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Income Tax Refund for COVID-19 Related Expenses

Tax Refund for Salaried & Non-salaried on COVID-19 Expenses

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 […]

Income Tax Form 13 for Lower or Nil TDS Deduction

All About Income Tax 13 Form for Nil & Lower TDS Deduction

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 HC Quashes Income Tax Notices in Name of Dead Person

Delhi HC Cancels Assessment Order As Tax Notice in Name of Dead Invalid

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 […]

Installation Process of Income Tax Return Mobile App

How to Install ITR Filing New Mobile Application on Tax Portal?

We are living in the Digital Era. Given the aforesaid fact, The Government of India has recently launched a mobile app through which you can file your Income Tax Returns. So, all the features of the web portal of Income Tax that are available on the desktop are also available on the income tax return […]

Tax Notices Based on Application of Data Analytics

Companies & Taxpayers Receive Tax Notices Over Data Analytics Results

There are various companies and people who might avoid furnishing the taxes has come beneath the taxman’s lens mentioning an explained investigation upon the grounds of the application of the data analytics and machine learning and robust information sharing amid different tax councils. The government practised the statistics of the last 2 fiscal years to […]

No Income Tax Deduction on Expert and Consultancy Charges

Bangalore ITAT: No Tax Deduction on Consultancy Charges for Possession of Companies

It has been held by the Income Tax Appellate Tribunal (ITAT), Bangalore Bench that income tax deduction could not be allowed to those assessees who are paying the Professional & consultancy charges for acquiring the companies. The reason being the aforesaid expenditure is Capital Expenditure. Here, in this case, the assessee Steer Engineering Private Limited […]

Income Tax Compliance Before 31st July 2021

Important Income Tax Formalities Need to Complete Before 31st July

In the wake of the second Covid-19, the Income Tax Department has stretched the deadlines for various Income Tax compliance and provided relief also in certain cases. Here is the list of the income tax compliances (updates) Here we have provided complete notifications related to the Income Tax and TDS provisions as per the official […]

Key Reforms for Transparent Taxation

8 Points of Transparent Taxation for Income & Corporate Tax, Business

We must have heard about the era of the Industrial Revolution, the IT era and so on. But what about this era? This is an ‘Era of Transparent taxation’ or in other words ‘Era of Tax reforms’. The reason attributed to the new ‘era of Transparent Taxation’ or ‘era of tax reforms’ is the blend […]

CBDT: Extends Due Date of Updating UDIN

CBDT Dept Prolongs Last Date of Updating UDIN for all Tax Forms

The Central Board of Direct Taxes (CBDT) has again extended the last date of updating the Unique Document Identification Number (UDIN) at the e-filing web portal of the Income Tax Department from 31st January 2022 to 30th April 2022. “The CBDT has extended the last date for updating UDINs for all the IT forms at […]

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