Amendments made in Form 3CD effective from AY 2024-25
Amendments made in Form 3CD effective from AY 2024-25: Below are the clauses in which changes are made: 1. Clause 8a (Whether company has opted for the special tax regime … Read More
Category: Notifications & Order IT
Changes in ITR 6 applicable to companies – Notification No 16/2016 dated 24.01.2024
Changes in ITR 6 applicable to companies – Notification No 16/2016 dated 24.01.2024 CBDT has notified Income-tax Return Form 6 for the Assessment Year 2024-25, vide Notification No. 16/2024, dated … Read More
FMV in slump sale transaction – Rule 11UAD (IT Notification G.S.R. 338 (E) Dated 24.05.2021)
Amended section provides that FMV of the capital assets transferred shall be deemed to be the consideration New Rule 11 UAD provides method of working out FMV which is higher … Read More
Income Tax Due Date Extension for AY 2021-22 (FY 2020-21)
CBDT Circular 9 of 2021 dated 20th May 2021, has extended following due dates for Income Tax Compliance for AY 2021-22 (FY 2020-21) : 1. Due date for TDS return … Read More
Cost Inflation Index for Financial Year 2020-21 (AY 2021-22)
CBDT notifies Income Tax Cost Inflation Index for Financial Year 2020-21 (Assessment Year 2021-22) vide Notification No. 32/2020-Income Tax dated 12th June 2020 at 301. Cost Inflation Index helps taxpayer … Read More
CBDT has given Income Tax Residency Status Relief for NRIs and Foreign Nationals, Lockdown period won’t be counted for determining Residency Status
CBDT has issues Circular No. 11 of 2020 dt 8th May,2020 clarifying residential status u/s 6 of Income Tax Act wrt FY 2019-20 (AY 2020-21) giving relief on residency status … Read More
Extension of TDS/TDS Return Due Date for Quarter Ended March 2020
NSDL e- Governance Infrastructure Limited TIN Operations Circular Circular No. NSDL/TIN/2020/006 April 20, 2020 Subject: Extension of Quarterly TDS/TCS statement filing dates.
Order on Issue of Certificates for Lower Rate/Nil Deduction/Collection of TDS/TCS
Order u/s 119 of The Income Tax Act, 1961 on issue of certificates for lower rate/nil deduction/collection of TDS or TCS u/s 195, 197 and 206C (9) — reg.