, GSTR-1 and GSTR-3B filing steps, and essential documents for compliance.
ITAT Bangalore held that delay in filing the return and Form No.67, beyond period under section 139(1) of the Act, is not fatal to the claim of FTC. Foreign Tax Credit duly available in respect of income taxable in India and received outside India for the amount of taxes paid outside India.
DTPA Representation Committee has made a representation to Mrs. Nirmala Sitharaman, Hon’ble Finance Minister on Representation on problems/ issues in new Income Tax Portal. Full text of the same is as follows:- DIRECT TAXES PROFESSIONALS’ ASSOCIATION Income Tax Building, 3, Govt. Place West, Ground Floor, Kolkata 700001 Ph 033-22420638 Ref. No. – DTPA/Rep/21-22/27 Date: 16.06.2021 […]
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 […]
Section 194P Conditional Relaxation for senior citizens who are of the age of 75 year or above from filing return of income-tax under Union Finance Bill 2021/ Budget 2021. Section 139 of the Act provides for filing of return of income. Sub-section (1) of the section provides that every person being an individual, if his […]
Where a person required to furnish a return of income under Section 139, fails to do so within the time prescribed in sub-section (1) of said section, he shall pay, by way of fee, a sum of- (a) Five thousand rupees, if the return is furnished on or before the 31st day of December of the assessment year; (b) Ten thousand rupees, in any other case;
The due date for filing income tax return for corporate assessees and other assessees who are required to get their accounts audited under Income Tax Act 1961 or under any other law for the time being in force is 30th September and for others it is 31st July every year as have been prescribed u/s 139(1). For a layman sometimes it may create doubt if he fails to file his return of Income within due date, whether he can file his return of Income after the due date, especially when he is under no obligation to get his accounts audited under Income Tax Act or under any other law.
Learn how to respond to a notice u/s 139(9) for a defective income tax return. Get step-by-step guidance on filing the response and resolving the issues.
When it comes to Income tax, Indians seem a lot confused. Not everyone is aware about all the aspects of Income tax and that leads to myths being built around the whole concept of income tax. In this blog post we will see what are the most common myths related to income tax and we […]
Rectification has become easy since switchover to online but it has its own limitation. In this article I will be covering almost every point related to rectification in terms of: 1. Online request for rectification. 2. Required information before filing a rectification application. 3. Mistakes committed while filing a rectification. 4. Need for a proper system at your office place to avoid mistakes at each level of filing
