Due Dates in June 2018

Compliance Calendar 01-06-2018 : E Way Bill for Intra state Movement of Goods Mizoram, Odisha, Punjab, Chhattisgarh, Goa and Jammu & Kashmir. Besides, Tamil Nadu & West Bengal will roll out on...

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...

Extension of time of the Task Force for drafting a New Direct Tax Legislation

The Central Board of Direct Taxes of Department of Revenue of  Government of India notified in Press release dated 22th May, 2018 for Extension of time of the Task Force for drafting a New...

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...

ITR-2 for AY 2018-19 Available on e- filing portal for filing & Key Changes...

ITR-2 (Income Tax Return) is now made available by the CBDT (Central Board of Direct Tax) for the purpose of e filing on portal. ITR-2 is for Individuals and HUFs not having...

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...

Cautionary Advisory on Reports of tax evasion by under-reporting income or inflating deductions/Exemptions by...

The Income Tax Department has from time to time issued advertisements requesting taxpayers to report their correct income in their Income Tax Returns. In this connection, the attempt salaried taxpayers to...

The facility to file Income Tax Return for ITR-1 is now available on the...

ITR-1 is required to be filed by taxpayer for individuals being a resident other than not ordinarily resident having Income from Salaries, one house property, other sources (Interest etc.) and having...

Stakeholder engagement by the Task Force drafting the new Direct Tax Law

Task Force for drafting a New Direct Tax Legislation - Questionnaire for inviting suggestions and feedback on the Income-tax Act, 1961 from the stakeholders and general public. On 23rd March 2017 Govt....

The Parliament Passed the Payment of Gratuity (Amendment) Bill which will increase the ceiling...

Further, this will allow the government to increase the gratuity (Note 1) ceiling from time to time without amending the law Full Text of Amendment bill is as under : The provisions contained...

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