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Search results for: Income tax Act

CBDT Updates By Circular No. 16 Dated 29/2021

CBDT: Cir No.16 for Due Date Extension of Electronic Filing Tax Forms

The Central Board of Direct Taxes ( CBDT ) has revised the last date for the electronic filing of several income tax forms beneath the income tax act. The board, acknowledging hardships reported through the assessee as well as other shareholders in the electronic filing of specific Forms beneath the provisions of the income tax […]

Income Tax Section 89 Relief for Salary Arrears

Tax Deduction on Employee Salary Arrears U/S 89 with Calculation

In this post, you are required to find out the relief when salary, etc. is furnished in arrears or in advance: There are various cases in which an employee might obtain the salary arrears for the present year for any previous year’s left dues to furnish the amendments. The tax payable for the present year […]

ITR Filing Due Dates for FY 2020-21

Income Tax Filing Deadline May Extended Due to New Portal Glitches

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 […]

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 […]

ITAT Delhi Judgment for Under Section 43

ITAT Delhi: Ground Rent Not Allow Under Section 43 of I-T Act

There have been Consecutive Appeals for allowing Provision of Ground Rent in next year but the answer has always been no. The Delhi Bench of Income Tax Appellate Tribunal in a recent ruling held that the provision of the ground rent shall not be allowed as per section 43B of the Income Tax Act 1961. […]

CBDT Amendment in Income Tax Rules U/S 148

CBDT Dept Revises Income Tax Rules on ITR Under Section 148

The Central Board of Direct Taxes (CBDT) revised the Income Tax laws on return of income compatible to revise beneath section 148 Get o know the legal mechanism of how to respond to the assessment and the reassessment notice as per section 148 of the Income Tax Act 1961 of the Income Tax Act. CBDT […]

Direct Tax Collection in 1st Quarter (FY 2021-22)

Almost Doubled Tax Collection in April to June Quarter of FY 2021-22

Good news for the Government and common men! This time there are indications of Positive economic sentiment in the market that shall ultimately result in the welfare of the people of the country. The direct tax These types of taxes are directly imposed and paid to the government of India. Example of Direct Tax is […]

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 […]

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