Powerd By SAG INFOTECH
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The central government on account to deal with the hurdles faced by the several stakeholders due to Covid – 19 pandemic, has taken into contemplation received by multiple stakeholders has concluded to prolong the timelines for compliances under the Income-tax Act, 1961 ( (hereinafter introduced to as “the Act”) in the following cases, as under […]
Towards the assessee, the Central Board of Direct Taxes (CBDT) simplified the method of authentication of the electronic records in proceedings of faceless tax assessment. The central government had revised the income tax rules 1962 to furnish the records submitted via the account of the assessee in the income tax departments portal should be considered […]
The Finance Ministry of India has recently announced the latest set of rules notified under the income tax act for the provident fund (PF) savings. The 2021-22 budget speech of Finance Minister Nirmala Sitharaman mentioned that the income on contribution towards PF would be taxed for above INR 2.5 lakh but further it was extended […]
Every year there are some changes that are started in the forms provided to furnish the income tax returns and processes engaged, that the assessee must find out. Indeed in this year, there are some amendments that are built to the forms and engaged with the processes. There are certain revisions that you must find […]
The income tax department has asked the assessee to immediately answer online so that their due refunds for the assessment year 2020-21 shall be processed efficiently. Inside the official statement provided on Sunday, it stated that to date 93% of refund claims in Income tax returns furnished for the assessment year (AY) 20-21 have “already” […]
The Central Board of Direct Taxes (CBDT) has decided to extend the due date deadlines for the financial year 2020-21 (AY 2021-22) income tax returns (ITR) due to the crash and glitches faced on the income tax website. As per the reports, 30th September 2021 is the last date for the ITR filing but now […]
Covid-19 has influenced people all across the world in a bigger way. It produces an effect on the financial state of the people living in the world. Towards the medical treatment for those who get influenced through covid-19. Here, we have mentioned all details about income tax refund of TDS deducted on medical treatments for […]
One Step ahead and 2 steps backwards. Why? This principle of the dilemma is equally applicable in the tax mechanism also. The same error/ fault was persisting in the regime of Tax Deducted at Source (TDS) for certain categories of taxpayers. But Now, by insertion of section 197 related to the Income-tax Form 13, no […]
Delhi High court held that the furnished notices towards the name of the deceased individual are void and all reasonable assessment orders are subjected to be canceled. Under Section 148 of the Income Tax Act Know all about the section 269su prescribed electronic mode & rule 119AA under Income Tax Act 1961. Also, we have […]
