The Central Board of Direct Taxes (CBDT) has once again delayed the reporting under Clause 30C and Clause 44 under the Tax Audit Report till the date 31st March 2022 due to the COVID-19 pandemic across the coun...
Every assessee who has tax liability in excess of Rs.10,000 after taking the due credit of TDS as per Form 26AS is required to pay such tax in installments during the year itself rather than paying th...
The parliament has passed Finance Bill 2021 with Lok Sabha giving its nod on 23/03/2021 and Rajya Sabha on 24/03/2021, which gives effect to the financial proposals of the central government for the financial year 2...
The Central Board of Direct Taxes (CBDT) has issued the clarifications on provisions of the Direct Tax Vivad se Vishwas Act, 2020 vide Circular No. 4/2021. Sections 10 and 11 of Vivad se Vishwas Act, 2020 empowe...
The Central Board of Direct taxes (CBDT) had received various representations requesting for relaxation in determination of residential status for previous year 2020-21 from individuals who had come on a visit ...
The Supreme Court has held that no TDS is applicable on the amounts paid by Indian companies for the use of softwares developed by foreign companies in the case of Engineering Analysis Centre of Excellence Private L...
CBDT vide Notification no. 10/2021 dated 27.02.2021 has extended the time barring assessment/reassessment completion dates and penalty dates from March 31, 2021. It may be important to note that there is no exten...
CBDT vide Notification No. 09/2021 dated 26.02.2021 has further extended the date for filing of declarations under the Direct Tax Vivad Se Vishwas Act, 2020 from February 28, 2021 to 31st March, 2021. It may also...
CBDT has recently launched Video Conferencing and Seek Adjournment before an Income Tax Authority who has initiated the proceeding and expect the response from the user. In accordance with the aforesaid laun...
The CBDT has issued guidance for filing ITR 7 for A.Y 2020-21. Form ITR-7 is for persons including companies required to furnish return under Sections 139(4A) or 139(4B) or 139(4C) or 139(4D) only. The following salie...
