Powerd By SAG INFOTECH
Notifications can be turned of anytime from browser settings
Under section 147 of the Income Tax Department, The Income Tax Department is empowered to reassess an individual’s previous/privately filed income tax returns. The assessing officer possesses the power to pick the income tax return for the reassessment keeping in consideration some predefined criteria by sending the notice under section 148 for the purpose of […]
The Income Tax Department has launched its new E-filing portal on June 7th, 2021. Consequently, these days, it is creating an awareness and learning campaign on how to proceed for registration and re-registration of Digital Signature Certificate (DSC) on the new Income Tax e-filing portal. Latest Update Download Income Tax Software What Exactly is DSC […]
According to the Limit in section 269ST of IT Act relaxed, from 01.04.2021 to 31.05.2021. PAN AADHAAR required the hospitals or medical facilities that are giving treatment to covid-19 patients can take cash payments exceeding Rs 3 lakh. Latest Update 01st January 2023 Co-operative societies and the definition of dealership/distributorship for the purposes of clause […]
Section 273B of the IT act gives that there will be no penalty imposed on the individual or the taxpayers if it is towards section 271D of the IT Act if he proves that there is a genuine reason for the failure. To the council, the taxpayer said that the two of the neighbors of […]
In response to several representations received by The Central Board of Direct Taxes (CBDT) for seeking clarification on the ‘search case’ mentioned in the Vivad Se Vishwas Act 2020, CBDT has examined the aforesaid provision and issued proper clarifications on the same. As per CBDT, search case includes within its purview either assessment or reassessment […]
Under section 50C of the Income Tax Act the Income Tax Appellate Tribunal (ITAT) Bangalore, has eliminated the addition performed by the revenue department. The taxpayer Ayi Vaman Narasimha Acharya has furnished the income return Easy guide to file income tax return for the FY (financial year) 2019-20. Also, we added the document checklist related […]
The practitioners of the income tax have urged that the budget proposal to scrap the income tax Settlement Commission (ITSC) is providing the one-time life opportunity to the worried assessee. Despite the council expecting the move will ease the tax administration, ease in compliance, and cut the litigation, tax experts availed any noncompliance consisting of […]
The government can seek to cut the deductions for the expenses of the salaried person while working from home for the budgeting which is yet to arrive as it seems to raise the demand for consulting firm PWC India. The demand raised is focussed on the money which is furnished or provided in the individual’s […]
It is expected that the forthcoming budget i.e. Budget 2021 may unveil a unique and continuous framework for the speedy resolution of all the disputes concerned to direct taxes. As per online sources, a person familiar with pre-budget discussions revealed that The government is thinking on all the available options which include arbitration or a […]
