Powerd By SAG INFOTECH
Notifications can be turned of anytime from browser settings
Assocham in its recent suggestion the government of India has made a clear indication towards the reduction in the TDS for the next budget and has cited the reason that the litigations of accurate rate on the application. Currently, there are multiple rates on the charts of the Income-tax act on multiple categories of the […]
FY 2021-2022 ITR filing deadline is 31st July 2022. Nevertheless, it has been observed that most taxpayers wait until the last minute to file their ITRs. As in the past two years, some taxpayers assume that the government will extend the deadline again this year. New ITR Portal is Not Completely Operational The assessee is […]
CBDT provides that the rules that mentioned that there shall be no TDS beneath section 194-O of the income tax act are needed on e-auction services. Through several stakeholders, the board has obtained representatives who are engaged in the business that poses e-auction services via an electronic portal owned, operated, or maintained by e-auctioneer. In […]
The imposition by the Bombay High court upon the tax council specified that the actual costs on AO and suppressed the Faceless Assessment orders passed excluding the application of mind. The applicant is the owner of Mantra Industries ltd revocate the Income-tax department’s executions of the penalties with respect to it beneath section 274 read […]
The due date to furnish the ITR towards the Assessment year (AY 2025-26) is 31st July 2025. Under the norms of the CBDT, if an assessee misses the decided last date, then they are required to pay the late fee and furnish the belated ITR by 31st December 2025. The last date to file the […]
CBDT has revealed that the time period for processing the returns including the refund claims beyond the mentioned time limit for cases which does not come under scrutiny from 30, 2021, to November 30, 2021. “Central Board of Direct Taxes (Board) vide its order under section 119 of the Income-tax Act, 1961 (Act) dated 05.07.2021 […]
In case you own multiple houses, then the ‘self-occupied property’ is accorded two properties as chosen by yourself. Other than this property/ properties are handled as ‘deemed to be let out’ for the intention of taxation. A self-occupied property is termed as the property which is tenanted throughout the year by the taxpayers for his […]
The Income Tax Department allows senior citizens above a certain age to not file an Income Tax Return (ITR) if they meet specific conditions outlined in the Income Tax Act of 1961. As the time for filing ITRs approaches, the government has introduced amendments to the Excel utilities for certain ITR forms. Inside the Union […]
The Central Board of Direct Taxes (CBDT) publishes “Rules prescribing ‘any other person’ to verify ITR & appear before authorities for Co./LLP.” The board authorized under clause (c) and clause (cd) of section 140 and clause (viii) of sub-section (2) of section 288 read with section 295 of the Income Tax Act, 1961 has inserted […]
