CBDT Extends date for linking Aadhar with PAN

After extension of GST dates for RCM , TDS/TCS , CBDT extend the time limit upto 31st March, 2018 from 30th June 2018. As per the last Verdict of Apex Court everyone wait...

E-Assessment Under The Income Tax Act,1961

Electronic assessment, also known as e-assessment, online assessment, computer assisted/mediated assessment and computer-based assessment, is the use of information technology in various forms of assessment such as educational assessment, health assessment, psychiatric assessment, and psychological assessment. This may utilize an online computer connected to a network...

Deduction in respect of contribution to pension scheme of Central Government

The Central Government had notified Atal Pension Yojana in respect of eligible deduction under section 80CCD of the Income Tax Act, 1961. Section 80CCD contains provision related to thee types of...

Due date of filing return extended

Finally Due date of filing income tax extended by the department from 31st July to 31st Aug.,2018. Very welcome news for professionals and Tax Practitioners. Tweeter : The Due Date for filing...

ITR 4 for AY 2018-19 is now available for e-Filing : For presumptive income...

Now Filing for ITR 4 for AY 2018-19 has been also started after enabling ITR 1 for filing on 20/04/2018 by income tax department. ITR 4 is basically Income Tax Return for...

CBDT issues clarification on linking of PAN with Aadhaar : For filing Income Tax...

CBDT issues clarification on linking of PAN with Aadhaar CBDT Clearly mention on press note that w.e.f. 01.04.2019, it is mandatory to quote and link Aadhaar number while filing the return of income. Plain...

Income Tax Informants Reward Scheme, 2018

Income Tax Department issues Revised Income Tax Informants Reward Scheme, 2018 A new reward scheme titled “Benami Transactions Informants Reward Scheme, 2018”, has been issued by the Income Tax Department with the...

Fees and Penalties in New era of Tax Regime

For the 1st time Late Fees introduced in indirect tax system at wide rage in Goods and Services Tax. Initially the Fees was very high then it would be decrease by...

Press Release on TDS issue for CBDT

Central Board of Direct Taxes (CBDT) Press Release 20.01.2019 New Delhi: Central Board of Direct Taxes (CBDT) today said that certain news items that appeared in a section of media regarding enmasse issue of prosecution notices...

ITR-3 for AY 2018-19 is available for e-filing & Key changes in ITR-3 for...

Income Tax Return (ITR-3) now available for filing on income tax portal as the due of filing Income Tax Return for the individual who are not liable for tax audit is...

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