Big relaxation for taxpayers and foreign currency remitters as CBDT extends the due date to file form 15CA/15CB manually. Many taxpayers reported various issues in the new income tax portal while filing form 15CA/CB. Therefore, addressing this issue CBDT extended the deadline to file these forms. In this article, we will understand this notification in … Read more
There’s an important notification for taxpayers as the CBDT has set the latest updates about new taxation rules relating to Goodwill. The Central Board of Direct Taxes (CBDT) has issued new guidelines for calculating short-term capital gains (STCG) and write down value (WDV) in cases where goodwill depreciation has been received, possibly raising tax obligations … Read more
Due to the Covid-19, the Income Tax department on Wednesday said it has issued over Rs 24,792 crore refunds to more than 15 lakh taxpayers so far this fiscal. Of this personal income tax refunds worth Rs 7,458 crore has been issued in over 14.98 lakh cases. Corporate tax refunds of Rs 17,334 crore have … Read more
Due to the Covid-19 pandemic intensely spreading unhindered across the world, affecting the lives of our citizens, and in light of service requests from citizens, tax experts, as well as other investors, various time barrier dates, which had previously been extended to 30th April 2021 is now again increased. So, it’s a good decision for … Read more
The Income Tax Department has initiated the Income Tax Return (ITR) Offline utility for Assessment Year 2021-22. The department has made usable the Offline utility of ITR-1 and ITR-4 as of now. In this article, we will discuss CBDT enables ITR Offline utility. CBDT enables ITR Offline utility The Income Tax Department has inaugurated the … Read more
The Central Government has issued the notifications for extension of the ITR filing date. In this article, we will discuss CBDT extends due date for filing Tax Audit Report for FY 2019-20. Let’s summaries the Notifications issued:- The Central Government has issued for the income tax return (ITR) filing deadline for FY 2019-20, which has … Read more