What is the difference between AIS and Form 26AS? Form 26AS is similar to a tax passbook in that it contains information about TDS and TCS deposited against the taxpayer’s PAN during the fiscal year. Furthermore, in the altered version of Form 26AS, information relating to specified transactions like mutual fund unit purchases, foreign remittances, …
Online utility of Traces(TDS), income tax, GST, ESI, PF What is Gst Login portal page? Gst Login Page: http://www.gst.gov.in is the official Goods and Services tax website, widely known as the GSTN portal/ GST Portal, which facilitates many kinds of services for GST taxpayers, that is start from taking GST Registration, traversing via GST Return filing, …
Capital Gains arise from sale of TDR or FSI in Redevelopment is taxable after April 2023 Earlier Income tax Situations Redevelopment of residential housing societies is normally carried out generally via few Developers. Earlier Income tax Stand: No capital gains tax on sale of Transferable Development Rights (TDR) in absence of cost of acquisition In …
TAX REGIME AFTER BUDGET 2023 Major Direct tax proposals (from speech) 1. Rollout of next gen ITR form 2. New limit for 44AD & ADA : 3 crore & 75 Lacs 3. Expense deduction to MSME to be allowed on payment basis 4. New cooperatives manufacturing tax @ 15% if upto 31.03.24 5. Higher loan …
Directorate of Income Tax (Systems) issue instruction to AO on time bound reply to response against intimation U/S 245 Central Board of Direct Taxes has issued Instruction No. 06 of 2022 to the AO for response to notice / intimation U/s 245 issued by Centralised Processing Centre Bangalore for decreased in timeline for filling response …
Access or Availability to Chartered Accountants Audit Reports & Steps in The Process Flow for audit report & online Filing 2.0 The post includes a list of 22 audit reports and information on how to file them, as well as Process Flow Steps In Online Filing 2.0 on the New Income Tax Portal for all …
How to make payment of tax under PMGKY? Challan 287: Under Pradhan Mantri Garib Kalyan Yojana Scheme or PMGKY scheme, 2016 while making an income tax payment Normally Challan 287 are using Under the Pradhan Mantri Garib Kalyan Yojana (PMGKY) Scheme, 2016, for making tax payments by taxpayers preparing to planning to disclose income during …
Govt extends the deadline for tax compliance to file a return and other records by 30 June Extension of different deadlines under the Direct Tax & Benami laws: Notification No 35/2020 has been released by CBDT [S.O. 2033(E)] of 24 June 2020 on Taxation & Other Laws, extending further the time-limits for numerous compliance measures. …
Today Update : DIRECT TAX:- Delhi ITAT held that Penalty can be imposed only on disproved claim of expenditure and not unproven claim of expenditure. Arun Duggal Vs. DCIT (ITAT Delhi) The market value of the capital asset has no relevance in determining the full value of consideration: ITAT Assistant Commissioner of Income-tax, Circle-12, Ahmedabad …
Today Update: DIRECT TAX:- Kerala High Court has held that Cross Objection filed before the Tribunal u/s 253(4) is an independent appeal and shall be adjudicated on merits even if the other party’s appeal is dismissed, for whatever reason. [City Centre Builders & Developers Vs ITAT Cochin & Others] C K Ahuja Vs CIT Whether when …