1) Separate schedule for Crypto/VDA income If you made any income from crypto and other virtual digital assets in FY 2022-23 then you will have to report such income in a separate schedule Tax provisions for taxation of VDAs was introduced from FY 2022-23 2) Intraday Trading Disclosure There is now an option to disclose …
6 Key Changes in New Income Tax Returns forms for FY 2022-23 / AY 2023-24: Read More »
👉The Central Board of Direct Taxes (CBDT) notified the provision regarding Furnishing of declaration and evidence of claims by senior citizens for Exemption from Income Tax Return Filing under section 194P of the Income Tax Act. 👉The CBDT inserted Rule 26D through the Income-tax (26th Amendment) Rules, 2021. 👉The declaration required to be furnished by …
Union Budget 2021 has provided relief for Senior Citizen from filing Income Tax Return Read More »
26/08/2021 You will not be able to file GSTR-1 if GSTR-3B has not been filed for previous 2 months effective Sep 1, 2021. Read the new rules below: Rule-59(6) of CGST Rules, 2017; inserted vide Notification No. 1/2021 dated 1st January 2021, provides for restriction in filing of GSTR-1 in certain cases : a) a …
SFT refers to the Specified Financial Transaction. It is designed pursuant to rule 114E of the Income Tax act wherein certain specified transactions have been enumerated which is required to be reported by specified entities/ authorities to the Income Tax Department. 👉Form NO. 26AS mentioned the section quote of the specified transactions carried out by …
Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman took a meeting with Mr. Salil Parekh, MD & CEO, Infosys here today afternoon to convey the deep disappointment and concerns of the Government and the taxpayers about the continuing glitches in the e-filing portal of the Income Tax Department even after two and half …
Company Registration Partnership Firm Registration LLP Registration Private Limited and Limited Company Registration One Person Company Registration Import Export Code Registration Trademark Registration Shops and Establishment MSME Registration Internal Audit, Statutory Audit, Tax Audit, GST Audit Services ROC Filing and Companies Act Compliances. GST Registration, Return Filing and Scrutiny matters Income tax Return Filing, Assessment …
Top finance officials representing most of the world’s economy have backed a sweeping revision of international taxation that includes a 15% global minimum corporate levy to deter big companies from resorting to low-rate tax havens. Finance ministers from the Group of 20 countries endorsed the plan at a meeting Saturday in Venice. U.S. Treasury Secretary …
G-20 FINANCE MINISTERS BACK REFORMS TO STOP USE OF TAX HAVENS Read More »
Seth Carbon and Alloys Private Limited Vs DCIT (ITAT Mumbai) We find that assessee by furnishing all the aforesaid documents had duly explained the nature and source of credit in the form of share capital and share premium received from the aforesaid two shareholders. From the balance sheet of the shareholders, it could be seen …
SECTION 68 ADDITION FOR SHARE CAPITAL & PREMIUM WITHOUT ANY VERIFICATION NOT SUSTAINABLE Read More »
1) TDS Q4 Filing Date – Extended to 15th July, 2021 2) Form 16 date – Extended to 31st July, 2021 3) Application for 10A, 10B, 10(23C),12AB and 80G – Extended to 31st August, 2021 4) Compliances u/s 54 to 54GB for Capital Gains – Extended to 30th September, 2021 5) 15G/15H Declaration Submissions – …
CBDT Extension of due dates under Income Tax Act Read More »
🌴 Steps to check the ITR filing status for the purpose of Section 206AB and 206CCA 🍉 Step: 1 Go to Reporting Portal at URL https://report.insight.gov.in. 🍓 Step: 2 On the left sidebar of the Reporting Portal homepage, click on Register button. 🥭 Step: 3 User is redirected to the e-filing login page. Or 🍍 …
Income Tax Department | Reporting Portal | Project Insight report.insight.gov.in Read More »
